Thank you for reading my post and being so open about your struggles. First, you are not alone. Trading is an endeavor that can suck you in and...
The best (yet still imperfect) analogy I can use is that of Texas Hold 'em. When you traded on the trading floor, you were virtually guaranteed a...
I often forget that most traders today have no idea what the trading floor experience was like. The objective was the same - make money. The...
Your 1, 2, 3 approach is excellent!
No regrets in trading? You are indeed a rare commodity. If you are up for it, would you unpack this a bit? Do you have a process to set regret...
I like your take on Phil actually being the content person in the pit. I never considered that before. PS: My books are free for the asking.
It’s a Miserable Life – Trading and Depression By now you all have heard of FOMO; Fear of Missing Out. Let me talk to you about FOMO’s cousin,...
Thank you so much for those kind words. I'm not sure how to answer your question as to what was the effective maximum risk of that trade. Any...
I actually saved my monthly statement. It was Friday September 3, 2004. March 2005 Eurodollars. (EDH05).
For clarity, 40 and 60 were not the "handle". In this post I am recalling the last two digits of the price that traded. The full price would have...
Keep in mind that the front-month Eurodollars are the equivalent of the 30 day interest market. So when the short end of the yield curve was...
Fair warning - this is a VERY long post. It’s been almost 15 years since I left the trading floor, and I still dream about it! I count the 20...
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