my boss blew up

[EPrado]

Quote from morreo:

Good question. We're going to get another guy trading the day shift with her, so they can watch out for each other. Until that happens though, i'm keeping a pretty close eye on her (checking positions hourly online) and if I see anything out of the ordinary, i'm going to come in and pretty much quit trading for her. I don't exactly what I would do if it happened again though... I just am going to trust that she learned from her costly mistake. I was also told by the CFO that instead of sharing my uncomfortableness with her, I should go straight to him.



Also it does depend what product it is, BCE. I don't know if you've ever traded eurodollar spreads or any kind of spread at all, but there is a limit to how far they can go. We could probably get to the minimum that the front eurodollar spread could go and still have enough capital to keep trading. It's called a hedge fund. With outrights, you run out of capital before it gets to the minimum.

When one outright moves, the next month follows... ahh forget it.

Eurodollar spreads to outright SP trading. Interesting choice for the girl. 2 totally different worlds. Not suprised she got smoked.

 

[Champion]

Quote from on the money:

In a volatile market you'll get whiplashed up and down and end up with no profits, probably losses, and huge commissions.
If it was so easy to figure the tops and bottoms of rallies, there would be people here with private jet and huge houses, etc., etc.

I did say a a timely methodology. You won't have this. So no offence but you show that you are far far away from knowing what to do and how to do it. That is why the markets defy amateurs and wannabes. I see that almost all people here are not professionals and therefore they circulate their thinking around antiquated ideas and antiquated chart configurations.