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Timing is still key, you have to determine where you think we are in the business cycle to see if it make sense starting to employ this strategy now.

I would want to see how he does when the Chinese market corrects substantially and doesn't bounce right back. If his draw down is substantially smaller than the market's correction then he might be good but going "all in" in a runaway market is just gambling. The lack of even the most...

Well put. Just to clarify that in my earlier post I am obviously using the term "idealist" in the manner in which it is recognized colloquially and not in the neoplatonic form (which is ironically it's antonym).

The EMs are already hurting due to the weak $, a 75bp cut to save the system would send the $ reeling and in turn crush liquidity in the EMs. Careful what you wish for, in this layered and leverged global financial house of cards any sharp move can create the instability that could bring...

ZZZ you are a typically naive idealist. Communism doesn't work without force because it runs counter to the totality of human nature. Maybe one day humans will evolve to the point where a collective society will be possible but we are so far from that point, millenniums at least and I am sure we...

Bid $700K

Conceptualy the H1 visa program was a great idea but as with all good ideas greedy corporate slime balls get their hands on them and exploit them past the breaking point. At this point US policy just seems like a series of reactionary backlashes to prior policies/administrations/political...

You have no discipline mymini (which incidentally is why you don't want to work for anyone as you can't even follow your own rules let alone anyone else's) and this alone will doom you as a trader. I seriously doubt that you have made a living from trading alone for the last 7 years.

They just change the metrics by which success is measured. With enough parameters I could probably classify myself as the most successful investor in the last X years as could you no doubt and the other handful of profitable traders on ET :)

Thanks for the education guys, much appreciated.

I agree Kudlow is one of the more clueless market commentators but there was movement in Iran today, doesn't mean that it was the reason the market sold off. The low indirect participation in the bond auctions is far more likely. http://www.debka.com/article.php?aid=1281

1515 didn't hold, we will be taking out Friday's low. Stktrder, for someone who hasn't got a clue as far as the markets you sure do have a lot to say. It is an age old pattern, the greenhorn talks up a storm until they get their first taste of bad weather and then they get real quiet real fast...

Based on your posts I advised you that this was your best course of action several months ago. You do not have the emotional traits that make for a good trader and you have no patience. I susp[ect that your money management was non existent and your edge slim if any. I am pleased that you have...

Buy Goog Sell July ITM Call strike X Buy July OTM PUT strike X Net $220 per unit after commission Risk is zero right? Equity needed about $2675 with 15% PM rules $507X100X0.15-Call credit+put debit=PM required? I know I am missing something obvious here but am too much of an...

1515 is a critical level. If it holds we go back up and the dip is over. If it doesn't hold then look out for a retest of Fridays low.

StockTrdr3, don't take this the wrong way but you are dabbling in things you clearly do not understand (to equate the importance of a bubble in Shanghai with the breaking of a major technical level on the 10 year is astoundingly wrong) and have been lucky so far. Quit while you are ahead and...

You have to do it the way you suggested leg out of the old and into the new. No self rolling contract that I am aware of.

A joke thread from the ET Jester, er I mean genius? :D (just kidding around LP, I'm sure your IQ is higher than mine whatever that means) Loaded with EEM Puts and reversed my hedge and went short @1525. This was nothing more than a bounce, and a weak one at that. The sox tried to break the...

I must have made a half dozen posts on the crazy premium that the stocks in Shanghai and going for in the last few months, nice to see the finacial press finally catching on :) The pop in the yen might be augering a little turmoil to come in the markets in the next week or two. Short EEM puts...

We deserved much more after following these characters since 1999. The Finale was symptomatic of not wanting to take a stand one way or another. They didn't have the balls to end things definitively and the last episode should have been at least 2 hours and far more carefully and...