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    Charlie Munger says "Stock777 was right, hft are scum"

    Well the argument he makes against HFT (it adds no social value) could be made against all traders regardless of duration. Other than providing that ever elusive "liquidity" it is difficult to see what social value any trader has. Face it, none of you entered trading to benefit society. You...
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    bought two AGQ May 200 put

    Golly - that put is worth $9 today. Another lottery ticket that I missed.
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    Senator Bernie Sanders Demands Action From Obama On Wall Street Oil 'Gambling'

    If you believe that some combination of long only funds and Evil Speculators (TM) have pushed the oil price up well beyond the price justified by the market, then do what a trader should do -- short oil and come back here in a month and brag about your profits. As I recall the long only...
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    CME raises silver margin for 3rd time in 7 days.

    Volatility is silver has spiked up, daily swings are huge, so it was only prudent to raise the margin requirement.
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    poll: will Trump officially run for President?

    I hope not. Of course I can say that for almost all the Republicans considering to run for President.
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    Bin Laden is Dead

    Osama bin Laden is dead. Fine. Get we get out of the wars now?
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    Vertical Spreads

    If the bid/asks were narrow enough you could sell a box for something close to $5.80 and wait until it expires worth $5 even, a 16% profit on a risk free trade The market is never so generous so I assume the bid/ask spreads are wide and the disparities you see between the vertical call spread...
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    "Price Action Only" traders - More likely to be successful?

    Well, it worked well in that case. It was the typical "go long when the price breaks out of congestion on the long side" trade, which works sometimes and sometimes not. But in any case that type of pattern is certainly what I would classify under TA. The issue of whether indicators are used...
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    "Price Action Only" traders - More likely to be successful?

    I fail to see any real distinction between "price action" and TA. I define TA as any trading method that's driven solely by the price and volume charts. People using "price action" are using *some* sort of pattern matching to decide when to enter a trade, and some purely chart based rule to...
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    Senator Bernie Sanders Demands Action From Obama On Wall Street Oil 'Gambling'

    Bernie Sanders is a self described socialist, so it's no surprise he's getting on the "Evil Oil Speculators" bandwagon. Jeesh, supply, demand, and Federal Reserve money printing couldn't have anything to do with the high price of gas, could they?
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    David Letterman calls Donald Trump racist

    I'm no fan of Donald Trump, but let's face it, <i>anybody</i> who criticizes Obama gets called a racist. That was the one good thing about George W. Bush. You could call him a moron, a fascist, a toad sucking turd ball, or any other such accurate description, but because he is white you were...
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    Peter Schiff: bernanke is lying!!!!!

    There are no U.S. corporations. There are only multinational corporations that have found Delaware to be a good flag of convenience. Even when they prosper they don't hire American citizens. If you believe that U.S. stocks are going down in real terms (i.e., in terms of what you can buy with...
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    bought two AGQ May 200 put

    If I could predict where silver is going I'd be a much richer man today. I guess most of us expect a pullback in the silver price after such a huge run up but when the pullback happens and by how much is another matter entirely. Far OTM options are lottery tickets. You will most likely see...
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    Buy write income strategy

    As daveyc has already said, if you buy a stock and sell covered calls at the same time this is exactly equivalent to selling cash covered puts at the same strike price as the call -- except your broker gets to collect two commissions instead of one. Unless you are a short term trader in...
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    Bernanke put the oil speculation nonsense to rest today

    Me, I find it amusing to find all the speculator hating going on here in ET. Whatever it is that you're trading (stocks, bonds, futures, options, currency, baseball cards, or whatever) you are speculating. Look in the mirror.
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    Gold is king... but taxes?

    Gold and silver are taxed as "collectibles" when sold.
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    How can a put expire ITM and still lose money?

    No, it's not for people who know everything. But really, you should know that it costs money to buy a put.
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    How can a put expire ITM and still lose money?

    That's true on the planet Zarkon, where you can buy puts for free. Come back to ET after you've learned how options work here on planet Earth.
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    Selling both Puts & Calls - Strategy idea

    What is "revcon activity"?
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    US Flag Is Racist

    What astonishes me is that parents are willing to remortgage their homes, spend their retirement money, and get deep into debt in order to send their children to universities that teach stuff like that.
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