Midnight rally

Short ZN :D

Good weekend all. Freshen up and work out so you can kick ass next week.


Quote from Trader2020:

Good convictions you have there bro. Good trading. Gotta have big balls to trade like that. Was very choppy today, but not a bad day overall. Went long on that half-assed last 30 min just-like-clock-work PPT rally. Holding shorts at 640, going to hold overnite. Some major damage on the fake trend they been creating, doubt they can break 650. :D
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Quote from Trader2020:

Short ZN :D
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Also short ZN. Got hit the last couple of days, but the previous 5 weeks sure were a good run. I think the ZN should drop some more....
 
Quote from Rickshaw Man:

Looking to buy under 10580 This day has not turned out as I would have liked. Oh well can't win em all.


Cheers!
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hey Ricksahw... I thought you said the market could not go lower!Yeah... pretty sure you said that with conviction on another thread. Non? So what do you see for next week? More upside... like today!!? :eek: :D


Well I covered a lot of short calls today so I really hope we get a nice pop in NDX and SOX etc.


IcE
:cool:
 
Quote from iceman1:

hey Ricksahw... I thought you said the market could not go lower!Yeah... pretty sure you said that with conviction on another thread. Non? So what do you see for next week? More upside... like today!!? :eek: :D


Well I covered a lot of short calls today so I really hope we get a nice pop in NDX and SOX etc.


IcE
:cool:
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Its always easy to hide your convictions, and then pop up and say what you did, after the event has passed. Anyone can do that. My rants about the market not going down are certainly justified as YM has been in a 0.8% trading range for 20 days now. Hey I want it to go down, but the dammm thing wont.

Perhaps you might be so bold as to post a few live trades as they occur.
 
Quote from newbunch:

Also short ZN. Got hit the last couple of days, but the previous 5 weeks sure were a good run. I think the ZN should drop some more....
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Just curious. What is your reasoning for being short? I could not take being short any more and flipped my position like 4-5 days ago. No reason for me dumping shorts---just did not feel right any more. I think we are going to trade off stocks now and if stocks dump ----the lemming will buy fixed income. I just cant be short stocks (I am short er2's and spoos) and be short notes. Hurts my head too much.
 
Quote from TGM:

Just curious. What is your reasoning for being short?
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If I told you, I'd have to kill you.

I have a quant system using both fundamentals and technicals. The details are a secret (so those of you who think I am full of crap, can believe that). My system has been short bonds since June 24th when the yield was 4.05%. It sucks giving back some of my profits, but I've still make a pretty penny. I've also been short the S&P since July 29th and I've made about 4 points on that move. But I'm down so far this month (I was up the previous four months), so the system is not always right (it's correct about 70% of months).
 
Quote from TGM:

I could not take being short any more and flipped my position like 4-5 days ago.
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One of the keys to any system is having the right position size. While being short bonds the couple of days hurts, my position is small enough so that it doesn't inflict too much pain. Of course that limits my profit potential, but I have reward to risk equations that determine exactly how big my position should be to maximize my risk adjusted returns.
 
Quote from newbunch:

If I told you, I'd have to kill you.

I have a quant system using both fundamentals and technicals. The details are a secret (so those of you who think I am full of crap, can believe that). My system has been short bonds since June 24th when the yield was 4.05%. It sucks giving back some of my profits, but I've still make a pretty penny. I've also been short the S&P since July 29th and I've made about 4 points on that move. But I'm down so far this month (I was up the previous four months), so the system is not always right (it's correct about 70% of months).
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Ok that explains everything. No more is needed. I am always on the opposite side of guys like you in the short term. Especially, when it is the beginning of a new trend. However we are in the same Stock trade. But I went short the ER2 and Spoo a while back. A while back for me means never more than a week or at most a couple weeks.

It does not matter how you make the dough as long as you make the dough.

Do you just trade US debt? Do you trade Bunds or JGB's? I traffic in all of them. However, I am rarely in more than one at a time. I believe in relative strength in the global curve. It usually helps me decide which to buy if I want to be long and which to sell----usually.
 
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