RM's occasional market calls...

Maverick74 said:
You don't need to clarify anything. I was responding to this comment:
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I was simply saying it's not "normal". But your normal may be different than mine. That's cool. So I was hanging around shooting the shit.. asking for some input on what's driving it. And I was hoping for something more than "supply and demand". So I wasn't sure if you were raining fire from heaven or if I wasn't clear enough on something I said.

I was agreeing with you. That these thinner markets take off. And not as easy to fade as the last call type he had. I don't know about the others. I only recently started reading the thread. The only reason I was reiterating was because no one was really talking about that. I felt it was important. And in no way was I trying to belittle RM as a trader over one call that went sour.
 
nth said:
That these thinner markets take off. And not as easy to fade as the last call type he had.
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His last call (the ES call prior to the hogs) wasn't a "fade"; it was buying a pullback in a well defined uptrend.
 
NoDoji said:
His last call (the ES call prior to the hogs) wasn't a "fade"; it was buying a pullback in a well defined uptrend.
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Forgive me and thanks for clarifying that. I stand corrected. :)

I didn't pay too much attention. I do remember it was something with a lot more weight. I didn't try to figure out his style. I was just stating a "hey fading thin markets might not be good for your health". If anyone wants to gleam from it, k. Otherwise we do as we choose hey.

Cheers
 
nth said:
Forgive me and thanks for clarifying that. I stand corrected. :)

I didn't pay too much attention. I do remember it was something with a lot more weight. I didn't try to figure out his style. I was just stating a "hey fading thin markets might not be good for your health". If anyone wants to gleam from it, k. Otherwise we do as we choose hey.

Cheers
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Look, I'm just trying to help here and my comments are aimed at others reading this thread as well. Another thing I want to correct here is this notion that "thin"markets should not be faded. It has nothing to do with how "thin" a market is. Anyone who has been fading the ES is probably a full time Walmart greeter now. Anyone who faded Bonds two years ago is probably working in the checkout counter at Walmart. Anyone who faded nat gas a few weeks back is probably doing aisle cleanups at Walmart. These are NOT "thin" markets. I just wanted to dispel that notion that somehow because a market is thin it has some kind of special property that should be avoided and because a market is deep and liquid, well fade with both hands!
 
Maverick74 said:
Look, I'm just trying to help here and my comments are aimed at others reading this thread as well. Another thing I want to correct here is this notion that "thin"markets should not be faded. It has nothing to do with how "thin" a market is. Anyone who has been fading the ES is probably a full time Walmart greeter now. Anyone who faded Bonds two years ago is probably working in the checkout counter at Walmart. Anyone who faded nat gas a few weeks back is probably doing aisle cleanups at Walmart. These are NOT "thin" markets. I just wanted to dispel that notion that somehow because a market is thin it has some kind of special property that should be avoided and because a market is deep and liquid, well fade with both hands!
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I realized that was coming after I posted that.. an argument to "thin" cuz not all "thins" are the same. And I never said we should fade markets that are liquid just cuz they are more liquid. You added that on your own. So if you want to spell it out go for it. And thanks for including the fact that there is not only one single factor to trade off of. I hope everyone knew that already.

For the audience, "thin" is absolutely not the single factor to consider in trading any instrument.
 
Looks like hogs have finally topped out around $128. Absolutely incredible move from mid-Feb to mid-Mar. Once in a career stuff.

I understand a fair number of commercials have been heavily squeezed and a few were very badly burnt by the speed and magnitude of the move.
 
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