Search results

Frankly it is a minor point in my mind -- 13 or 24. A guy that takes out 10 pts. daily from ES with consistency is so talented however he decides to play it will work just fine.

I heard Al say the friend averaged 10 ES pts. daily, was quite consistent and traded a constant 24 contracts as that was his comfort level. I'm not suggesting that I have any idea as to the truth of the statement but I heard Al say those words if not verbatim very close to verbatime. BTW ...

I agree that these are two different cases but to say there was no fraud in Cyprus is at best premature and probably naive. Once a Russian enters the room fraud is likely. If there are two of them it becomes a near certainty.

Sometimes when the juggler is real good it is hard to envision it all tumbling down. Ponzi was not even that good (a financial idiot not competent in simple math) and he got the balls moving for awhile. Check out this excerpt from Wikipedia which may or may not be accurate: When a Boston...

A different era -- over 45 years ago. These kids are frequently getting crap and taking on an enormous debt load with it. The schools are not all the same and ITT may be an exception but my guess is they are now all overpriced thanks to the disruptive government financing.

Aren't you the canary in the coal mine? You are telling us the air is starting to leak out. Bubbles don't need to quite burst like the real eastate one did to be a profitable short ... although it is nice if they do. As in all shorts price action is key to the timing but my bet is the high...

Never thought of it in bubble terms ... but boy is it a freakin' bubble. They have hustled billions and delivered a higher grade of ilitteracy. Just occured to me I may have spelled ilitteracy wrong ... lol ... and don't actually know how to spell it and ain't looking it up!

If you are still on a learning curve and getting better relax and enjoy the ride. If, on the other hand, you stall at 4% a month and do not have access to more capital i is a tough go. But if you are getting better and believe you will be doing 6% a month in a year and 8% in two years and can...

Assuming there is no FHA provision against renting the house to cover the monthly nut and it's a 20 or 30 year fixed (or variable with a reasonable cap) I would be hard pressed to think of a better semi-passive speculation ... meaning one that did not involve starting an operating business...

Here is how I am setup with DeepDiscount/Crossland: I pay $3.92 a RT in ES "all in". I have great data (Rythmic) included that price and I use Siera Charts as my charting and execution platform at $27 per month. Those are my costs in total. BTW Rythmic is far and away the best data I have EVER...

I am very much enjoying reading this thread. It is causing me to, if not change my mind, at least reexamine some of what I thought I knew.

Get out of TOS. You need a much smaller margin requirement -- no more than $1000 or so considering your capital. It leaves out IB but there are many others that are possible.

I want to echo the advice given on commisions. There is no way you should be paying $7 RT on ES. It's out there for under $4 and if you want to stay where you are tell them you know that and they must immediately lower your rate to $5. You'll still be paying over the odds but it won't be totally...

Implicit in your feeling the hedge is an absoloute imperative in your business is the assumption that crude pricing is your only or at least you primary risk and additionally that level of risk outweighs any alternate opportunity that could make your business soar. I was retained as a...

The world's leading power as a resrve currency may well be the natural order of things -- Keynes opinion not withstanding. The only reason for a basket is that there may be times when their is no single dominant power.

Historically losing reserve status has been a symptom not a cause and a lagging indicator that the power is gone or at least ebbing at a terrifying rate. When (not if) the day comes it will probably result in a great deal of chaos as an artifice like a manufactured basket of currencies will...

I do think the "guns & butter" policy of LBJ was a turning point. Prior to that the dollar was (nearly) as good as gold. That changed quickly and the psychology of this country changed with it. People knock his "Great Society" initiatives and they may or may not be correct. But it is crystal...

Can you define 'lose". Are we talking opportunity cost or hard cash? Do you lose (whatever that means in this context) 100K or so at $70? Might you want to bite the bullet down to $60 but be covered below that? This puzzle gets pretty simple once you define what makes you comfortable. It is...

You know what to do. You stay long as long as the trend is intact on the weekly chart or you have some other PA metric that convinces you to give it a hard look. It is better (even though difficult) to give some back then to prejudge the trend. I think it is probably late in the game. I think...

Relentless but not exhaustive.