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I think that trying to follow room calls for the purpose of day trading the minis is a waste of time, it never works. Newbies can find value in some rooms that teach but shouldn't spend more than a couple of months in any room learning the purported edge. In response to the OP, how many ES...

This market is for people who know how to day trade volatility, most don't. If all you know how to trade is low volatility trending markets then you will have to be patient and hold on to your capital until that market state returns (could be a while).

Maybe if you had saved some of your winnings you wouldn't have to be at a prop firm. I just love all these young punks that scrape togetther a few hundred k, think they know it all, and start living large. Lesson for you all here, save your winnings or you will have to spend your days with fat...

Just to clarify I certainly do not suggest war as a solution to this economic problem as some have suggested. I just want our economic team to stand firm on insisting that the Chinese allow their Yuan to float and give the US the same access to its markets that China enjoys in ours. At some...

Out PMCS +.55

Time to call their bluff is now. The stronger their economy gets the less of an impact the US economy will have on theirs. We need to call their bluff and deal with this now while we still have the relative economic clout to do so. If we don't their $ surpluss will continue to grow and the...

Bought PMCS for the CSCO play today, just saw that it has a large short position. Could be in for a squeeze in the AM.

I guess the Fed wasn't persuaded by Cramer's impassioned plea :)

Out GS 190 Calls at 6.10 +1.60.

Given the way you have berated people in the past you might show a modicum of humility when price action has proved you wrong. If you can manage it a touch of grace in congratulating the OP on his trade would show you to be a bigger man than your posts to date would suggest.

How anyone trades size in this level of volatility without being hedged is beyond me. Bidu didn't perform but at least EEM didn't rally too much. Back to green on the GS and AMZN hedge and holding until I can figure our what direction we are going or profit targets are hit. Good luck all.

Yes major fear and panic when we are back to where we were a month ago with many high fliers back to where they were just a few days ago. God forbid that we should retrace back to where we were two months ago, that really would be armageddon. History repeats because experience can not be taught...

It gets worse as I also have calls on Bidu and AMZN that are underwater. Altogether I am down 127K on those and my GS calls. The reason I'm not sweating it is because I am UP 640K on my EEM puts alone. I was/am looking to protect my EEM position from a significant bounce or a run to new highs...

LOL yeah down $48K on GS, but I'm laughing, wonder why?

Thanks. By the way I got your book a few days ago and so have only had a chance to peruse it but it looks good and useful, thanks. Going to give it proper attention this weekend.

Looks like I was a little early but still holding. I smell a market rally this afternoon but if we are still trading around here by the last hour I'm out.

I laughed at Dan Quayle sir and I can tell you Obama is no Dan Quayle, he isn't nearly as funny (infact downright scary with some of his big government plans, sure to sink what is left of the US economy after the waste and spend Bush admistration, Obama's healthcare plan would be a complete...

The current market environment is not based on valuation but liquidity and supply, has been for the last several months. Valuations haven't changed but liquidity has.

I picked them up for ~4.50 and target is 6-8 which I expect will be hit tomorrow.

No, not referring to you. No position in crox, eventually will look to get short but not yet.