Blown up and Devastated

[bobbyod]

I was a product of Swift trade a while back and moved on to bigger and better things....Rebating just wasnt for me

So you couldn't make money rebating and you figured you could by playing like the big boys. That makes no sense at all, I understand moving up to MSFT from let's say, JDSU, only when you feel you have reached a limit on your profit and figure you can get a better return on your investment because of size and volatility.

For the record, I also used to trade at Swift and I got fired for arbing the AMEX specialist with ARCA. What a load of bullcrap!!! I have to admit it's pretty hard not to trade with fear for them knowing that you can finish the month owing them money.

 

[giannos]

Its not that I could not make money playing for credits, just found it pointless for an entire day...During slow times or low volume, I will still rebate a bit, but did not want that to be my core strategy.....

 

[range]

Quote from Steelhead:

whatever you do, BE CAREFUL the next two days.
If you thought expiration was a fucking nightmare- pre FOMC trade WILL be worse.

Good advice, especially because there is less of a consensus than normal regarding what the Fed will do tomorrow.