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What is the flat fee? Your taxes are capped at 100k?

I disagree with this. The US is taking a backseat now to the ECB which is distorting curves all over the world. The reason our 10 years are not upticking is because Bund yields are still flat to negative. Our FED is letting QE et al roll off their balance sheets. Talk to any bond trader and...

In a perfect world, sure. Instead what we have is very little inflation which is giving a bid to bonds which in turn gives a bid to the dollar which puts pressure on emerging markets and copper. The US is the best house in a shitty neighborhood. So our markets are getting a premium for being...

Correct. Think of long risk as long growth. Anything product that is associated with a growth rate is a risk asset because it's value is derived from estimating future growth. If that estimate gets reduced then you have to reduce the value of the asset through the discounting or present value...

I find it comical that the AVG ETer who paper trades and makes billions on sim accounts is criticizing a guy that has put his own stack on the line for 40 fucking years. The dude looks bad? He is almost 70 years old! Goddamn folks, seriously? This message board is nothing about whiners. You...

Very entertaining. Thanks for posting. He reminds me of a lot of Chicago floor guys.

Sorry Rob, we didn't. LOL.

Generally speaking, the more stable the volatility, the better for ACD. Since ACD uses vol in almost every aspect of it, having stable vol is important. When vol is no stable, there is a major lag in it's adjustment. It will adjust, it will just take time. Spreads tend to have relatively...

Dude, widen your targets. LOL.

Huh? Ten percent or one percent? One percent is .70. That's half the daily ATR. LOL. It can do that in one 5 min bar.

I score my NLs different than Fisher. My NLs get punished for where they close.

Kind of a double edged sword here. I know a lot of retail guys that would have been more then willing to sell those spreads for .30 3 days ago. They are 2.80 today. That's a bloodbath. People still need to know what they are doing.

No secret sauce. I only use DITM options if I'm trading something with no liquidity. The MMs will always give you a synthetic fill. Example: say stock XYZ is trading at 56.35. The options have ZERO liquidity. If you bid 6.45 for the 30 day calls, you will get filled even though they are...

The market always pulls back to some level, the question is how patient are you willing to be. It's not hard to get a pullback to the weekly level. But also, this is one of the reasons why I follow a lot of markets. Too many traders focus on one product and that forces their hand. They don't...

That's a good way to start. I should mention I almost always enter at failed levels. I let markets come to me. I don't chase anything. But yes, you should incorporate all the various macro time frames.

Let me give a sports analogy. I watch a lot of baseball. Take a relief pitcher for example and more specifically a closer. You could say he is a swing trader. He comes into games maybe once every 3 or 4 games. Sometime it might be a week. But he is really a daytrader. Why? Because while...

Markets are always moving. I'm always adjusting positions. Most of my trading is option based. Vol levels are changing, spreads are moving, etc. My core position is a long term thesis. For example, I'm very long Oil. I have option spreads across many different months and strikes. I'm...

All my trading is intermediate to long term. You still have to put in the time.

The backwardation is insane right now.

https://oilprice.com/Energy/Oil-Prices/Explaining-The-Double-Digit-WTI-Discount.html Explaining The Double Digit WTI Discount By Nick Cunningham - May 31, 2018, 6:00 PM CDT Global oil benchmarks are suddenly heading in different directions, upending what have consistently been close linkages...