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You could buy 5K lots in ES in ten seconds if you are best bid and SPY is ticking down. Just about all of the big traders ICEBERG orders to fill size which is the smart way to go about it. If stocks on the NYSE are ticking down a 5K lot in the ES is not going to stop that. All of the popular...

Google "IRS 1256 commodities contracts blended capital gains tax" And use the calendar spread to roll your position. That's what it's there for. You can use a dated second month spread. For example, to roll a long August '20 contract well into the future, you could for example sell the...

Keep Taiwan Free.

Rangebound. Gotta side with Morgan Stanley on this one. The world continues to unrelentlessly pour money into US Tech Companies. Especially the top Sovereign Wealth Funds. Norway and UAE have been ridiculous about US Tech. Monsters.

I actually take that as a good sign. Let me explain. As Hafez so elegantly (?) stated, daily traded volumes are still healthy. If you bid or offer for size on the market - you will get filled. If during prime NY hours you are best bid for 5,000 and SPY downtics you will get filled. This is...

Would you hold Robinhood harmless for their shitty App that doesn’t calculate P&L correctly if that is borne out in discovery?

A 20 year old knows nothing. I take your point - but I’m not sure his emotional state was such that he would have started a thread in the Options forum and waited for three days and sorted through the vitriol in order to glean the honest sincere responses. I really lay all of this at...

TRADE FROM ANYWHERE Access TT from your Android or iOS device. Mobile Access Access the TT platform with an interface tailored to the mobile experience. Market Data Stay in touch with the market with a concise view of multiple contracts across global exchanges. Charts View numerous chart types...

I’m sure that information will be forthcoming in depositions and expert testimony. This isn’t something that Robinhood or the Family would want to make public at this time. My guess is that Robinhood didn’t put in the time or expert resources required in order to accommodate spread trading and...

Amen brother.

You know what: the CME gave Sarao an extraordinary GIFT by warning him first. He could have taken his $70M and sailed off into the sunset. That’s not heroic, that’s stupid tbh.

Really? That’s not a very effective defense in US Courts. Doesn’t work for insider trading and doesn’t work for speeding tickets. In 2019 the SEC brought 526 stand alone insider trading cases. I’m sure that there are thousands of people engaging in insider trading every year but it won’t...

They will bag you with the big bad overarching hunting license and not necessarily specific rules. Which is why Sarao really Effed up when he was first warned by CME and chose to ignore them. The CFTC orders that trading exchanges regulated in the US or that operate in the US based upon a CFTC...

Robinhood’s business model is to offer free trading and make it super accessible. The devil’s in the details. The trades are commission-free because they are selling order flow to Wall Street - who in turn are going to make said Robinhood customers pay to get into and out of the market...

He was actually warned by the CME and he ignored them. He could have walked away with $70M and instead he chose to continue to twist the Dragon’s tail. o_O And maybe Sarao’s reported autism prevented him from appreciating how untenable his situation was if he continued - who knows. In the...

Yep. I was told by one of my mentors when I started out in the Bond Pit that my goal was to just survive. Only when I learned to survive could I then learn to make money at it. And he was right.

I am still of the conviction that newbs are so much better off swing trading very very very small size. So small that you can have on a position for days and it does not cause you anxiety or distraction. When you get it going you can lever up. And you are not at the mercy of the bots and...

Welcome to life, Noah. It's been that way since people figured out that mutual barter was safer than killing each other for a piece of food. There have been waiters, cooks, bartenders, blacksmiths and landlords for thousands of years. And traders for that matter.

Nothing like '98-'99; nothing like '08. Different market factors completely. Totally different underlying circumstances. It might be fair to say that revenues in the short term don't meet current valuations. It is off the mark (being polite) to compare the current market structure to the...

Except that Gold shit the sheets in March along with the major market indices. Granted, it was 15% as compared to 31%-ish ish in the S&P but it wasn't the vaunted "flight to quality" appreciation that follows conventional wisdom. The US Dollar was off 5% worse day in March. I'm not sure that...