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  1. schizo

    Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates

    Unless it morphs into something else that the antibody thought it fought in the previous battle but clearly cannot remember this time.
  2. schizo

    Margin Call Lawsuits Expected to Spike

    Well, technically, you should not receive a margin call if your broker has a stringent risk management protocol. However, you will be pleasantly surprised to know how lax this is among different brokers.
  3. schizo

    ES Journal - 2019/2020

    If OPEC and others are colluding to cut supply, we should see a spike in oil price.
  4. schizo

    Oil contango and storage cost

    Avoid Contango and only invest in times of Backwardation. But are you a hedge fund manager? If not, then who cares?
  5. schizo

    ES Journal - 2019/2020

    Roman Empire came crashing down for this exact reason. The once mighty British Empire fell to its knees for this exact reason. Must we repeat history all over again?
  6. schizo

    ES Journal - 2019/2020

    Another great classic IMO (and the title, so befitting our times!)
  7. schizo

    IB trader workstation worth learning ? or piece of junk ?

    Their chart is definitely a POS. The worst in its class.
  8. schizo

    ES Journal - 2019/2020

    @Overnight likes this poppy version :p
  9. schizo

    Who else is an admirer of the world's preeminent day trader: Davey Day Trader aka Dave Portnoy?

    Oh, I didn't know zombies could also be sarcastic. :D
  10. schizo

    ES Journal - 2019/2020

    You have a choice between taking a "red pill" that reveals an unpleasant truth or taking a "blue pill" to remain in blissful ignorance...well, for the next 3 months. You can go bankrupt now, or you can go bankrupt in 3 months. What would you like, the red pill or the blue pill? BTW I love that...
  11. schizo

    ES Journal - 2019/2020

    Missy "How dare you" is, dare I say, correct.
  12. schizo

    Margin Call Lawsuits Expected to Spike

    No wonder they got delisted. Shady business. :thumbsdown:
  13. schizo

    Margin Call Lawsuits Expected to Spike

    Your broker is doing the right thing. They're supposed to issue a margin call before your account ever reaches $0. They should get you out of the position when the balance reaches the risk threshold. For example, with CQG, they will automatically liquidate your position when the overall account...
  14. schizo

    ES Journal - 2019/2020

    When Morgan Davis, a furloughed clothing designer, called Wells Fargo to ask for help with her FHA loan about two weeks ago, she was offered to suspend three payments without penalty – three months of forbearance. “But at the end of those three months, all my mortgage payments would be due at...
  15. schizo

    Oops

    It doesn't matter if the contracts move in lockstep. Currently, the volume for CLV20 (October contract) is so paper thin, there's nobody on the other side to take his trade. See the chart I've posted above. My advice: if you want to trade the really deep back-months, go with crude oil options...
  16. schizo

    Margin Call Lawsuits Expected to Spike

    Actually, there's what's called "Risk Management Program for futures commission merchants". It's a bunch of legality applied to FCMs. Risk Management Program for futures commission merchants: https://www.law.cornell.edu/cfr/text/17/1.11 Needless to say, FCMs must adhere to the rules that...
  17. schizo

    Oops

    Only reason why the spread is so wide is because of low volume. Look at the chart below. There's hardly no action. Why would you even consider trading it? Unless, he's absolutely sure the price will advance higher until October, it would be impossible to get out without a major slippage.
  18. schizo

    Oops

    I knew it all along. This guy is a flake. :fistbump::fistbump::fistbump:
  19. schizo

    Oops

    Dude, not for CLVM!! We're currently trading May contract. He's trading the October expiry.
  20. schizo

    Oops

    Oh, I get it. He must thought futures was like options! He thought he was deep-out-of-money options. Man, you are toast.
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