Financial topics

[CH86]

The Problem is that boomers refuse to govern within the bounds of the constitution. This does not mean in cases where the constitution is ambiguous, there are clear instances where the constitution and US law in general basically says "you can't do it this way, you have to do it that way" yet boomers govern contrary to the procedures outlined in the constitution anyway. In Europe it's even worse where boomer dominated governments openly veto election and referendum results routinely if the results are against EU consolidation.

[Higgenbotham]

Grats on the quant algo brain matter on the terminal H

The algos are in control again and I've been losing to them for the past day, so I just folded up the tent. I put my original short position from January 29 back on and will sit tight for now.

[aeden]

Doing the same slowly building position. When the upturn went as the chart indicated to a sixty degree upturn in no shape or manner could it be allowed to continue. The seam may of shifted to another sector but it is no way over. John may or may not be correct that they can algo the market but as we note also liquidity can on a dime stop. Will we hit a air pocket soon, maybe not. The proceeds have been spread out as far as risk management can be done in numerous CEF funds from the beta bouncers launch pads. I am amazed the vix ran as far as it did. As we mentioned it took twice as long as we thought so we are half as smart as we thought. Point is for us guys we may poke each others with sticks but who else had a clue...
On the recent melt up retest on the longs I sold half. In no way shape or manner holding cash is wrong but as we know the House will be burned down if they need something just as seen when they needed the LME stock held by you know who. I trended about 100 funds for dislocation like everyone else and will re link that post the statistical discounted.

http://gdxforum.com/forum/viewtopic.php ... unt#p37709

https://www.zerohedge.com/sites/default ... k=SiTQnuEw

The Americans are slow to fathom the internal rot and interest rates are fungible capital structures.

[Higgenbotham]

Doing the same slowly building position. When the upturn went as the chart indicated to a sixty degree upturn in no shape or manner could it be allowed to continue.

I got out on this downdraft we were expecting. From here I see no clear path and will wire out and stand aside until March.

[John]

> The algos are in control again and I've been losing to them for
> the past day, so I just folded up the tent. I put my original
> short position from January 29 back on and will sit tight for now.

> I got out on this downdraft we were expecting. From here I see no
> clear path and will wire out and stand aside until March.

How come you were successful last week, but not this week. What
changed?

[Higgenbotham]

> The algos are in control again and I've been losing to them for
> the past day, so I just folded up the tent. I put my original
> short position from January 29 back on and will sit tight for now.

> I got out on this downdraft we were expecting. From here I see no
> clear path and will wire out and stand aside until March.

How come you were successful last week, but not this week. What
changed?

When the manipulators lose control of the markets as they did in August 2015 and recently, there is no liquidity (few bids and asks) and the markets swing wildly. It's almost impossible for a good trader not to make short term money in those situations because there are (normally) wild swings in both directions within a few minutes of placing a trade. When the manipulators regain control of the markets, the ranges get so tight that I have to go back to picking a day or an hour that the market will turn like aedens and I did last night.

[Higgenbotham]

In August 2015, I wasn't short when the stock futures collapsed, so had just a few thousand in the account. I started trading when the market was gyrating out of control and the first night I traded all night. That first night I doubled the account. In one week, it was up 5 fold. In a few weeks it was up 30 fold. I took a fairly big short position, nearly as big as the account could afford, risking all the money in the account (with a stop). The market recovered and I lost all the money.

[John]

> In August 2015, I wasn't short when the stock futures collapsed,
> so had just a few thousand in the account. I started trading when
> the market was gyrating out of control and the first night I
> traded all night. That first night I doubled the account. In one
> week, it was up 5 fold. In a few weeks it was up 30 fold. I took
> a fairly big short position, nearly as big as the account could
> afford, risking all the money in the account (with a stop). The
> market recovered and I lost all the money.

My stomach feels sick just reading this.

[Higgenbotham]

My stomach feels sick just reading this.

I was working at the time. It was kind of weird coming into the office on 0-4 hours sleep a lot of days and talking to people knowing they had no clue what I was doing. I had to call my broker during work a few times. One was when margins was going to force me out if the market didn't turn that day and right after that the market dropped enough to get me back over margin. I never had any physical symptoms or had anybody ask if something was going on that I can recall. I zonked out in my cubicle a couple times and didn't wake up until about 15 minutes after lunch was over.

My goal had been to multiply the account another 30 fold, for a total of 900 fold. If the market had crashed that October, I may well have been able to.

[Higgenbotham]

So I guess the next stop must be 3500.

As one who is bearish, I don't want to forget the above chart and the importance of 2800 which I stressed in the days leading up to the most recent high. Do I know where the market is going? No, I don't. But as of now I can see a possible path back to 2800. Would I short again there? Maybe.