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I have heard of Man Financial of course. I did not know that MF was out of Bermuda. One of the articles implied that the trader was out of Bermuda. I still don't understand; this guy was an independent trader who slippped thru margin, a prop trader for MF global, or an employee. The first...

Hey there, I notice your calls on range expansion is usually about a day early. Curious if you scale into your positions or go all in once you establish a position. Good trading.

Mr Dooley, a former Refco trader who joined MF Global in November 2005, racked up the losses trading in his personal account. Unlike other customers, he was allowed to exceed normal buying-power controls because the company had raised limits for internal traders on certain desks. That Mr...

Yeah that is the largest spread I have seen on the spy in a while except for fed days. Good advice Jeff, how do decide stop placement and targets, do you use 50%?

out 134.35. may have seen the low.:confused:

Long spy 134.20 tight stop.

I love trend days. Money looks to be on the short side still. Let's break those lows.

You have to be careful buying these breakouts on days like this, it is often a trap. Nice call on the short side Apex.

out 134.61 don't want to get burned on short covering.

short spy 134.70 tight stop.

I always love the reporting. I read the first article that came out. Looked like the press release. Now everyone who f**ks up is a rogue trader. I love how everyone just buys the story, no one says WTF. Blame the volatility, it doesn't mind.

Watching the QQQQ's for a scalp, Dell is rallying. took a short on qqqq at 43.95 covered at 43.80 for a scalp.

Another cautionary tale on risk management. http://www.marketwatch.com/news/story/mf-sinks-after-unauthorized-trades/story.aspx?guid=%7B14CEA434-5F93-440F-9F13-D485C93AA721%7D

What's a registered representative?

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I was thinking 1360.00 but yeah. Short from 1378.00 the spot to short. Good trading.

OOOOPSSS!! This sounds like SocGen, you only hear about this if it goes the wrong way. How come Joe retail can't over trade like this. Its like magic how the people who work for a company can override those pesky risk management systems. The market is an endless source of entertainment. Welcome...

out 138.30 -.15.

long spy 138.45 tight stop

Wow that is a moonshot. So what is your outlook profitlogic, congrats on your trade.