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  1. R1234

    Does anyone really think the Fed will cut 50 basis points in July?

    I personally think the Fed might cut starting with 25 bps, not because of Trump's pressure but because they are seeing strong signs of an imminent recession commencing in Q1 or Q2 of next year. Just look at important economic indicators such as the Leading Economic Index, Real Retail Sales...
  2. R1234

    What would you tell your 18 year old self about trading/investments?

    age 25: scrape together enough $ to buy a single family dump of a house and move in. Fix it up, rent it out and move on to the next fixer upper, repeat process every year. By age 40 you will have a nice portfolio of 15 income producing properties which will come in handy when the corporate world...
  3. R1234

    Is the US really a time bomb waiting to happen?

    might I ask the nature of your business?
  4. R1234

    Suddenly classified as Professional for market data purposes?

    TD Ameritrade took away my real time data a couple of months ago.
  5. R1234

    Do you have less than 5 years trading experience … then you need to talk with me

    Over the past 20 years what has been your CAROR and Sharpe?
  6. R1234

    Is it possible to make money from a penny stock worth 10 cents or less?

    I did some analysis on this a while back. It is very hard to pick bottoms in penny stocks based purely on price/technical history. A penny stock that screens as having a momentum breakout will likely not have follow through. Run ups can be influenced heavily by manipulation or a 'pump' phase of...
  7. R1234

    How come there are no Commodities Corp today?

    I remember interviewing at their office back in 1996. I believe they got bought by GS shortly after. They were concentrated in bunch of trend following CTAs and we all know how that went.
  8. R1234

    13 Hospital Bankruptcies in 2019 State By State

    If one of the Dem candidates, eg Kamala Harris or Elizabeth Warren made that their main agenda I might be tempted to vote for them. This current system we have is basically government condoned FRAUD
  9. R1234

    The Slumping South

    Can't read the article because it is members only. But I can't imagine they are painting the entire south with a broad brush. States like NC, TX, AZ, FL and several others have growing economies + populations when several of the Northeast states are actually shrinking both economically and...
  10. R1234

    Tail risk as a trading edge

    The verbiage about 'volatility expansions' and trading 'tail risk' appears to be mostly marketing bullshit. The track record is highly correlated (~0.7) to simplistic trend following.
  11. R1234

    David Harding (Winton) Interview

    I like Harding's candor and honest answers. Pleasure to listen to. The interviewer though is a bit weird and intense for a Bloomberg interview.
  12. R1234

    Winning $20 M Won't Make You Happy

    with $20m I would quit my business and travel the world for the rest of my days...that would make me happy.
  13. R1234

    A strategy that only works on certain currencies?

    on a side note, when you backtest forex do you account for the rollover swap rates? For example if you are long $10k of USDMXN you get debited about $2.00 or if you are short USDCHF you get debited about $1.00. For this reason I prefer to backtest on backadjusted CME currency futures where it is...
  14. R1234

    Pair trade take profit in TWS

    buy 1 contract = $2.25 sell 1 contract = $2.25
  15. R1234

    Pair trade take profit in TWS

    ok my bad. TOS is a bit pricier than IB for futures $2.25 per side. They have all the months and you can do any month offered by the exchange. For example one of my positions is GEZ20-GEZ21 calendar.
  16. R1234

    Pair trade take profit in TWS

    i do most of my spread trading in thinkorswim. But I used to do it in TWS a couple years back so my advice is going from memory and could be off...on the Portfolio window right click on the spread position (not either of the legs) and there should be an option to close the position. Then in the...
  17. R1234

    Pair trade take profit in TWS

    Not sure how your PNL can be moving if the bid/ask is static. What market are you trading? Yes, you can enter a profit-take limit or a stop loss on the calendar spread's price.
  18. R1234

    Help with a complicated Tax issue from 2017/2018

    Contact GreenTrader CPA, they are well versed in this type of thing. In the past I have used their affiliated attorney on a couple of occasions.
  19. R1234

    California Population Growth Lowest In History

    The jobs and businesses are being taxed out of existence.
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