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Intel55 - been reading your past few messages that portray such a wildness
in talk and spirit, reminding me of novice traders making their first
winning trades. And your messages are getting less "exuberant" with each
new one. As a trader, I'm happy you are making good, money-making trades -
that's definitely great, but, you are setting your own-self up for a good
hard fall. Why don't you stop yelling for a while, and instead, walk
softly and carry a BIG stick, so you may continue making those BIG trades.
To the rest of the Real Traders, I apologize for this response taking room
on your board, but enough is enough. Remove me if you wish - Richard
At 06:31 PM 7/25/97 -0400, Intel55@xxxxxxx wrote:
>In a message dated 97-07-25 04:09:10 EDT, nwinski@xxxxxxxxxxxxxxx (nwinski)
>writes:
>
><<
> Dear Intell,
> LOL!! Yep, I am laughing too, because so far Gold made a low and
> has rallied right on schedule as I told you it would. You obviously
> are making money on call option premium erosion and not on being
> right on the gold market. It's hillarious. Oh, by the way, I am long
> silver and used today's spike rally to sell half of my position at
> $4.435, just .015 from the high tick. I also plan to stand ready to
> buy against the recent lows. Gee, it if goes down I will be happy
> because
> I can buy back my position for lower prices and if it goes up I make
> more
> money. Oh my, the laughter is starting to hurt. I better stop now before
> I hurt myself from laughing so hard.
>
> Co(s)mically,
>Norman
>
>
>P.S. Why are you bothering with gold, not making enough money trading in
>the S&P pit? How do you get your CQG machine into the S&P Pit? Does
>it fit in your yout trading jacket? Is that a cel phone, sat, or FM
>feed?
>It sure is amazing how small they can make these sophisticated machines
>these days.
>
>>>>>>>>>>
>Yupa suckers rally into the weekend. Gold will be lower, not to worry and the
>stars don't even need to tell me. I just you my own common sense. Just one
>day, wow yippe. I just look at the charts and point to the trend and not the
>stars. How anybody trades by the stars is beyond me. I just know that not a
>single trader I have ever met uses that junk. Oh well........I am still
>laughing about you billion year old injun trading manual!!!!!!!!!!!
>As for the CQG machine in the S&P pit...hahahaha yeah right. The Merc has
>about 15-20 of them on the lower trading floor. I said I step out of the pit
>and look at the charts.
><<P.S. Why are you bothering with gold, not making enough money trading in
>the S&P pit?>>
>That is funny. Even if I told you how much money I make in the spooz you
>wouldn't believe me. I trade from a 1 to 100+ lots when I can. THere are only
>about 20 traders in the pit able to trade 100+ comfortably. Today in fact my
>largest trade, late in the afternoon, was a 50 lot sale at 94740 and bought
>it back at 94410, you figure it out. I trade other markets b/c I am a trader
>at heart and enjoy it. If you had ever been near a real trading floor you
>would know that there is bascially nothing in the pits but stinky guys
>yelling and cursing at each other. I trade almost everything that has a
>liquid market.
> <<You obviously
> are making money on call option premium erosion and not on being
> right on the gold market. It's hillarious. >>>
>
>uh huh funny that I am making money.......hmmmm yup..rolling in negative
>theta. Even sold a few more oct 340 calls at 220 today. If it pops up there I
>sell more, they were gunning for te stops the other day, but failed. Strangle
>here for in the works. But you go right ahead and trade with the injuns and
>the pretty stars from the trading Mecca Italy.
>
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