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Stat vol in ES printed 5.90 yesterday.

The Euro continues to run. Breaking through the monthly A up. Pulled back nicely to the top of the QTR A up and bounced.

Love the supporting evidence. You sold me.

Huh? Who is saying that? You are confused. I'm simply saying globalization IS the reason for the deterioration of the middle class. You can't retroactively go back and take away the trillions that have already been accumulated. Once I fuck your wife and get her pregnant, I can't...

The fact that the Chinese are driving up home prices in Vancouver is not hurting most Canadians. When you look at real wages in Canada compared to the US its a joke. Also, when you look at transfer payments it's not even remotely close. I'm not advocating for socialism, but if "missed" the...

Furthermore, the US is not even remotely close to being a protectionist country. Where does this shit get started? On MSNBC chat boards? We manufacture almost everything in this country oversees. Seriously, what do we make in this country outside of fast food? I'm all ears. People throw...

Not sure where you are getting this idea. One of the main factors of globalization is the exporting of labor and hence lower US Wages. The US has become a purely capitalized society where wealth is predominately accumulated through assets, not labor. This is not true of most other G10...

Fair enough. I recall you mentioning some formula you use to determine the # of contracts based on the size of your stop.

You stated on the ES thread that your risk is the same on all positions as a % of your account. Your stop width thereby dictates your size i.e a 1Pt stop will be a larger position then one with a 2 pt stop. Why would you abandon that for this thread? And honestly, crude oil requires 10 times...

https://www.elitetrader.com/et/threads/cl-journal.309168/page-4#post-4451553 I stand corrected...3.23.

The thread is over 3000 pages long and spans 8 years. There are plenty of calls there although that is not the purpose of the thread. I'm not going to hold your hand and walk you through them. I'm proud to say we also have the highest quality traders on this site there. The door is always open.

Bottom picking is a terrible way to make a living. BTW, he is still negative on this journal. His last position had a $4 stop (smaller position then the first two). He lost 2% then another 2% and by the distance of his stop, he is only up 2% so far on this one. He is still down.

You missed it? No, it's a two part movie with Richard Dreyfus playing Madoff. It was actually pretty good. They are replaying it now. I'm sure you can DVR it. Part 2 is tomorrow night.

Madoff Part 1...not bad.

Buy and hold works too...

1) Of course. The issue is not the positive return. The S&P 500 has returned on avg 9.5% a year the last 100 years. Anyone can have that return if they choose to passively hold long term. The S&P 500 is not an edge. Nor are holding long bonds or selling puts. The put seller does have some...

There is a difference between an "edge" and "risk premium". A put skew is an example of risk premium in the market. Option sellers are getting this risk premium at a long term cost. It's not an edge. It's analogous to the yield curve. When you buy longer dated bonds you are not getting this...

I'm going to copy my comments from another site I had regarding the low VIX and why it's going lower: Some more comments regarding the VIX. Before one attempts to buy the VIX anticipating some mean reversion or higher vol conditions, it's important to note that index volatility is not the same...

I'm looking forward to the two part Madoff movie tonight on CNBC. It will "help" me come down off the "Billions" high slowly. And next Saturday the Robert Deniro Madoff film will be on HBO.

I'm going to write a post this weekend explaining what I think is going on and I'll inject some math into it.