NOW I FIND THAT FUNNY THAT IS A GOOD ONEQuote from Halal Burger:
When the LIFFE floor closed down in London alot of guys who used to make alot of coin in the pit tried their hand at screen trading.
Apparently when placed in front of a computer, probably for the first time in their lives, one guy picked up the mouse and spoke into it "Buy 50 Sep Bunds at market"
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Not Possible....profit On The Screen
- Thread starter datstrader
- Start date
YOU Really dont know what your talking about...how about when someone unloads a 50 lot on top of your head and its two ticks up your butt when you get it. you have never traded 250minis at once in your life im sure you put or 2 mini position on with your butt checks tighted up with the chance of loosing 100 bucks or so ...Don't tell me we didnt have to think dont forget if the market is breaking locals in the pit are buying we are allways against the trend I would have loved to see your face when a 100 lot is bounced off your head im sure you would need to change your Diaper at that point ...Best of luck to youQuote from EPrado:
A pit trader who never learned how to really trade whining that he can't make money off the floor......SHOCKING.
Kinda tough when you actually have to think and do some work to make money.
Quote from datstrader:
YOU Really dont know what your talking about...how about when someone unloads a 50 lot on top of your head and its two ticks up your butt when you get it. you have never traded 250minis at once in your life im sure you put or 2 mini position on with your butt checks tighted up with the chance of loosing 100 bucks or so ...Don't tell me we didnt have to think dont forget if the market is breaking locals in the pit are buying we are allways against the trend I would have loved to see your face when a 100 lot is bounced off your head im sure you would need to change your Diaper at that point ...Best of luck to you
Can't you double up and triple up on the screen as well?
It works as long as it is with the current momentum.
Quote from datstrader:
YOU Really dont know what your talking about...how about when someone unloads a 50 lot on top of your head and its two ticks up your butt when you get it. you have never traded 250minis at once in your life im sure you put or 2 mini position on with your butt checks tighted up with the chance of loosing 100 bucks or so ...Don't tell me we didnt have to think dont forget if the market is breaking locals in the pit are buying we are allways against the trend I would have loved to see your face when a 100 lot is bounced off your head im sure you would need to change your Diaper at that point ...Best of luck to you
I never realized 50 big Sp's is something to bark about. Is a nice size....but not gigantic. Back in 1994 I traded 500 Nikkei Futures at a clip with the floor for a CTA. Try getting trades done when they are 2 min before lunch break, you have to sell 250 lots, and the market is 20 up in the pit. Have traded big and small over the last 17 yrs.
I have nothing against floor guys. Some of my best friends are floor guys.....but very few of them could trade their way out of a paper bag off of the floor (from what you say, you have the same problem). But most of them are great guys.
I am sorry, but a 50 lot of big Sp's wouldnt effect me if it was 2 ticks against me. If it made you shit your pants then maybe you shouldnt have traded that big. Trader's who measure their P/L in dollar terms are dead men. If you can trade a 1 lot you should be able to trade a 500 lot in the e-mini's. I always judged my trades in ticks...not $.
Good luck with trying to adjust to the screen. Dont take it the wrong way...but a ton of floor guys fail miserably when they go off the floor. Either suck it up and make a real attempt....or go drown your sorrows at Ceres.
Quote from EPrado:
I never realized 50 big Sp's is something to bark about. Is a nice size....but not gigantic. Back in 1994 I traded 500 Nikkei Futures at a clip with the floor for a CTA. Try getting trades done when they are 2 min before lunch break, you have to sell 250 lots, and the market is 20 up in the pit. Have traded big and small over the last 17 yrs.
I have nothing against floor guys. Some of my best friends are floor guys.....but very few of them could trade their way out of a paper bag off of the floor (from what you say, you have the same problem). But most of them are great guys.
I will put this in my Crack Pipe and Smoke it smells like good shit thanks for all your time and effort...wishing you and yours the best....
I am sorry, but a 50 lot of big Sp's wouldnt effect me if it was 2 ticks against me. If it made you shit your pants then maybe you shouldnt have traded that big. Trader's who measure their P/L in dollar terms are dead men. If you can trade a 1 lot you should be able to trade a 500 lot in the e-mini's. I always judged my trades in ticks...not $.
Good luck with trying to adjust to the screen. Dont take it the wrong way...but a ton of floor guys fail miserably when they go off the floor. Either suck it up and make a real attempt....or go drown your sorrows at Ceres.
Quote from EPrado:
I never realized 50 big Sp's is something to bark about. Is a nice size....but not gigantic. Back in 1994 I traded 500 Nikkei Futures at a clip with the floor for a CTA. Try getting trades done when they are 2 min before lunch break, you have to sell 250 lots, and the market is 20 up in the pit. Have traded big and small over the last 17 yrs.
I have nothing against floor guys. Some of my best friends are floor guys.....but very few of them could trade their way out of a paper bag off of the floor (from what you say, you have the same problem). But most of them are great guys.
I will put this in my Crack Pipe and Smoke it smells like good shit thanks for all your time and effort...wishing you and yours the best....
I am sorry, but a 50 lot of big Sp's wouldnt effect me if it was 2 ticks against me. If it made you shit your pants then maybe you shouldnt have traded that big. Trader's who measure their P/L in dollar terms are dead men. If you can trade a 1 lot you should be able to trade a 500 lot in the e-mini's. I always judged my trades in ticks...not $.
Good luck with trying to adjust to the screen. Dont take it the wrong way...but a ton of floor guys fail miserably when they go off the floor. Either suck it up and make a real attempt....or go drown your sorrows at Ceres.