Blakpacman, you are my hero! Lol
Making A Killing In Index Futures
- Thread starter Fundlord
- Start date
Blakpacman, you are my hero! Lol
You know your way around shit. You are just a new pretentious sucker on this site. 12 years of fx experience and don't even know the most basic terminology of options markets. Everything you said and claimed so far sounds fishy.
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Lol, to manage money for others at high risk and lower your own risk. I hope you go to prison for that should this really happen. You know maybe you should Google "fiduciary duty". Asswipe wannabee
Perhaps he's referring to the news last month (and the year before that, and the year before that) that several major banks pleaded guilty to "rigging" the currecncy (FX) markets.
The Federal Reserve fined six banks, including Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., a total of more than $1.8 billion for “unsafe and unsound practices” in foreign-exchange markets. Bank of America was fined $205 million and Royal Bank of Scotland Group Plc $274 million, the Fed said in a statement. Citigroup, JPMorgan, UBS AG and Barclays Bank Plc were each penalized $342 million.
I once explored the possibility of FX trading and decided to stick with my S&P 500 E-mini Index Options (ES) credit spreads. Traded on the CME, regulated by the CFTC and NFA, and limited risk (if trading credit spreads). Not sexy but a lot safer, IMHO, than the currency markets.
For your reading pleasure:
May 2015
Rigging of Foreign Exchange Market Makes Felons of Top Banks
http://www.nytimes.com/2015/05/21/b...in-currency-and-interest-rate-cases.html?_r=0
5 banks guilty of rate-rigging, pay more than $5B
http://www.usatoday.com/story/money/2015/05/20/billions-in-bank-fx-settlements/27638443/
Fed’s Currency-Market Fines on Six Banks Total $1.8 Billion
http://www.bloomberg.com/news/artic...y-market-fines-on-six-banks-total-1-8-billion
June 2013
Traders Said to Rig Currency Rates to Profit Off Clients
http://www.bloomberg.com/news/artic...d-to-rig-currency-rates-to-profit-off-clients
June 2012
Feds: BNY Mellon manipulated cost of Fidelity trades worth millions
http://www.boston.com/businessupdat...th-millions/ZkpSqrg0oJyXfVY7KEN6iK/story.html
Best
Amen to that. Used to be that I enjoyed having folks stop by the cockpit and visiting for a minute or two before we turned on the seatbelt sign. Many brought their kids to to see the working end of the airplane. Now it's just the parents who want to complain about ticket prices, leg room, food, air conditioning, baggage storage issues, delays, and on and on. Now when I get to the cockpit I tend to slam the door shut and avoid the passengers. Besides, it doesn't look so good to the passengers if I have my iPad out, with my ThinkorSwim app running and checking my ES credit spread positions*. ;-)
Best
Steve Leeds
Airline Pilot DC-9, B-767, B-777
* I only do that during non-safety activities time. Before engine start mostly. Oh, and when halfway across the Atlantic headed for London and nothing going on in the cockpit.
So "airline pilot" steve
, good thing you slam the door shut and lock it maybe - since it is REQUIRED ever since a little certain event back in Sept of 2001. I kinda recall something about terrorists talking over and crashing 4 jetliners that certain day (Sept ?, 01) once they got in those unlocked cockpit doors.BTW ever see a grown man nekkid?
What this has to do with trading OPM I sure don't know. Apology to OP but couldn't resist.
SURF ALERT SURF ALERT (breach of copyright) SURF ALERT
Trading and piloting share terminology:
pull-back, crash, black box, ditch, ROC, [on a] roll, hands-on approach, [high] alpha, ceiling, holding pattern, GS, long[itude], mayday (yep), repositioning, sector, [bird] strike, taking off, squawk, stop[over], bagger, wings, ascending, [Bermuda] triangle, delta, breakdown, dip, slippage [on ice], low, high, ...
Trading and piloting share terminology:
pull-back, crash, black box, ditch, ROC, [on a] roll, hands-on approach, [high] alpha, ceiling, holding pattern, GS, long[itude], mayday (yep), repositioning, sector, [bird] strike, taking off, squawk, stop[over], bagger, wings, ascending, [Bermuda] triangle, delta, breakdown, dip, slippage [on ice], low, high, ...
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Well even bruce kovner said that he trades OPM because it acts as a "call option" on his own money. His upside is huge compared to his downside due to fees.