Kudos to MMs

sellindexvol66 · Oct 30, 2013

Quote from arbs-r-us:

Nitro may be right on the last add. I've been long for 1000+ handles and selling everything except some AAPL today. Been quite a ride.

wow,apparently i'm not the only one covering long market trades, lol.

maybe the 1000pt heat (paper trade i hope) nitro has taken is about to turn and give him 50pts of relief.

sellindexvol66 · Oct 30, 2013

Quote from Maverick74:

I'm not questioning his add, I'm question his risk management. When he uses the word discipline about a trade that he has been short for 3 years and no stops. Now I know these trades aren't real, it's all semantics. If one is going to take the time to post, they might as well still carry out their simulated trades as if it were real money. Otherwise what are they getting out of it?

mav, please understand i am not mocking nitro..but since this is clearly a paper trade...why question his risk management if this is just exclusively (no real dollars) ego playing out ? additionally if no one questioned the premise/intelligence of his posts as traders we would all be remiss.

Rearden Metal · Oct 30, 2013

Quote from sellindexvol66:

wow,apparently i'm not the only one covering long market trades, lol.

maybe the 1000pt heat (paper trade i hope) nitro has taken is about to turn and give him 50pts of relief.

This makes me uncomfortable, actually. I closed out most of my longs yesterday as well. Too many of us on the same side here, and Nitro making bearish noises?

Yesterday I had a plan to take heavy bear positions right before the fed announcement, but I've just thrown that entire idea on the scrap heap. Too many warning signs...

Maverick74 · Oct 30, 2013

Quote from sellindexvol66:

mav, please understand i am not mocking nitro..but since this is clearly a paper trade...why question his risk management if this is just exclusively (no real dollars) ego playing out ? additionally if no one questioned the premise/intelligence of his posts as traders we would all be remiss.

Because ET as a message board is really all about process. Most people are aliases here so whether an account or trade is real or not is a useless exercise. All we can debate here is semantics. So whether he has 100 million on the line or if it's a paper trade, the semantics play out exactly the same.

nitro · Nov 13, 2013

Ex-Fed official: 'I'm sorry for QE'

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Maverick74 · Nov 13, 2013

Quote from nitro:

SPX, 1288.60. FV, 1083.56. OFV, 1287.85. POFVF, 1285.48.

We calibrate OFV to SPX in the morning, then trade POFVF.

Sell to open 1 unit SPX 1288.60.

<table border="1">
<tr>
<th>Date</th>
<th>Action</th>
<th>Price</th>
<th>Units</th>
<th>PnL</th>
</tr>
<tr>
<td>Dec 20, 2011</td>
<td>Sell to Open SPX</td>
<td>1229.89</td>
<td>2</td>
<td>Open</td>
</tr>
<td>Jan 11, 2012</td>
<td>Sell to Open SPX</td>
<td>1288.60</td>
<td>1</td>
<td>Open</td>
</tr>
</table>

Sometimes it's good during a journey to take a step back and see how far we have come.

Maverick74 · Nov 13, 2013

Quote from nitro:

SPX, 1292.84. FV, 1080.51. OFV, 1292.32. POFVF, 1253.97.

Remember, we start by calibrating OFV to SPX (that is why they are almost identical) and then we key off what POFVF is saying. If this is right, we have some sort of a selloff coming very soon.

About that selloff....

Maverick74 · Nov 13, 2013

Quote from nitro:

This is the tone the market will be opening to on Tuesday, and it looks ominous:

"Spain revises up 2011 budget deficit forecast to 8 percent of GDP; fresh austerity announced"

http://finance.yahoo.com/news/spain-revises-deficit-raises-taxes-151259189.html

See, even in 2011 we had ominous news events....

arbs-r-us · Nov 25, 2013

Quote from nitro:

Add short 2 units 1772

1810 bid now..... When/where will it stop? Perhaps January from 1860+

arbs-r-us · Nov 27, 2013

Quote from nitro:

Add short 2 units 1772

On this eve of Thanksgiving, I am thankful of the market that keeps on giving, giving & more giving.... Thanks for the giving and to the moon Alice!!! To the moon!!!