Sell, Sell!

Discussion in 'Trading' started by rmorse, Nov 24, 2015.

  1. rmorse

    rmorse Sponsor

    I found this on my LinkedIn feed.

    [​IMG]
     
    VPhantom, Sebastian11, EPrado and 8 others like this.
  2. LOL Good one.
     
  3. xandman

    xandman

    Never short Chicago Snow in March. The weather expression/heuristic from folk wisdom is " In like a Lion out like a Lamb" or vice versa. Being fresh off the banana boat, I didn't know this.

    The guys at the CME were unofficially trading total monthly snowfall in inches. It was a warm month, so I started shorting boat loads of snow at 3 inches. (Don't ask me about delivery or margin, there wasn't any.) 1 week left to go and I wasn't letting anybody out below 5. Even got into a shoving match..over Snow!!

    Well, the old saying proved true. It came in is a Lamb and came out as a Lion. 5-6 inches, if I recall. Lost a month's pay and a little tuition money.

    Incidentally, I am out oil and gold.
     
    Last edited: Nov 24, 2015
    VPhantom likes this.
  4. londonkid

    londonkid

    I am long the chicago/miami snow synthetic spread.
     
  5. OptionGuru

    OptionGuru

    The And It's Gone South Park clip is always good for a laugh.










    :)
     
    d08 and EPrado like this.
  6. rmorse

    rmorse Sponsor

    And.......it's gone!
     
  7. newwurldmn

    newwurldmn

    Or that Simpsons clip:

    I invested in pumpkin futures. They've been going up the whole month of October. I think they'll peak around mid January.
     
  8. xandman

    xandman

    LoL. I am glad we didn't have that around the time I traded snow.
     
  9. rmorse

    rmorse Sponsor

    blue horseshoe loves snow
     
  10. newwurldmn

    newwurldmn

    I think the wolf of Wall Street guy was a size buyer of snow too :)
     
    #10     Nov 24, 2015