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    Spy futures

    I believe it is because dividends are worth more than the carrying cost. If you notice, the nasdaq (NQ) is the way you are thinking it should be. NQ doesn't have very many dividend stocks, so the carrying cost is more than you would take in from dividends. This is just what I have heard. I'm no...
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    The futures are in a free fall

    There is the Brit election and the ECB tomorrow. It'll probably be pretty quiet until those events finish.
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    ES Journal - 2017/2018

    I agree. I was just a little annoyed that people who are bearish are hanging on to any little thing that could conceivably bring the market down. The event is a tragedy but in no way affects the broad markets. I think the market (mainly the Nasdaq) is being irrational with how it just keeps...
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    CL Journal

    I'd be interested in positional longs around or below $30 atm. I feel like U.S. production is going to drive price into the ground again. Maybe it'll never get there, but oil at these levels isn't very compelling to me.
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    ES Journal - 2017/2018

    Do people really think a bus attack will actually derail the market? It's slightly possible there could've been selling if it happened during market hours, but people will have had basically a day to process it. Honestly, that attack has no affect on companies. It's like saying the market should...
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    CL Journal

    How can you say you are 2 for 2 when those bottoms don't affect your trade in any meaningful way? You went long before those "short term" bottoms, held through them, and are looking for around $60. These bottoms are inconsequential to your trade.
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    Trading Technologies cancelled my order--what would Rick Lane say?

    In your scenario, you did lose money. It is agreed that you are working not for free. The equivalent to trading would be actually making a winning trade, but the broker decides to not pay you. The trade never happened so therefore he technically did not lose/make any money, though that is not...
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    Incorrect broker statement - is broker liable?

    Maybe if they are nice, they will reimburse you with something, but it is likely you will have to eat the loss. I once had an error where a trade I never made was put on to my daily statement. What you do is contact them immediately about it and have them look at it. In my case, they fixed it...
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    Trading Technologies cancelled my order--what would Rick Lane say?

    I can understand why they did not reimburse you as you technically did not lose any money because of it, but are you saying they didn't even offer to waive a few months of subscription fees? That would be extremely terrible customer service, since it was obviously their fault.
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    CL Journal

    At least 60? The last time it was $60 was in mid-2015. What in the chart would make you think it is going there unless you are legitimately using a monthly chart. I can see a case for that than. I don't see how oil is very bullish in the near term though, so I'd be wary of holding longs over...
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    Crude is screwed, man.

    With the emergence of North America as a huge energy player, OPEC is losing their power overtime. They don't control prices like they did in the past. I think North American production levels now control the price of oil.
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    IB auto-liquidation

    Having that many options in one product, I wouldn't expect it to know what the idea or core parts of your position are. My point is basically for two scenarios. 1. Trader has just one option spread on in a product. 2. IB is giving margin credit for whatever option combo is going on. These...
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    IB auto-liquidation

    I'm of the opinion that IB has the ability to not abandon the trader and stand by their regulators and shareholders. I don't see why the program can't recognize simple vertical spreads. Now if people are trading iron condors or things with more than 4 legs, I can see the program splitting up the...
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    IB auto-liquidation

    I agree with basically everything except for this. Just because IB has the right to liquidate, that doesn't give them the right to fuck you over in the process. Are people going to say that IB doesn't have the ability to program the liquidation in a way that recognizes defined risk option...
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    IB auto-liquidation

    Yea, I have a hard time believing no one would snatch up a max loss spread before 55 cents in profit. The thing is any remedy you could possibly have would cost way more than what you have lost. IB's system just treats every single options trade as separate trades when it comes to liquidation...
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    TST Combine Journey

    Based on what you have been trading, you'd pay $85 in data fees per month if you go live with them. That's because you get put in the professional trader category when trading for a prop firm. It is definitely something to consider, but if you trade like you did in the combine, it shouldn't be...
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    SEC Charges Fake Filer With Manipulating Fitbit Stock

    All of that trouble just for $3,100. What a shame.
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    IB auto-liquidation

    Some people like IB's policy on auto-liquidation, but I think it's disgusting and not worth the risk of getting screwed by it. I guess it's a relatively cheap lesson for you to learn, but what happened to you was exactly what happened during the flash crash. This means IB is not and will not...
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    IB auto-liquidation

    If I remember correctly, IB's auto-liquidation process is automated. The program is not going to bother penny up orders to help you out. It's just going to put in a market order to flatten the position, which basically fucks you in non-liquid markets. I still remember the horror stories of IB...
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    Karen the Supertrader - TastyTrade Hybrid Experiment

    Probably not that badly as tastytrade has been preaching to be short overall for awhile now.
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