RM's occasional market calls...

So what gives? We had about 5 active posters all over this trade giving play by play and suddenly everyone disappeared faster then a Malaysian 777 airliner. Dave, are you still in this? You are a no nonsense type of guy that usually lays it all out there. Just curious if you are still in this.
 
Rearden Metal said:
I'll have to respectfully decline to go into all that. The way this profession works, edges rapidly disappear as more traders learn about them. I've seen it happen too many times in the past.
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Wow, I had a look at that @LH chart & reviewing your stated record of 25 wins 1 loss, 2 pushes... Not hard to figure out what your edge is...

Shorting a contracting because it's high or buying 'cause it's low ain't no edge :confused:

...Many small wins, few catastrophic losses.
 
NoVoodooHere said:
Wow, I had a look at that @LH chart & reviewing your stated record of 25 wins 1 loss, 2 pushes... Not hard to figure out what your edge is...

Shorting a contracting because it's high or buying 'cause it's low ain't no edge :confused:

...Many small wins, few catastrophic losses.
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Some unmerited hate there, I don't agree with your observation, I feel it has been the opposite.

Unfortunately, it's a hateful world.
 
Scaleout.Scalper said:
Some unmerited hate there, I don't agree with your observation, I feel it has been the opposite.

Unfortunately, it's a hateful world.
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+ 1

however possibility of limit up/down days in a row - risk cant be controlled so you have to have smaller size and then why bother with this market. Just 1 limit up day in this case so that is nothing special.
 
Maverick74 said:
So what gives? We had about 5 active posters all over this trade giving play by play and suddenly everyone disappeared faster then a Malaysian 777 airliner. Dave, are you still in this? You are a no nonsense type of guy that usually lays it all out there. Just curious if you are still in this.
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Hi Mav, I thought I made it clear I was out before slinking away for a while.

Rearden Metal said:
To be exited by the end of the day, no matter what happens.
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drownpruf said:
I am glad you got out that day, but the synthetic was 90-100 above limit the rest of the day.
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Do you remember what was the size of the limit bid? Hogs algo is split FIFO/pro-rata with TOP and LMM if I am right. Depending on the number of ( stupid )prints and the size of Rearden order, it is possible he got out. I wasn't in that market so I don't know.
 
TraDaToR said:
Do you remember what was the size of the limit bid? Hogs algo is split FIFO/pro-rata with TOP and LMM if I am right. Depending on the number of ( stupid )prints and the size of Rearden order, it is possible he got out. I wasn't in that market so I don't know.
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OK, but those prints occurred before his post stating he would be out "no matter what". So I don't really get how this was possible as the synthetic went to 50-100 over lmt shortly after it hit (limit), and then limit up the following day. If he was somehow able, then great.
 
Rearden Metal said:
Hi Mav, I thought I made it clear I was out before slinking away for a while.
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Yeah I saw that post, I just wasn't sure if you got filled or not.

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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My back of the napkin math had you short a lot of contracts and I didn't see much fill after your post.
 
drownpruf said:
OK, but those prints occurred before his post stating he would be out "no matter what". So I don't really get how this was possible as the synthetic went to 50-100 over lmt shortly after it hit (limit), and then limit up the following day. If he was somehow able, then great.
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Yes. Just checked. I agree. Rearden will have to tell us...
 
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