Cut him a break, man, I had to google that I could have used this a decade ago: Edit: boy, I was totally clueless about this...
LOL... that's one explanation. Another could be trading family accounts, but I doubt that. If it is a prop firm, I wonder what the payout rules and ratios are. If I made $16k in one day, after already having an amazing week, I'm not sure why I would need a prop firm, and I'd also be worried about them paying me out to be honest. Doing it this way tough also means less flexibility. I mean if you can only trade in multiples of 5, so having 5, 10, 15, 30 contracts on, its difficult to scale out. If I really had a position on for 5 ES, which seems large to me, there is no way to scale this down to 4, 3 or 2, since the 5 lot represents just one contract in each account. Anyway, but what do I know... I didn't make 16k today... LOL
Well, he explicitly said in the past that his family roped him out of a sinking hole with a condition that he not trade again. But that sneaky MOFO, as we all know, is a smart one.
LOL... I didn't actually know this. Perseverance and stubbornness are two sides of the same coin. Its very hard to know which is at play most of the time.
YoY revenue is down, but only 1%... They're going to fire 15% of staff... horrible, but I thought WS liked "resizing" Suspending dividend for 4th quarter
Will need to wait until they give their guidance, but AAPL ain't going up that much (unlike with META last night).
That's true, and we must bow down to the God of Flexibility to gain our salvation. But again, easier said than done. Anyway, have you read "Think and Grow Rich"? That picture. It's right out of that book.
Exactly. But did you read the CNBC article I posted above? It states that Wall Street now believes "bad news" is actually bad for the market. Seriously, you can't make this shit up. Oh I left out the damn headline: It turns out that bad news for the economy may actually be bad news for the stock market
Bad guidance? Man, the only reason why I switched from trading stocks to futures (like in 2002) is because of these earnings crap. Back then, no matter how good or how bad the market darlings were, it didn't have much impact on the indexes. Now indexes move in lockstep and I need to monitor their earnings. I wonder if it's high time to jump to something else.