Agreed. Fresh MBA grads from top b-schools (HBS, Stanford, Wharton, etc.) get roughly $250K package right out of the gate. This includes base,...
USO is not a good direct exposure to oil. UCO is more direct but also risky as well since it'x 2x. SCO is 2x bear oil etf.
I was trading the June contract on IB. It was wild. Luckily, I came out of it relatively unscathed. But it's not for the noobs and faint of heart.
Thanks! Thank god I never hold USO over night else it would have been a total disaster. I only scalp intraday. Did 3 scalps total. Pre-market...
LOL. Have you guys seen his videos on Twitter where he cussed out after every bad trade? Hilarious. Also he's a guy with $ and no edge....
In and out of $USO this morning on a few scalps. Up $1080.19. Done for the day since I have non-trading activities(i.e. work) to do. Crazy...
USO trades even very differently from the June contract. June is down and USO is up(intraday from the open not from Friday's close).
The low was $1.02!!! wow. I read that certain basins in TX and LA the spot prices went NEGATIVE.
My point exactly! I rather have a ATM spitting out cash flow all the time which will adds up and has constant and fixed risk than try to compound...
I realize what consistency is. I follow the same process each and every time that's why I'm able to generate consistent profits. So my consistent...
That's a distinct possibility, but I hesitate to say I'm fully there. I'll explain at the end. I've withdraw a decent chunk of $ from my winnings...
The other Rentech funds are LONG TERM. This tells me it's very difficult to build long term predictive models. Too many exogenous events can...
For years, I was a stupid countertrend trader. Short the highs and buying crashing stocks. That was the MAIN cause my account blow-ups. I would be...
haha. I'm spoken for. :)
Scalping is the way! Least amount of risk and most steady profits. Trend trading is hard... I'm still learning trend trading. You sound like a...
But Universa doesn't have 66% annual return for the last two decades or whatever. LOL. Universa only makes money in a crisis black swan event and...
I know where you are coming from and thinking. That would normally be true for other traders. but my style is DIFFERENT. Very different. Since...
Jim Simon's Rentech beating all the other hedge funds(quants or not) again. Genius. The one quant manager I admire the most on so many levels. A...
Green almost nearly fcking day in Feb and March with very low risk. Once you have spent thousands of hours, then you'll realize what a real edge...
During Feb and March when the Dow was tanking multiple thousand points a day, I still made money going LONG. :)
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