RM's occasional market calls...

drownpruf said:
I don't think he ever mentioned size. RM stated he was down "five figures" in it yesterday on the first limit move (08.30 entry). He added, took some off and then re-entered short.
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He said he was bidding and as long as at least 1000 contracts traded, he would be filled implying that was the size of his position. I think he had a much smaller position initially and when he went back in, he pushed all his chips to the middle of the table.
 
Maverick74 said:
He said he was bidding and as long as at least 1000 contracts traded, he would be filled implying that was the size of his position. I think he had a much smaller position initially and when he went back in, he pushed all his chips to the middle of the table.
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Edit, what ammo stated below. I also assume he meant there was 1000 FIFO before he entered his BTC order. He'll have to tell us.
 
that might have meant there were 1000 bid when he went in ,as soon as those were filled ,he would be next in line
 
I was watching the book as it unfolded, when he first mentioned getting out at limit I saw 400 or so filled. ,I was assuming that was him getting out in at least part of his position.if he was early enough in line) here is a snapshot of volume attached. Not sure if there was enough volume for him to get out completely. Depends if he got any of those 400 or not.

edit: there was also a bar prior to that that filled 300, so like I said, depends how fast he was at getting his order in.
 
Zr1Trader said:
I was watching the book as it unfolded, when he first mentioned getting out at limit I saw 400 or so filled. ,I was assuming that was him getting out in at least part of his position.if he was early enough in line) here is a snapshot of volume attached. Not sure if there was enough volume for him to get out completely. Depends if he got any of those 400 or not.

edit: there was also a bar prior to that that filled 300, so like I said, depends how fast he was at getting his order in.
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He posted his attempt 30 minutes after the 400-lot filled. So not unless he has a time machine. Why don't we wait until RM posts.
 
Rearden Metal said:
On second thought, rattled post-loss as I am, I'm just bidding here at limit up (111.675) to make sure I get out today. Assuming we get over 1,000 more contracts traded by day's end (a near certainty), that's the official end of this miserable trade. My condolences to anyone who followed me in... but still my overall record on this thread has got to be something like;

Wins: 25
Losses: 1
Pushes: 1 or 2.
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oh shit, now that I look at the time of this message, There is no way he got much at all out of this. on 3/4/14. Someone send this man a case of beer.
 
Thanks RM for putting me onto this market, I don't usually track livestock.

Took 2 cents a pound in about 20 minutes. A wise trader once told me to always leave some for somebody else.
 
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