I think he meant the S&P: "AR: It's .25 each tick. For the S&Psâ¦. well, for the S&P we're talking about $12.50, each tick. The Dow Jones futures, each tick will cost $5. That's why I do the Dow Jones futures." Although he said it later: "One of my mentors is a bestselling author and trader." But he didn't mention him when he was asked about his trading heros. He could have mentioned this friend, specially because he is also an author, so free publicity....
Well, the answer to her question (FORBES: What's the tick size in the Dow?) was 1 point / $5.00 but instead he answered .25 and then clarified himself. Maybe he was confused but I can guarantee you that this guy talks more than he trades, if he trades at all.
"I go to bed every night, i dream of another recession" When i created this thread, that youtube video had 200 odd hits, now its over 500,000 in a day. he should of just said something along of the lines "I go to bed every night, i dream of a market panic" Bad choice of words has made him infamous
THis guy is obviously a successfull trader. He knows a bunch of cool tricks, and special indicators. MOving averages and such... http://www.leadingtrader.com/09/gold-and-silver-markets-where-are-precious-metals-headed/ "If this Gold reverses, let me tell you, I am going to go long!!"
lol... Governments don't rule the world... Goldman Sachs rules the world. I can't believe he said that on the air.
Hook, line and sinker for me....at first After I thought about it, I tried to edit my first post into some of what he was saying was true but, couldn't be bothered by it and now turns out to be fake---- Burned by the high heater!
"My folks, I can't comment on them, to be honest. I can't say where they are right now, they're temporarily out of the country. " They need to investigate his "folks". Major Major Major tax evasion scheme here....
Just because he doesn't have the credentials, that doesn't mean he can not speak the truth. Hell, a 5 year old kid could say the Iraq war was about oil, would you discredit him based on his age alone???