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MOC imbalances used to be free money. Man...back in the 90's when you could put in MOC's whenever you wanted and cancelled whenever you wanted it was like going to an ATM. Especially the last day of a quarter.....hell...Dec 31 each year used to be a huge day for us. Just wait until the...

To me it's a disaster strategy. They put on huge positions to make a half tick or a tick. Then as it goes against them they put on bigger and bigger positions. If they get bailed out great...they make a small profit. But the one time the spread blows out they are screwed and blow out their...

I don't get how these yield curve guys are still around. I know guys at different firms who trade the yield curve...and they all do the same exact thing. They have 60 guys at one firm...they all have on the same exact position. The guys at a competing firm also have the same exact trade on. It...

I agree...MW books are the best out there, and are probably miles ahead of Covel's book.....but his book is definitely a must read for traders. I would put it 3rd behind MW I and II.

Surf is 100 % dead on with this post. These vendors selling "Powerful trading systems...Can't lose systems.....blah blah blah" are parasites. If they were so good why wouldn't they just trade their own money, or get a firm to back them? They can make a helluva lot more trading than...

Surf's view of Trend Following is confusing. On one hand he calls the strategy flawed....buy and hold. But then he praises Covel's book as one of the best. Surf has finally seen the light recently and started trading WITH the trend...selling into sell-offs...etc. It's nice to see he finally...

Yeah...I miss old/real hockey. These days it's like watching Ice Capades. I started losing interest after the strike yrs ago....and have completely lost interest the last few yrs. Give the days of Nick Fotiu, Bobby Nystrom, Clark Gillies,Dave Schultz, Bob Kelly. Hell...The Islanders...

No one makes money directional trading????? Wow....that's a good one. Actually a lot more money is made in directional trading. The hedged/pairs strategies have become so overcrowded over the years that the profit margins have been reduced to very little. It happens in a lot of strategies. I...

Yeah. I have also heard that over the last year or so some of the prop firms have been giving their guys much bigger trading size in lower priced stocks and away from the AAPL's of the world. They get into the traders heads by saying "You can trade 200k shares of Citi (before the reverse...

Surf my good man. Why do your "reports" always turn into bench clearing brawls? It's like going to a Rangers/Flyers game from 1976.

I am surprised that more firms don't get into the futures markets. All I have heard from my equity trading friends the last few years is "these stocks suck...they don't trade like they used to". It gets worse each year. The firms they trade for are very reluctant to let them trade...

It's a major edge if your goal is to blow out your account. This strategy ends more trading careers than any other reason. "The market is wrong and I am right......I'll just keep averaging down until it goes my way".

I'll throw my 2 cents in..... Like Maverick, I don't subscribe to the whole charging a training fee thing. Back in 1992 when I started, it was unheard of to charge new guys a fee to learn. The bigger/real firms did their due diligence in the interviews and only hired the people they thought...

Surf the TREND FOLLOWER !!!!!! Glad you have seen the light amigo.

Just goes to show you how little he knows about trading. The funny thing is this blowhard continues to post on a TRADING site how trading is dead..blah blah blah. Just another failed trader/hater.

The trading floor and the pits? What year are you in...1995? I know plenty of guys from the NYSE floor....AMEX floor...SP Pits....Oil Pits......the days of making money down there have been over for years. Stick to you PE bullshit...you know nothing about trading.

Exactly. Usually when my man Surf starts chirping about their demise they have periods of huge gains. If you go back 20-30 yrs, these guys by far way outperform most others. When they bounce back in June Surf will insert his foot back into his mouth.

Surf surf surf..... When judging a trader/fund one can not cherry pick and take one small time period. You have to look at the big picture. A lot of these funds had a very big April. If Dunn did lose 10%, they gave back most of the 12% they made in April. Is that good? Not really. But...

The movie was a fluff piece. Left out a lot of the important parts of what really went down. This HBO movie actually made Paulson out to be a good guy. They should have covered his past at GS a bit, or at least mentioned that he was the leader of deregulation on Wall St when he ran GS. That...

God are you so full of shit. I don't know where to start. 1) Rearden was one of MANY guys who did GREAT while daytrading at Schonfeld. The problem is, fools like you started during the boom/easy days and never correctly learned how to trade. There was a period of time when all one had to do...