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Being an entrepreneur is also a form of gambling. You're betting on the economy staying in the growth area of the business cycle, you're betting that your idea will attract customers, and you're putting up your money or borrowed money to start up without having any earnings in place (in the...

Actually, this market is heading higher. I've noticed when your service is wrong, it's a good setup for a short squeeze. We will get a big move into the close to the upside.

The (idiot) congress should be looking directly at the Federal Reserve and themselves. Not the traders. A bubble can only be developed by a catalyst. The housing bubble was created by excess credit, now the commodity bubble is created by the devaluing of the dollar over the past 6 years. The fed...

I live in an area where I can't get cable or DSL internet. So I use the sprint aircard with unlimited data. I trade index futures every day and live off my trading, so yes it is viable. The only problem I have is it will disconnect every so often, but I can reconnect within 10 seconds. Also...

The reason the Vix is not popping is because this selling is from hedge fund redemptions, forced selling, and will be done by month end. Most professionals know this fact, and that the downside is limited. So they are buying into this since you are getting bargain basement prices. Secondly...

Comparing coffee and gasoline is pretty ignorant. People only drink 8 OZ or so per day. People use 2-4 gallons per day of gasoline. They are not competitive substitutes for one another. This thread is has no economic usefulness as a discussion. Secondly, high crude oil is causing a massive...

This graph is pointless.

Everyone talks about Fed monetary policy. What about the government fiscal policy. Look at banks, there's no inflation, they're sucking wind trying to stay alive. But look at the government, handing out billions. A farming bill here, a stimulus package there, and now a housing bailout. Those...

If you understand how the trade desk operates at Goldman, you will understand. They are probably short SP and want a flush in the financials so they can get it on the cheap.

I don't think that's it at all. The crack spread has been getting better for refiners. Gasoline prices are being passed on to consumers much more than they were in the recent past. If anything, they are betting crude will continue to climb.

What a waste of resources. To think the electric car is the way to go is just small minded.

Chevron halted output at a Nigerian oil facility after (paying militants to attack) a pipeline Thursday night. Of course the paying militants part was added by me. But it's curious the timing. Every time a militant throws a rock at the pipeline crude pops 5 bucks. Now after Saudia Arabia gave...

It might be a good time to pick one up. Once the oil bubble pops, these things will go back up in value, since there won't be any more built.

You forget, it's a liquid market. There are also short sellers that want to cover to move into the next month, they are buyers. Also, if funds are bullish on crude, they would add some to the position as they roll forward. If you remember though a couple months ago when crude took off, even...

It's not a big deal. U.S. hasn't bought crude from Iran in ages.

When these prop shops are advertising a "job" it's a bunch of BS. They are just ripping off the uninformed. It's the same as having a retail account except you have a desk fee, and you have to share your profits and pay ecn fees.

Sounds like OPEC is starting to come apart. Soon there will not be a monopoly that can manipulate supply. They were trying to hedge against the falling dollar by keeping supply flat, but now they've created a bubble.

I don't know why people don't understand. If you want to be continuously in a futures contract before the front month expiration, you just sell the front month and move into the next. The selling you do in the front month is offset by the buying in the roll forward. There are arbs in the...

Yeah, typically I calculate 5 bucks round turn for YM, ES, NQ, ER2, QM, etc. So If I made 10 round turns that day, I will estimate the commission cost around 50 bucks. Give or take, if you have higher volume, you get a little break, then it's around 4.50 round turn. But they have a lot of...

Typically 5-10 minutes after the bell market makers will clear their book. Some of those prints are from earlier in the day. There's also Market on close imbalances that need to be cleared and that one block print will just be the clearing or balancing of those imbalances. Tape reading is not as...