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Easy. With no shorts in the market, guess who's NOT buying to cover on the way down?

Wouldn't be right to post my best day and not my worst. Everything went bad today. A good chunk is from illiquid swing positions in the absolute worst sector.

Thank about what'll happen if the market sells off and there are no shorts to cover. The government has succeeded in removing all kinds of players from the market. Things are so thin out there, it's crazy. If things slide, the ranges and volatility could be eye-popping.

Echotrade rejected our short orders with no notice. That is ALL shorts. I definitely did not want to be long only and had to cancel all my orders at the last second. Me, Shreddog and PatrickQ woulda all been up 500 to 850k according to our spreadsheet calculations. With the ES locked...

Had to post on a day I more than doubled my previous record. $198,000 on 585,000 shares. As we say in the Ass & Tool Society, "That's tits!" (.) (.)

I rarely post here anymore, but wanted to today because I achieved my #1 trading career goal since I started. Today I passed $1,000,000 net for the year. Not putting it out there to brag or anything, but in the spirit of encouragement for others striving for their goals. I've had the good...

If you're trading a big list of stocks, that's the kind of mistake that can take you out permanently. This strategy gives you enough rope to hang yourself 100x over.

IB doesn't think account holders want or need, or should know this information. Despite repeatedly asking for a breakdown of ecn charges and rebates, they won't provide it. You also can't get a simple tally of how much volume you've traded for the day- you have to export to excel and sum it...

I'm still trading this strategy, and still making money at it. The key though, as mentioned, is some heavy tweaking to the traditional method of doing it. But I still do some of that too, old school manual trading. The bigger key, imo, is to be very very good at catching the news. I...

I agree. You can't mechanize all discretionary trading. I do some discretionary trading, but I actually count that as a separate strategy and break out the results individually. I do this to track my progress and see if I'm any good at it. If things are going good, I'll up the size, if not...

IMO, the op is wrong. Personally I work hard to remove as much discretion from my trading as I can. There is no discretion in how a machine works. It does as it's programmed to do. That's how I want my trading to be, execute like a machine. As long as you have a positive expectancy system...

Anyone who's truly a "S&P Expert" would be making a good living trading, not working as an employee of some company and holding the title of equity analyst. Like that saying, "Those who can, do. Those who can't, teach". In trading it's "Those who can, trade. Those who can't, tell others...

One of the toughest parts of this strategy is the losses that get out of hand instantly and for much much more than you bargained for, usually on news you missed, sometimes for no apparent reason. The first few minutes of the day is the most volatile, slippage can be horrendous. Sometimes...

Libor is a number that is compiled by the British Bankers Association. It's not a reflection of rates in Britan. For the US dollar, 16 international banks, including JP Morgan, Citi, and B of A all report the rate they pay to borrow at, and it's aggregated and published as the libor rate...

I subscribe to an institutional research report written by a well known analyst with decades in the credit markets. He called that article today the most stunning he's ever seen. The implications for the credit markets, which are still extremely unstable, could be massive.

I have mentored and the deal was a 50/50 split of net profits until the trader had made his first $100k (50 for each), then he is on his own. There's got to be enough starting capital that the potential gains are worth my time. If the trader is smart and dedicated, I would expect him to be...

I don't know what to tell you about the trade you're in, but if you are going to keep trading, memorize this advice and chant it reguarly until it's ingrained in your psyche. The three goals of trading, in order of importance: 1. Protect your capital 2. Earn consistent returns 3. Earn...

I don't trade these products but am looking at this spread and need some help from some experienced traders in these markets. I'm looking at the yield on june ff and eruo$, the former is currently 1.86% and the latter is 2.49%. Yet when these contracts settle in June, won't they be nearly...

Good discussion on this trade here: http://seekingalpha.com/article/68064-arbitrage-opportunities-with-oil-etfs

Western Canada is the last hold out for crazy price appreciation. Edmonton house prices have already slipped, but it's a panicked buying mania next door in Saskatchewan. I just sold my 2000 sq foot bungalow for $700k, $40k over asking price. I paid 530 for it 18 months ago. Average year over...