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  1. mervyn

    do not trade index futres.

    for cl, yes, buy the dip yesterday and out by open this morning.
  2. mervyn

    do not trade index futres.

    no it is random color, just clicked 6.75 points on nq with 5 lot in the blink of the eye, no thoughts, just because the bar was red.
  3. mervyn

    do not trade index futres.

    index trader means lever up and gambling on the chart color, go big or go home
  4. mervyn

    The ‘walking route’: How an underground industry is helping migrants flee China for the US

    who is the cartel behind it? cnn doesn't want to investigate, a human story is easy to bring tears.
  5. mervyn

    Asian Financial Crisis Part 2: China's Debt Bomb

    doesn’t matter what ccp evolves, they are at the same place as soviet/russia, a global competitor in the eye of others. brit and french were in a war for centuries, same thing. the difference is now they learn how to print money from us to pile money into certain industry to overwhelm certain...
  6. mervyn

    Asian Financial Crisis Part 2: China's Debt Bomb

    they are not a country, they are a civilization. At worst they will change the government but equally anti-us, what the point.
  7. mervyn

    do not trade index futres.

    Do swing trades with big account first, leverage comes second. TPO is my favorite, don’t rely on VP much, most of the volume are algo generated. Price action I never get it, counting bars is too much.
  8. mervyn

    Saudi Aramco said it would cut crude prices to all regions - biggest cut in 13 months

    i am not greedy, a buck is 1k in green, target at a buck and half.
  9. mervyn

    Saudi Aramco said it would cut crude prices to all regions - biggest cut in 13 months

    4% red so it is a burger of sort. bought july contracts at 71.18 this moring, expect at least 2% bounce this week.
  10. mervyn

    Asian Financial Crisis Part 2: China's Debt Bomb

    debts are nothing, it can be inflated out or grow out. moving away from real estate may take sometime, particularly there are limited demands from overseas for its manafactured goods due to the wars. byd just passed tsla in ev last quarter, corporate earnings function expands but multiples...
  11. mervyn

    The US is now in recession

    Regardless of the headline number, underlying data from the report painted a bleaker picture: while the monthly nonfarm payrolls from the Establishment Survey indicated modest growth at 216K, the Household Survey showed a sharp decrease of 683K in the number of employed workers – the largest...
  12. mervyn

    Costco Says It’s Sold Over $100 Million in Gold Bars

    i buy golds from a chinatown dealer, a good gent, if pay cash, no tax. they use tael instead of oz. anyway i only buy physical gold when i have excess cash, and spot gold at a lower monthly bollinger band, no gc contracts for me.
  13. mervyn

    Trader Makes Massive Bet Treasuries Will Get Slammed After Jobs Report

    The 10yr yield is at 4.05, up 1.22%, sure they could close the positions without hitting the target but still make some money, just not full amount.
  14. mervyn

    Troubled China Shadow Bank Zhongzhi Files for Bankruptcy-revealed a shortfall of $36.4B in Nov

    none, anyone dares to challenge xi machine is a daydream.
  15. mervyn

    Troubled China Shadow Bank Zhongzhi Files for Bankruptcy-revealed a shortfall of $36.4B in Nov

    owners and controlling shareholders will be in prision, as they should be, unlike sackler family here.
  16. mervyn

    Traders of the Year: Nancy Pelosi, up 65%. Rep. Brian Higgins, +239%

    Futures is different animal, I wouldn't be surprised to make xx times returns. Even today cattle futures margin is only $2450. Go to ES journal and see how much folks are making/losing there.
  17. mervyn

    AMP and Teton

    never had problems including yesterday, perhaps just few were affected.
  18. mervyn

    Traders of the Year: Nancy Pelosi, up 65%. Rep. Brian Higgins, +239%

    Paul does just one strategy, deep in the money leap call with no hedge. His stocks are typical large tech, nothing unusual just his position sizing is beyond the average americans. I saw a screen grab from a billionaire "retail" trader yesterday, 999 put on AAPL 180 expiring Jan 17, pocketed...
  19. mervyn

    ES Journal - 2023/2024

    closed all shorts at 20 ema.
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