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<i>"Wassup with exploding wheat? Did they discover that you can smoke the stuff to get high?"</i> Better than that... they discovered it is a widely-used ingredient in some rather important stuff. Things like flour, breads and pastries, pasta, cereals, food fillers use a little bit of the...

<i>"In other words if you can turn 20k into 40k in a year daytrading (after commissions) and I can do the same swingtrading one hour a day while I have a regular job then you are doing it for reasons other than money because your time is not being compensated."</i> What if a good intraday...

<i>"I trade ER2 now, but want to switch to ES for the liquidity. can anyone who has done the switch comment? I'm curious how long it took you to become consistently profitable in ES after the switch if you were consistently profitable in ER2? TIA"</i> I traded the ER2 from mid 2004 thru mid...

<i>"The breakup with Toni was definatly one of the lowest points in my life. I was with her from 17 years old until 30 years old, so really for at least half of my life that I can remember. It was not a terrible breakup, we remain friends and talk nearly every day, but I could not see a...

http://news.yahoo.com/s/csm/20070830/ts_csm/asubprime These mortgages all bundled up and neatly packaged as fixed debt instruments might not be so efficient in hindsight. Wonder how the academics and quants quantified all that at inception? Time to pull those worn calculators out (of...

<i>"Next year would take a bongo beating vacation with money managers or go on a fly fishing trip to Montana's streams or go snorkeling with Sting Rays in Cayman Islands. I will do what the money managers do. Put my cash in T-bills and money market accounts earning a safe 5 % a year. No need...

<i>"In Sept of last year Toni and I broke up..."</i> That probably explains your recent illness, weight loss, etc. From the timeline you shared with us here, Toni was a big part of your life for a long time. That type of personal relationship loss is not swept aside quickly and easily. Anyone...

<i>"Well, he opened an IB account with 30K, and he said he's starting to trade 5 contracts at a time..."</i> Trading the ES, two contracts = $100 per index point profit. Average +20pts per week, +$2,000 per week. That's $100k annual if achieved, which is obviously very possible in current...

<i>"covel is an investigative journalist and author..."</i> If that is true, what qualifies him to offer this to the public? Who is the experienced trader to create this package? Obviously an investigative journalist = ghostwriter doesn't qualify, I'm sure we can agree on that...

<i>"FYI, covel's book " the complete turtle trader" lists and documents what happened to all of the turtles, including mr. faith. it will be released in october."</i> Surf, is Covel a complete turtle trader himself? How's the Covel fund doing this year?

<i>"That said this week doesnt really mean much in the grand scheme of things as everyone is in the Hamptons already and there is no volume up or down."</i> Yes and no. There was nil volume on the up-sessions past two weeks, while yesterday the ES traded 2mil contracts on the way down...

<i>"you need only 3 lots to reduce stress, take first one at +2 ticks = reduce stress by half, take second one at 4 ticks = reduce stress to zero, put stop loss at 5 ticks for third lot and trail."</i> Stress piles up if win/loss ratio is less than 50% and stop-out on a 3 contract position...

<i>"After all the minutes stated that if this crisis continues, there will be a "solution" provided to stabilize the markets. Well, let's stabilize it then!"</i> There is no solution, no easy cure from the Fed. Just bandaids slapped on here & there to staunch arterial bleeds. The subprime...

When they go up on thin air via premarket futures gaps and no volume, the return trip lower fills those voids a whole lot quicker. Anyone who expects or expected indexes to keep going higher have a lot to learn about market action... and the market will surely do that in its own timeline.

<i>"Many agricultural concerns have produce rotting in the fields for lack of workers."</i> That is due to a lack of skilled foreign workers, aka illegal aliens being pressured out of the fields, literally. Field harvesting isn't a no-brainer task. There is a lot of nuances involved that...

<i>"all the public data out there says the country is not in a recession."</i> How good is said public data? That's the question. When figuring any equation, the solution is only valid as the constant. Take non-farm payrolls, durable goods, PPI and CPI data provided by the government and...

<i>"Thanks for sharing your firsthand experience. It's nice to hear it from a trader I respect on this board"</i> Pay attention to what Atticus has to say about options. I've been out of that game for five years now. He's right about the OI part and no visibility on CBOE.com as well...

<i>"Anybody remembers what happened to index options right before Greenspan suddenly cut 50 bps during the RTH in 2001?"</i> I remember the April cut very well. At the time I was still trading SPX options long and short, didn't switch to eminis until mid-2002. Had three major strikes (x25...

<i>"So to say that somehow we are possibly in a bear market now when this correction is consistent with market performance during the past 4 years has more to do with your personal bias towards what you see locally."</i> I agree with all of your post above, except this single paragraph. I...

<i>"Every corrective phase from 2003-2007 as well as the 90's (which has a similar profile to now) has seen heavy volume on big range days lower followed by months of grinding higher on crap volume."</i> Pabst, you are 100% correct about that fact... thru this specific 4yr period...