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    What risk management mistakes did this top Norway trader make to blow up his account?

    it'd also be interesting to find out how he was able to access the Nordpool power markets when he first went out trading for himself - the FT article mentions that he once worked for a firm, before leaving to trade with "$30k of his own money." i thought the electricity markets required...
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    What risk management mistakes did this top Norway trader make to blow up his account?

    Wow, this is pretty insane. Anyone have a price chart? The article mentions "extreme market moves in German and Nordic energy markets." This is reminiscent of what happened in the Shanghai iron ore futures market some time ago - a few tycoons were rumored to have been caught on the opposite...
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    % ppl who earn >$1 million cumulative from trading over a lifetime?

    thanks for the input, everyone who replied. i was thinking of the nyt article that came out a few weeks ago, which did interviews with some individual traders who lost a few k - 100k in crypto: https://www.nytimes.com/2018/08/20/technology/cryptocurrency-investor-losses.html but then i guess...
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    % ppl who earn >$1 million cumulative from trading over a lifetime?

    So I recently came across a statistic that says the average college grad makes $1.2 million pre-tax 2014 dollars, over a lifetime: http://www.hamiltonproject.org/papers/major_decisions_what_graduates_earn_over_their_lifetimes I guess if we try to do the estimates, and filter out: - % of...
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    Plunge Protection Team (PPT)

    Any insights on how they trade? - do they work off of VWAP? - is there a particular point value they assign for definition of 'plunge' before they step in? eg. is it something like -15 on ES & they switch on the ramp? - on a net basis, do they try to make profits in the market? or are they...
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    Any old timers who shorted Nasdaq in 2000?

    good stuff, must be seriously awesome trading that kind of market on both sides
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    Any old timers who shorted Nasdaq in 2000?

    lol, is that a fancy metaphor, sea of "red" / "bear" raid / sell in may and go away
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    Any old timers who shorted Nasdaq in 2000?

    how close to the top tick were u?
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    Any old timers who shorted Nasdaq in 2000?

    With the tax plan being priced into the market for the umpteenth time, it'll be interesting to see how much farther the parabolic rise is going to last...just waiting for Gartman to announce he's "going long 1 unit," any day now. For the old pros who shorted Nasdaq in 2000, any stories to...
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    Riding the commodity cycle to rockstar riches, Michael Marcus style

    word is some guys have made quite a bundle this summer in nickel...
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    Riding the commodity cycle to rockstar riches, Michael Marcus style

    Gundlach didn't pick, he made it sound like a macro basket play (talked abt GSCI commodities index vs S&P market cap ratio at historic standard deviation, etc) Let's say everything goes up, some by 2-3x, some by 3-4x, etc -- the real question is, how would Michael Marcus trade it to a 2500x...
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    Riding the commodity cycle to rockstar riches, Michael Marcus style

    Gundlach was on CNBC yesterday talking about how he sees commodities as being a good buy for 2018. He compared it to the runup in commodities in the 1970s, 1990s, 2011, etc (his reference to Stan Chart was pretty hilarious) For those of us who read the Market Wizards books, we all know the...
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    Electricity Futures

    Anyone here trade electricity futures?
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    The Flynn crash

    does anyone know when/which medium the original ABC news headline came out? zerohedge tweeted @ 11:08am, but those of us watching ES know there was a huge jolt downwards, at 11:07am taking 10+ ticks in 1 go didn't jump on the initial trade downwards yesterday bc of tax plan / thought it was...
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    Why is TT the overwhelmingly preferred software among professional futures traders?

    lol, on a day like today it's a total extreme sport even without the sounds thanks for the advice, would give TT a try to see what it's like
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    Why is TT the overwhelmingly preferred software among professional futures traders?

    Very cool, extra credit for the video Do u recommend having a wired internet connection to run TT? or is their software so fast compared to other software that it doesn't even make a difference if u run TT on wifi?
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    Why is TT the overwhelmingly preferred software among professional futures traders?

    There was an interview given by Paul Rotter where he says he uses TT's MD Trader. It seems a LOT of professional futures traders, esp. those who do large orders / scalping use TT. For those who're using it, - What's so good about TT's software, that other alternatives simply can't compare...
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    Switching from Interactive Brokers to TradeStation?

    That is correct, $4039 per ES contract right now for IB intraday Just wondering, did you find other brokers deficient in some way, in terms of switching back to IB?
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    Switching from Interactive Brokers to TradeStation?

    Not for the software - IB's TWS comes free
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    Switching from Interactive Brokers to TradeStation?

    Thanks Bob, just wondering: - The $4950 initial margin listed for ES - does that apply to overnights? - For other customers of IB who switched over to your platform, what are some of their feedback?
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