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Of course. It will happen when no one is expecting it.

Which was one awful piece of legislation that no one references any more. Show me the exact reference in the act. I'm not sure which was the most recent awful piece of legislation: The Patriot Act or the Dodd-Frank bill. Both were damaging to our economy.

Thanks ZBZB

Great article...love that reference to the "NAVTrader" app. Great defense..."others were doing it". Just perfect to make the CME Group look like the smucks they are...and greedy smucks at that. Their exchange fees are so out-of-line for the volume of trading that occurs.

Yeah, I know what he did in terms of the programming that was done. Do you have a link to the PDF of the official charges ?

Thanks for telling us what to avoid when implementing a strategy.

He didn't lose the edge....he just wanted it to be easier to trade....and he figured out a way to do just that. It was brilliant really.....but went against exchange "rules". He was warned once or twice, but ignored them. Let's hope he gets a suspended sentence on Jan 28th.....only 2 weeks away...

He was an excellent trader from what I understand. The spoofing was just a side-hobby.....and his programming specifications were just so well done....he nailed it with the "layering" technique. It was so easy to trade with the spoofing algo active.....much easier than trading without. All in...

The CME Group should come forth with a statement indicating they were negligent in putting anti-spoofing mechanisms in place in their software. Period. This would help Nav in getting a reduced or suspended sentence.

Oh YES....the CME Group is so irresponsible in this regard. They could have programmed their servers to reject the bogus orders....but they did not. Instead, they issued a written warning. That is so lame given their power and resources.

Wow, he still hasn't been sentenced by now ? Incredible. I think most of us will agree: "Go Nav !". I hope he gets some leniency here. Note: I'm not a big fan of the CME Group which I consider the "Evil Empire" with a monopolistic position.

Thanks for that MK. I see that his best strategy did not beat the buy and hold performance of the S&P 500 which was 30% in 2019.

Thanks MKTrader....do you have proof of the dramatic underperformance ? I am especially interested in the weekly SPX forecast. This is the kind of feedback I was looking for.

https://www.priceactionlab.com/Blog/all-in-one/ He provides: Two online books Premium Trader Education Premium Articles including weekly analysis reports Weekly Market Signals Premium Insights Price: $345 for three months (save 38%) You may register below. I am most interested in the Weekly...

Melissa Lee, early in her career, was not that hot. She's obviously had a lot of work done since then. Of course when you are making that much money, that's no problem.

She is tall for an Asian woman (5'8").

She already took down over $5 million in salary over the past several years......a lot more than most trader's profits. Welcome to the world of media where salaries are obscenely enormous ....or enormously obscene ! LOL !

She anchored Fast Money and Options Action.....and now has disappeared ? Scott Wapner appears to have taken her role. On google, I found nothing except this: https://gossipgist.com/melissa-lee

https://www.marketwatch.com/story/the-sp-500-is-now-more-overvalued-than-ever-per-this-measure-2020-01-08?mod=home-page I like the comment about the pizza delivery boys and salon stylists giving out stock advice.

https://www.coinbase.com/price/bitcoin Bitcoin now at $7k USD.