“Let the scumbag LP BANKS work for you!”
Today’s blog is a little different, cuz I’m writing it in conjunction with what
I’m doing over in the crude oil blog … “essentially, over the next couple of
days, I’m laying out trading strategies most of you are not familiar with, but
when once you “get it”, and your brain gets freed from the one dimensional
“buy or sell and hope it works” mantra offered to the other 99% of traders by
brokerage houses, you’ll clearly see that you can get the scumbag LP banks to
work for you, no matter which way they decide to screw people and run the
market wildly … simply put, join the “fleecing team” and forget price direction;
all that matters is intraday volatility”!
So, whether you want to trade traditionally, or entertain strategies more
appropriate to market conditions, trading derivatives in your favorite major
market becomes a whole lot more profitable [“and that’s why you supposedly
trade … right? … to make money, right? … Ok then, for the vast majority of
spec traders, THIS IS A BETTER WAY”!], than what your used to seeing and
getting from traditional brokerage houses both in the U.S. and offshore as
well.
Oh yea, I know … many of you consider yourselves “sophisticated” traders
… well, I got a NEWS FLASH for you: “if you’re NOT familiar with NADEX,
or the derivatives traded on NADEX, you’re missing the boat, and quite simply
aren’t as “sophisticated” as you think you really are … trust me, I know from
first hand experience”!
There aren’t many people in the world that are in my “club” … I’m in my 5th
decade of trading experience full time … I was in the “pits” for about 10 years
… I’ve seen and experienced every market panic, in multiple markets, in the
entirety of modern financial trading … I’m co-author of a best selling trading
book, and have written extensively for many years … and yet, a few months
ago I was first introduced to NADEX by Cousin It, who I thought was messin’
with me when he first mentioned it … I thought, and couldn’t have been more
wrong, that NADEX was some “fly by night” European binary options bucket
shop, that simply fleeced the unwary of money. “In other words, my hubris of
being soooooo sophisticated and experienced, outweighed what was clearly before
me, and I initially rejected it cuz I thought I already knew enough about the
world of trading, there wasn’t anything that I thought was “new” to me, to get me
to take a look at it … but when I finally did, besides feeling like an idiot, my head
almost exploded! … where the hell has this stuff been? … well, right in front of
me, that’s where it’s been”!
And so, take it from one that knows … don’t sit there and tell me the subject
matter is too complicated … that’s bullshit … or, that there isn’t enough time
in your life to learn new things … we’re all here [supposedly] to make money,
and the higher your reward / risk trades are, the more you use the scumbag
LP banks to actually help you in your positions, and the greater the volatility
is … simply means you’re gonna make more money in shorter time, than you
originally thought was possible … “so, do what I did … wake the hell up and
smell the coffee, put your “big girl panties” on, and then dive right in to take full
advantage”!
As I stated yesterday over on the crude blog, in addition to WTI Crude Oil,
there are 20 other major markets, with accompanying derivatives [yes,
including gold], that are actively traded … the crude blog today sees an
example of a “binary arbitrage strategy”, that if you don’t find attractive, then
you literally need to go home … I put one on this morning for the signals
service, and you definitely need to check it out!
All of which, sadly, brings me back to gold … another shit overnight trade in
Asia & Europe, with no volume, zero liquidity, and another tiny range … “if
this was a prize fight, the ref would have ended this bullshit many rounds ago
… this is terrible & pathetic”! I don’t know what’s happened for sure, but the
bottom line is that gold has turned into one of the worst, if not the worst,
trading markets on the board.
Noon in New York, and quite frankly, gold sucks … it’s a familiar story of late
I know, but nonetheless the truth … this stuff isn’t even pretending to be
trading … nothing to do but sit and wait. The only reason it has a $7 range, is
the “Thelma & Louise” drop in 100 seconds to the low, followed by the very
quick move back up … and now we sit again. So far, after 5+ hours, New York
has about a $6 range, and that coming in a handful of M1’s that were spikes
from hell … get caught in this the wrong way, and it is almost impossible to
gain anything back given the action … nothing really else to say about this.
Late afternoon, and like yesterday, I can’t take another second of gold bullshit
… it simply can’t move and is dead in the water … a corpse at the frickin’
Morgue has a stronger heartbeat … can’t rally, won’t break, and what little
action this market does see, about 1 minute per hour, sees some mystery spike
from hell to clean out some stops, and as quick as it starts, it dies and goes
back into hibernation … in other words, nothing but bullion dealer bullshit,
with the sole intent to enrich themselves at your expense … a quick check at
the CME, shows estimated volume [as I write] at approximately 200,000
contracts … WTI Crude Oil, by comparison, has approximate volume of
420,000 contracts, more than double, and this is the slowest day in over a
month for WTI.
No trades in the PAMM today, or in the C2 options signal advisory … nothing
to do!
We just saw a move lower in gold, which after sitting and doing literally zero,
in terms of price action, simply vaults lower in seconds to hit a new low, and of
course now sits again … where did the selling come from? … most likely
somebody long who simply can’t take it anymore and liquidated with a dealer’s
loving help … “and this is the pain of gold lately … namely “TNT & Crickets”,
where there’s no way to capture anything unless you simply buy/sell and HODL
& then pray some the dealers don’t screw you on a stop hunt … NEWS FLASH:
this ain’t trading”. We’re at the same price we were at 4 days ago, with very
little to show in terms of movement … and that movement? … try $6 for 4
days … truly pathetic. Nothing really anybody else can add to what is a
market that acts like it wants to die.
Well, I’m not giving money away just to trade … our proprietary “volatility
heat map”, which measures intraday volatility, is so low, you need an electron
microscope to read it … bottom line is, you enter a trade in this shit, and you
end up making pennies and risking dollars … and this is a losing proposition,
which is why I sit, and why the PAMM sits. Soon enough, gold will come to life
[I think]!
Onto tomorrow … and now, please visit our sister site
www.traderzoocrude.blogspot.com and read my comments over there.
Today’s blog post contains a lot more than just what we did in oil today, and
everyone should be interested in the NADEX RUT2000 trade I did this
morning in the binaries, for our signals service, that was totally RISK FREE
with guaranteed profit! … “yes, you heard me right”! The crude oil blog page
isn’t only about crude oil … it’s also the other 20 markets as well, and if
guaranteed profit doesn’t pique your interest, nothing ever will! So, sign up
and follow us over there as well … I’m outta here … until tomorrow mi
amigos … Onward & Upward!!
Have a great day everybody!!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND
OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY
SERVICE. DETAILS IN “DOWNLOAD LINKS” SECTION IN
RIGHT HAND COLUMN. START YOUR JOURNEY FROM
WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!
