Chapter 15 Marty gives his wealthiest clients insulting pseudonyms in this chapter. I guess it’s because they’re his most vocal critics. OPM is the only way to make the big money but they’re always watching over his shoulder and they’re never ...

The Finance Book Club

I sure was wrong about this. Hopefully you coppered my bet.

WTI Crude Oil Trading

Chapter 14 Before the end of the first year he asks his investors if they’re going to stay with the fund. How? He doesn’t even know who they are, remember? If one client bails, they all will, at this level. The 4 and 20 management fee structure is ...

The Finance Book Club

Chapter 13 Schwartz has the enviable problem of making millions of dollars when he wants to make tens of millions of dollars. He can do this by trading OPM (other people’s money) but he doesn’t like the hassles of working with clients - checking in ...

The Finance Book Club

Welcome to the community! image Just kidding! Kind of.

The Finance Book Club

I found a screenshot I had taken that included the FF trades page on the other side of the screen. This was taken 2022-12-19, closer to the end of the year. Let's see if any of these contenders pop back on the radar in the coming months image .

Clemmo's Trading Odyssey

Time to check in on the FF leaderboard. image Well done goldeyes! Still hanging in there. I see no one else from the start of the year? Nope. All new faces. So what's Goldeyes' secret? Don't trade. Leave any losing trades open for months at a ...

Clemmo's Trading Odyssey

Chapter 12 To trade successfully, I needed my rest and at least three hours of nightly preparation. All traders are weird in some way. Helmut Weymar chairman and CEO of Commodities Corp. - “Computers are a great tool,” he said, “but you’ve still got ...

The Finance Book Club

I got to $100 today so that's 500% since 2022.11.17. Just under 60 trading days? If I could grow an account at this rate to any decent size I'd be fairly chuffed, but I suspect that's not going to be permitted. Also if I could get this sort of ...

$50 challenge

Chapter 11 Marty Zweig lives in Schwartz’s building so when he makes his famous 1987 crash prediction on TV he invites him over to talk about it. His forecast was for the next few weeks/months, not the following day so they are both taken by ...

The Finance Book Club

I wondered if this is a 'buy the news, sell the fact' after positive earnings reports in the US?

DAX Futures March 2023

Chapter 10 Auctions and markets have similarities; I think that’s the point of this chapter. The Schwartzes get into art-collecting. Buy only the best inventory. That gives you the best liquidity. Schwartz compares art gallery BS to market BS. ...

The Finance Book Club

Chapter 9 Negative thinkers are losers. For many traders making money is the goal, because their egos want the power that money brings. Schwartz spends a lot because he wants to live the sweet life now, and this cuts into his bottom line. Don’t ...

The Finance Book Club

Chapter 8 Before 1983 traders toiled in obscurity, mostly, unless they went broke in a big way. Then came contests such as the Financial Traders Association - Stock, Option & Commodity Trading Championship. Run by Norm Zadeh, the Don King of ...

The Finance Book Club

image I'm not saying it's going to happen, because as the recession deepens, the Brit economy will be harder hit than the US, but this recent double top would make for a delicious bear trap. One little zag and then grind upwards. The USD index has ...

Clemmo's Trading Odyssey

Chapter 7 Marty trades with his wife in a space they borrow from Bear Sterns, the clearing house. She reinforces his convictions whenever he’s hesitant to pull the trigger. When she leaves to go buy a mink coat with her mother, Marty irrationally ...

The Finance Book Club

Chapter 6 The favourable tax status of futures profits comes from the history of tax straddles, an investment strategy that was outlawed by the IRS in 1981. The CBOT and CME, who made large profits on tax straddles, lobbied congress, but lost. ...

The Finance Book Club

Haste is never more dangerous than when you feel that victory is in your grasp. - Eugene Znosko-Borovsky

Clemmo's Trading Odyssey

Chapter 5 "I discovered an interesting correlation between the Canadian and American gold stocks and the price of gold itself. The stock prices tended to rise and fall before the price of gold, which made them a leading indicator for gold prices." ...

The Finance Book Club

When prices are moving slowly like they are today I feel like a sitting duck. That's partly the function of a distribution range - waiting to see how new flows align themselves and then finally moving in the direction of least resistance. So I ...

Clemmo's Trading Odyssey