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  1. J

    IB raising margin every week?

    That is a major jackup by CME Group for YM margin. Before this YM always had more leverage than ES. 16.2% margin for YM to contract value. 14.2% margin for ES to contract value.
  2. J

    BioComp Profit 8 - Trading the ES

    Considering that the low of the day was 816.75 and your system was long from EOD 11/11/08, MOC orders are the least of your worries with this trading system. In the 4 trades so far I see way too much risk for the return. Let's see what the next 26 trades are like.
  3. J

    Saudi's bought $3.5 BILLION worth of Gold in LAST 2 WEEKS

    Total nonsense. Tulving.com has 1000 oz bars of silver for $0.59 over spot (about 6% premium).
  4. J

    How do Hedge Funds pay 15% tax?

    It is the "carried interest" tax break.
  5. J

    Saudi's bought $3.5 BILLION worth of Gold in LAST 2 WEEKS

    Big demand for gold in Saudi Arabia: "RIYADH: Police arrested a middle-aged Saudi man who robbed 15 kilograms of gold from a jewelry salesman in the Naseem district of Riyadh on Saturday, press reports said yesterday. Officers tracked the suspect to his home in the district and retrieved...
  6. J

    Whos Order is THAT at this time

    Jérôme Kerviel started a hedge fund to trade the ES overnight.
  7. J

    HF Liquidating... Down -83.3%, "But at least it's orderly, not a blow-up"!

    But that leftover toxic waste is hard to sell.:D
  8. J

    how to disable antivir update popup ?

    Just update the virus definitions every day or you can be first on your block with a new virus.
  9. J

    Guys, is something up with MF Global?

    Why play with options when you can buy or sell the stock for 2.50? The chart for MF looks like a death spiral.
  10. J

    are the exchanges open tomorrow?

    http://www.cmegroup.com/tools-information/holiday-calendar/index.html
  11. J

    The Other Niederhoffer Up 50% This Year

    Coppering suckers' bets is an age old way of making money. :D
  12. J

    Possible default in December gold??

    What percentage of expiring COMEX gold contracts result in delivery? I doubt that even 20% of the current open interest will want delivery. Traders trade gold futures because they want to speculate on the price movement, not because they want the actual gold. Anyone who wants actual gold in...
  13. J

    The Other Niederhoffer Up 50% This Year

    From the New York Times Nov 10, 2008: "Roy Niederhoffer, founder of R. G. Niederhoffer Capital Management, whose more famous brother, Victor, made and then lost a fortune trading, is up more than 50 percent. To predict how investors will behave, Roy Niederhoffer, who majored in neuroscience...
  14. J

    YM is 171 points above fair value now!

    No problem.
  15. J

    YM is 171 points above fair value now!

    What YM data are you looking at? Over past 10 trading days YM has average daily range of 505 points and over past 20 trading days it is 622 points.
  16. J

    Possible default in December gold??

    Probably because it was a minor event. "The settlement price on expiry of the contract was Rs 9,622 for 8 gm (including the making charges of Rs 200 for 10 gm). Open interest on the expiry date was 11,839 coins, of which 10,908 coins (about 92 per cent) went into delivery, while the others...
  17. J

    Zero Interest At IB

    With actual Fed Funds at the 0.23% level for 5 days IB customers are getting zero interest paid on their cash. Sure would be nice to have money market funds available.
  18. J

    MAX. Contract size on ES

    Answer #3 has it backwards. You get your sells filled without slippage in an advancing market and your buys filled without slippage in an declining market. In those situations, if the market is moving fast enough you can get slippage in your favor.
  19. J

    BioComp Profit 8 - Trading the ES

    The trade went 42.75 points against you before you netted your 15.75 points. Is this typical for this trading system? From just the first trade, I know I don't have the stomach or risk capital for this system's style of swing trading.
  20. J

    Another reason NOT to have Mutual Funds

    Just be patriotic and pay more taxes. Or take some capital losses to offset the capital gains.
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