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  1. bone

    what if I don't have $40,000 min income to trade futures with interactive brokers

    Learn to spread trade - the margins are way less. For example, you get an 85% performance bond margin credit for trading the first month crude oil versus the second month crude oil. Look at the 'performance bond margin' section for any exchange's contract specs. In the bond margin...
  2. bone

    Best state to form a LLC?

    There is no tax advantage to trading under an LLC. You can claim the same deductions as a sole proprietor. You form an LLC to shield your personal assets from tort litigation claims. Seriously. You want a lower tax bracket? Trade futures instead of stocks. 1256 Blended Capital Gains.
  3. bone

    anyone daytrade the ZF (5 YR Note)? It seems pretty weak

    Good Primer: http://www.cmegroup.com/trading/interest-rates/files/TreasurySwap_SpreadOverview.pdf June Ratios: http://www.cmegroup.com/trading/interest-rates/files/ICS-Ratios.pdf Again, some caution - newbs can get way way over their head in a hurry here. Mistakes are expensive with...
  4. bone

    anyone daytrade the ZF (5 YR Note)? It seems pretty weak

    "fixed income trading by the largest investment banks- this is exactly what they were talking about." That is a fact. They are all monster spread traders - even when they are making markets in exotics, they are laying off the risk and collecting the spread differential. I know guys at a...
  5. bone

    The S&P has topped !

    You still have a very intact trendline channel - too soon for the bears to be declaring victory. You need some legitimate technical price action to justify calling a top.
  6. bone

    Commodity that is MOST pegged to oil price?

    Outside of the energy complex as of Friday's close it was the Goldman Sachs Commodity Index and the Canadian Dollar. ( Nymex WTI April Contract )
  7. bone

    Brent/WTI & Libya

    April Nymex WTI vs. April ICE Brent: Nymex WTI April-May Calendar Spread:
  8. bone

    Crude AH

    April Future: April-May Calendar Spread:
  9. bone

    anyone daytrade the ZF (5 YR Note)? It seems pretty weak

    "I would suggest you find some good introductory material on trading the yield curve." X 2 Careful there, cowboy.
  10. bone

    we now have a 100% gain under obama leadership.

    Two years into his Presidency, the economy under Ronald Reagan added well over 5 million jobs. (and that was thirty years ago, when interest rates were over three times what they are now, Arab Oil embargoes, and hyper-inflation). Two years into his Presidency, the economy under Barack Obama...
  11. bone

    Pros and Cons: LLC vs S-Corp

    No, you want to stay with a single member LLC if you can help it. With a multi-member LLC, you have to name specific individuals holding LLC ownership and you have to name corporate officer positions in your registration along with their roles. Illinois at least wants you to state their...
  12. bone

    Pros and Cons: LLC vs S-Corp

    "Also the IRS looks at a single member LLC as simply gaming the system, they can say your a sole proprietor." I would have to politely disagree. As a sole proprietor, you can take the same deductions for business expenses as an LLC. Again, the only true advantage for an LLC is shielding...
  13. bone

    Anybody specializes in oil storage/transportation?

    Monday commentary from Lloyd's Shipping Rates subscription via Reuters: "VLCC rates have been volatile in recent months due to a supply overhang. Average VLCC rates plunged last October as the end of a speculative trading play, which at one point last year involved an estimated 100 million...
  14. bone

    Pros and Cons: LLC vs S-Corp

    There is no tax advantage to trading under an LLC versus declaring sole proprietorship income on a 1040 without any formal business structure. You use an LLC to shield your personal assets from legal tort claims. The only tax advantage you can find for trading outside of the 'ordinary...
  15. bone

    What would happen if China did actually dump the USD and all US bonds?

    This is a lucid and brilliant synopsis: This is a slow burn retribution for China unilaterally deciding in 1994 to de-value their currency by 50% in one day, which is what ignited the entire cheap labor for crappy goods manufacturing arbitrage we are now engaged in.
  16. bone

    This time it's different..

    I don't trade the SPY, so that is delayed data. My futures exchanges are all real time. If I showed an ES chart it would be real time. I start off my clients training with them in the 'delayed' data mode, because it's only $5 per month, and for training and paper trading purposes against me...
  17. bone

    CL Spreads

    Eurex curve is priced 'fairly', but Eurex had to enact some pretty drastic fixes over the years - for example, there were incidents where bank desks would corner the market in the CTS issues and blow out the other basis traders. Under those circumstances, the futures curve and the underlying...
  18. bone

    Futures curve based alpha strategy

    futures curve = forward calendar spread curve look at the futures curve studies on a Bloomberg terminal.
  19. bone

    jpm trade desk lost money a total of 8 days in 2010

    I take it they are not scalping ES based on tic data and a MACD divergence study on TradeStation.
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