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  1. bone

    Could there be a insurance company default because of the Coronavirus?

    What was your doctoral thesis? I ask because you present yourself as a macroeconomist.
  2. bone

    Trading Technologies allows aggressive Limit Orders?

    That makes no sense to me at all. If it was a Buy order at 200 it would be filled and you would have an open position with a marked P&L. You obviously would not be filled with a Sell order at 200. Is this SIM or a live market?
  3. bone

    Trading Technologies allows aggressive Limit Orders?

    I've been using TT for decades and I don't really understand this question. But yeah, even a "partial" fill is an open position subject to a P&L mark. Doesn't really matter how you got there, you have risk on.
  4. bone

    Could there be a insurance company default because of the Coronavirus?

    So are you claiming that it was your idea for the UK Pension System to buy corporate paper? Which of your novel ideas did the UK government adopt at your behest? Were you on the Blair Task Force? Or are you just claiming credit for something that the UK system has already been doing? Where...
  5. bone

    Paul Singer's Elliott Management moving headquarters to Florida

    Ouch. From the OP's article: "Elliot is the latest financial executive, including billionaire hedge fund managers Paul Tudor Jones and David Tepper, and activist investor Carl Icahn, who are decamping from the Northeast for Florida which boasts lower taxes." So apparently a bunch of these...
  6. bone

    The original retards of trading: LTCM

    Newton was flying high until Einstein came along and published a paper in 1905.
  7. bone

    The original retards of trading: LTCM

    Yeah, they mistook leverage for genius. Rinse and repeat in 2008.
  8. bone

    AstraZeneca shares turn negative - trail volunteer dies

    The deceased DID NOT TAKE THE VACCINE. Brazil's Health Authorities overseeing the trials recommended that the trial continue. https://www.bloomberg.com/news/articles/2020-10-21/astrazeneca-dips-on-report-of-brazil-death-in-vaccine-trial
  9. bone

    New York Times report on Trump holding an account at a Chinese bank

    Technically those funds in the Trust structure are under the management of the two oldest Trump sons and the Company CFO. When Donald Trump asks for and is granted a funds withdrawl - then that is taxable, reportable income.
  10. bone

    New York Times report on Trump holding an account at a Chinese bank

    17 Million - that's Joe Biden money, not Donald Trump money.
  11. bone

    Can you use unrealized profit from a Limit order to open more positions in an account?

    That's a great point. You can also use scales to move in and out of a winning position. Adding to winners is how the real FU money gets made. At least from my experience, one of the problems with adding to losers is that the original trade idea gets thrown out the window and it devolves...
  12. bone

    WTS not paying

    This is why Canada has the Court System. Sue them, because Canadians get to recover Court Costs and Legal Fees for this type of litigation.
  13. bone

    Can you use unrealized profit from a Limit order to open more positions in an account?

    As a footnote, until you "realize" your profit (close it), your FCM will not allow the entire positive open position MtoM equity to be used as margin.
  14. bone

    VIX is moving

    ZeroHedge was talking about a whale who bought 360,000 VIX Puts this past Friday. He does alot of OTM stuff that's mostly worthless but he hits some giant winners on occasion. Word is he made something like $2.6B in February being long OTM Calls.
  15. bone

    Can you use unrealized profit from a Limit order to open more positions in an account?

    That's why adding to winners on a position that's marking up positive account equity is such a powerful tool. And conversely, it's why adding to losers just compounds losing.
  16. bone

    Could there be a insurance company default because of the Coronavirus?

    Your understanding of the securities held by US property and casualty insurance companies versus US pension funds is wildly incorrect. Since you are a self-described macroeconomist so stuck in with government pension plans I'm shocked. :confused: About 35 percent-ish ish of US pension fund...
  17. bone

    Could there be a insurance company default because of the Coronavirus?

    If you tried charting the top property/casualty insurers the answer is obvious. BRK.A looks fine, AIG took a big hit in February but it's recovering, MET took a big hit in February but it has gained a good portion of it back, ING has come off quite a bit since 2018 - took a big hit in February...
  18. bone

    Help me understanding this "paying for order flow" business!

    Well, there used to be quite a bit of duplicative listings between regulated futures exchanges in the late '90's and early 2000's in an effort to poach business from each other - mercifully this amounted to nothing and the exchanges stopped this circular firing squad nonsense.
  19. bone

    Help me understanding this "paying for order flow" business!

    Generally speaking, US regulated futures exchanges consider PFOF to be an abusive market practice. There are a couple notable exceptions for good operational reasons, but nowhere close to being as pervasive as the stock exchanges and it's not really the same thing as just selling trades to a...
  20. bone

    Bitcoin custody for futures abitrage

    I used to trade the Treasury Basis, and you'll need more than just the underlying in your account in terms of margin.
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