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It's my experience in terms of political bets, analysts are really just watching the "trend" in the bet, not the actual bet. There is some predictive value in this at least here in the states. In 2004 the election was called for Kerry as all data was pointing strongly in his favor in all the...

You know there was a time were slaves were counted as 1/3 a person. Some thought they didn't need to concern themselves with voting and all that stuff intellectuals can do on their behalf. Many also thought women didn't need to worry themselves about these issues either, stay in the kitchen...

Hey Marty....so what are your thoughts as a genuine Englishman (I use that term lightly) on what Brexit means for England long term. Here in the states like everything else, it falls completely down along political lines because as Americans, we have to have a final say in everything. But...

I don't think these guys are sour traders. I've been doing this for 20 years, most of it in a professional capacity. Some of the other traders here as well. Experience is the greatest gift you can offer someone. The only question is will they be able to properly ascertain it's value.

Stat of the day: Since 1990 when the SPX lost >1.5% on a Friday it had a lower low 86 of 90 times on Monday.

Bobby, I need to offer some advice here though and I do speak from experience. It's very dangerous to look at your p&l as a reflection as to whether this strategy held up or survived. As I said before, the long term historical mean on the VIX is 20. We're at 25. Yes, we had a large drop...

IB is pretty safe. They are ruthless on the auto-liquidate. LOL. I would be more worried about under-funded prop shops.

As long as the sun keeps rising in the East, so come the ACD trading opportunities. I do have to warn though, that sun will implode one day down the road and when that happens, so goes the ACD trading opportunities. :)

I'm serious, I can't make this up. ES went from a failed QTR A to a failed QTR A down. One day. And you guys think ACD won't work in volatile times.....:)

I mean the VIX is only at 22 right now, you may even be flat overall.

I'll take a stab. I doubt it's "that" bad all things considered. We've had the vix spike to 90 before and in 2008 ES dropped 60% vs the 5% last night. I'll say you gave back all your gains plus some more. Let's say you dropped 4k today and your net overall is down 1500.

When bets get really one sided they are more eager to lay it off. Where they get lucky is when they are only marginally one sided this can happen when "favorites" get overbid. For example, the pats are routinely over bid throughout the season and sports books collect on that, think of it like...

Yeah I agree with King here. I hear this argument all the time that Vegas knew this or Vegas knew that. I know a guy that use to run the largest sports book at the Mirage and he said they carried a lot of risk and they got picked off a lot. Managing spreads was very important and they were...

Sorry, didn't mean to wake you up so early over there. On a side note, congrats....you are a free man now! :)

ES Halted.

You wait and see. Where did we fail today? Right at the monthly A up to the tick!

Only if you are already short. Being short going in gives you the optionality of the long tomorrow. Just going long naked tomorrow? No way.

Nikkei almost down 10%.

Gold pushing a 100 handle move...

Now the big question is.....who is next.