First, let me clarify “Wall Street”, I consider that as anyone in finance. I have been seeing at least for some time many post from people within growing cynical. Cynicism is natural and unavoidable by anyone who thinks. When you get so close to something you are going to see flaws. A diamond is never… Continue Reading
Monthly Archives: November 2011
About the impending economic collapse.
Eric Jackson wrote about the financial world becoming “Bubbleheads”, read it here. In that article he takes an excerpt from an interview with Micheal Burry, one of those that predicted the housing bubble popping. Mr. Burry brings up the concept of a timer. First let me get something off chest and clarify my point of… Continue Reading
Zerohedge call for doom causes markets to rally 18 more handles.
Last night there was news of an IMF bailout that was quickly rebuffed. Futures gapped up on 25 handles. After the denial hit the wires, your friend and mine, Zerohedge comes out with IMF Package Denial Sends ES And EURUSD Tumbling. Market did not take out opening print and then rallied 20 more handles. In… Continue Reading
Basics of S&P 500 limit up and limit down.
Brief History Limits were created in 1988 and percentage move limits have been used since 1998. How they are calculated. Limits are calculated after each quarterly expiration of contract based on average closing price for the front contract. I am not sure how limits are created for other months as I do not trade them.… Continue Reading
Is the trend really your friend?
From the archives. If you are the least bit familiar with my work, you know I hate these phrases. “The trend is your friend”, is probably one of the most commonly used of all of these phrases. It seems very logical, a good story and easy sell. Plus it rhymes so it must work, right?… Continue Reading
Congress should be able to inside trade.
If you cannot get away from your hatred of congress than there really is not any point in reading further. This is not about them being able ethical, of course it is not ethical. I will answer any criticism I get in the comments, as long as it is intelligent and you have at least… Continue Reading
Infographic: Occupy vs Tea Party
I am never sure how they get this data but in some ways I did not find it all that surprising. Source: http://accelerated-degree.com/ We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121, email info @ traderhabits (dot) com… Continue Reading
Why futures margin changes do not matter to the market until MF Global blow up.
What I have always liked about futures is there is less barrier to entry and you it does not cost you anything to use margin. In fact I do not know anyone who does not take advantage of margin. For example if the S&P 500 is trading at 1250 the value of one e-mini is… Continue Reading
$CME letter on $MF Global Bankruptcy.
After reading I am still unsure what it means. I guess collateral, not sure if they mean cash or are just talking seats and bonds. To the CME Group Trading Community: Yesterday marked one week since a Trustee was appointed to liquidate MF Global Inc. due to a shortfall in customer segregated funds held at… Continue Reading
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