Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

That crude contango

couple weeks ago a bunch of funds were piling into oil futures.

 

[Domingo Halliburton]

lol at these tweets from Doug Kass. I don't know a lot about him but he must blow somebody at CNBC because they were pimping his book hard a couple months ago.

 

[Domingo Halliburton]

People piling into vxx I may follow suit

 

[CosbyMadeMeSellDrugs]

I think I'm gonna get into some options tomorrow for the first time. Wish me luck

 

[Domingo Halliburton]

I think I'm gonna get into some options tomorrow for the first time. Wish me luck

If the market is up tomorrow go long calls on the vix. Depends if they pile in that trade or not. Especially if the stock markets are green.

Edit...if you don't know what the vix is don't fukk with it.

 

[88m3]

If the market is up tomorrow go long calls on the vix. Depends if they pile in that trade or not. Especially if the stock markets are green.

Edit...if you don't know what the vix is don't fukk with it.

How can I short the Euro to 0?

 

[CosbyMadeMeSellDrugs]

If the market is up tomorrow go long calls on the vix. Depends if they pile in that trade or not. Especially if the stock markets are green.

Edit...if you don't know what the vix is don't fukk with it.

I'll look into that. Appreciate it.

If I remember right you aren't a fan of FXCM. I ended up listening to their CC today & I liked what I heard regarding the loan and going forward.. I don't see that much risk (long term). What you think?

 

[Domingo Halliburton]

I'll look into that. Appreciate it.

If I remember right you aren't a fan of FXCM. I ended up listening to their CC today & I liked what I heard regarding the loan and going forward.. I don't see that much risk (long term). What you think?

How can I short the Euro to 0?

I dont dislike FXCM. They just got caught on the wrong side of the Swiss Franc being un-pegged from the Euro. And the collapse was pretty spectacular.

Some of the smartest people in the world get caught on the wrong side of a trade. Look at LTCM.

Currencies are probably the most stable markets in the world. You have to borrow money and leverage your positions to make money.

This is where FXCM failed. They were letting their customers leverage 10 to 1. And they were on the hook when the Swiss franc moved up 30%.

Use FXCM if you want to its the biggest ( I think) platform for retail investors i wasnt sayijg it was bad, it must be popular for a reason. could probably find an etf as well that does the same thing.


@88m3 type in "short euro etf" into google there's a bunch and double and triple leveraged etfs as well.

@jvojoey I misunderstood your question at first, wasn't FXCM bought by Jeffries?

 

[Domingo Halliburton]

By the way apple is way outsized right? We're taking profits, yes?

 

[Domingo Halliburton]

@jvojoey my bad dude you know more about it then I do. Let me read up on it a little more. I haven't followed it since January.

 

[CosbyMadeMeSellDrugs]

I dont dislike FXCM. They just got caught on the wrong side of the Swiss Franc being un-pegged from the Euro. And the collapse was pretty spectacular.

Some of the smartest people in the world get caught on the wrong side of a trade. Look at LTCM.

Currencies are probably the most stable markets in the world. You have to borrow money and leverage your positions to make money.

This is where FXCM failed. They were letting their customers leverage 10 to 1. And they were on the hook when the Swiss franc moved up 30%.

Use FXCM if you want to its the biggest ( I think) platform for retail investors i wasnt sayijg it was bad, it must be popular for a reason. could probably find an etf as well that does the same thing.

My bad I must have remembered wrong, I thought you made fun of them or something

edit: The future actually looks a little promising for them, with the earnings from Q4 alone they should be trading higher than they are. They stopped trading currencies that have risks such as floors & what not. They've paid back $12 million of the loan already & the first payment isnt until April sometime.

 

[analog]

http://www.bloomberg.com/news/artic...ason-made-millions-from-penny-stock-financing

Always see posts advising to avoid penny stocks due to how easily they're manipulated so I found the details(new to me) in this article quite interesting. Hell of a hustle/come up.

 

[Domingo Halliburton]

My bad I must have remembered wrong, I thought you made fun of them or something

edit: The future actually looks a little promising for them, with the earnings from Q4 alone they should be trading higher than they are. They stopped trading currencies that have risks such as floors & what not. They've paid back $12 million of the loan already & the first payment isnt until April sometime.

I mean yeah i was probably making fun of them. They were being reckless. I could go back and quote my posts. Now that I look at it it was January 16th when the CHF thing happened.

Bro I've seen dudes get a 40% interest unsecured loan a couple years ago. I'm just as reckless.

On top of that investors buy these loans bundled in securities.....look at On Deck's model.

 

[CosbyMadeMeSellDrugs]

I mean yeah i was probably making fun of them. They were being reckless. I could go back and quote my posts. Now that I look at it it was January 16th when the CHF thing happened.

Bro I've seen dudes get a 40% interest unsecured loan a couple years ago. I'm just as reckless.


On top of that investors buy these loans bundled in securities.....look at On Deck's model.

Haha you saying something about Jeffries a bit ago rung a bell.


"The market data from January 15 shows that while it appears many of the FX ECN's have few or even no circuit breakers to halt trade execution in the case of extreme pricing, FXCM's circuit breakers aided its clients in this extreme market movement. The market could have been functional if circuit breakers had existed at every level."

It seems like while they were being reckless, it wasn't entirely their fault (apart from the obvious swiss franc move)

& I know exactly what you mean by being reckless with things like that lmao

 

[Domingo Halliburton]

Haha you saying something about Jeffries a bit ago rung a bell.


"The market data from January 15 shows that while it appears many of the FX ECN's have few or even no circuit breakers to halt trade execution in the case of extreme pricing, FXCM's circuit breakers aided its clients in this extreme market movement. The market could have been functional if circuit breakers had existed at every level."

It seems like while they were being reckless, it wasn't entirely their fault (apart from the obvious swiss franc move)

& I know exactly what you mean by being reckless with things like that lmao

They didn't have circuit breakers? Damn, Nasdaq and NYSE would have halted that shyt. But they also have much more capital.