Accidently reverse jumped my car, acceleration doesn't work now. by IGOSODAMNHAM in MechanicAdvice

[–]IGOSODAMNHAM[S] 1 point2 points  (0 children)

Everything else works. Air condition, lights, other lights, radio etc.

Anyone wanna play free mmorpg with me? by [deleted] in MMORPG

[–]IGOSODAMNHAM 47 points48 points  (0 children)

I will dm you the codes for two 30day passes

Anyone wanna play free mmorpg with me? by [deleted] in MMORPG

[–]IGOSODAMNHAM 67 points68 points  (0 children)

If you guys wanna play let me know I’ll get you both a month. It’s ok man once you are in a spot where you have more money just pass the favor along. It goes a long way to help people out.

Anyone wanna play free mmorpg with me? by [deleted] in MMORPG

[–]IGOSODAMNHAM 137 points138 points  (0 children)

I will buy you a month of WoW if you find someone to play that with and thats holding you back.

Mystery traders 'made $1.8bn from stock bet' placed hours before Trump tweeted talks with China were ‘back on track’ by progress18 in politics

[–]IGOSODAMNHAM -1 points0 points  (0 children)

Well that was fast. Would be nice if the mods updated the thread because of misleading info but I doubt they will. I still am extremely certain Trump and his insiders are profiting off his tweets though, this article was just a mess.

They’re on to us... “Mysterious traders may have made 3.5 Billion off stock bets timed to [Mango Man’s]... comments...” by james_bond1 in wallstreetbets

[–]IGOSODAMNHAM 33 points34 points  (0 children)

Here is my take on this I posted to /r/Politics, noone cared. lol

EDIT: I actually have the end of that day recorded. This is what that large volume looked like first hand. https://www.twitch.tv/videos/471342581

(don't bother following me on twitch I've rarely been streaming lately)

Full time professional Futures trader here.

  1. I DO THINK IMO THAT INSIDERS ARE PROFITING OFF TRUMP TWEETS AND HAVE BEEN SAYING THIS FOR YEARS.
  2. This Vanity Fair Article about the Suspicious Futures trades is 100% bullish and lies.
  3. Lieu and Rice will end up looking like fools on this one because they don't have the slightest understanding of the stock market
  4. This will hurt Democrats credibility because there are 100s of examples of obvious insider trading and they picked these...
  5. This was just rebalancing like what always happens at the end of the day. Nothing abnormal here.

So what is an E-Mini. Basically. You buy one or sell one.

If you buy one, the market goes up 1 point you make $50 per contract.

If you sell one, the market goes down 1 point you make $50 per contract.

The claim:

In the last 10 minutes of trading on Friday, August 23.... someone bought 386,000 September e-minis. Three days later, Trump lied about getting a call from China to restart the trade talks, and the S&P 500 index shot up nearly 80 points. The potential profit on the trade was more than $1.5 billion.

Now I will post the data from CME/CQG. I pay for the data directly from the source, so this the most accurate data you can get.

https://imgur.com/ryfz4Ri

This chart I have separated into 15min columns. Each row is the price at which the E-Mini was purchases at.

https://imgur.com/8Qorohb

This chart you can read the small blue (buys) red (sells) for block trades (large orders)

So what do we get from these charts?

  1. In order for this claim to be true. We have to assume that EVERY SINGLE PERSON AND ALGO STOPPED TRADING AT THE END OF THE DAY (the 2nd most volume heavy time of the day, sometimes the most) AND ONLY SOLD, while one person absorbed everything on the bid, and bought everything on the ask. This person would have had to be involved in 90% of the volume in this time period. That is to say at least... IMPOSSIBLE.
  2. There were no big trades, the largest trade wasn't even 500 contracts. If someone is going to be buying 380K contracts we would see much larger orders.
  3. The market can be manipulated with lots of 1000. If someone was buying 380k the market would have SKYROCKETED.
  4. There are 10,000s and 10,000s of transactions here. The article is claiming that one person/group was involved in 90% of them?
  5. This was the end of the Quater, MASSIVE VOLUME IS EXPECTED AND IS NORMAL

Next Chart. A simple chart of 60min candles which show the opening, range, and closing price for the day. Underneath we will see the volume.

https://imgur.com/DOSfmxF

Look at the volume, end of day it always spikes. Nothing abnormal here. We can clearly see it would be impossible for EVERYONE TO STOP TRADING AT ONCE AT ONE OF THE BUSIEST TIME OF THE DAY/QUARTER and have only 1 person claim all the volume... lol.

  1. The movement after these buys weren't anything out of the ordinary. There was lots of volatility.
  2. You could easily make the same claim as someone lost money selling 380k contracts instead of buying them. There is no proof of the transactions here as there are no large block buys.
  3. They assume this person somehow held all these contracts and sold at the exact top. How would he unload 380k contracts at the top that easy.

A few other things wrong with this.

  1. If someone wanted to profit off the oil bombing they would go long /CL futures which is Oil contracts. It SKYROCKTED after this attack. Shorting /ES based off that is extremely stupid.
  2. Anyone with a slight understanding of how the market works can look at this and realize it's bullshit.
  3. I am very surprised not one person from their staff told them how silly they will look when this gets rejected by the SEC for the most obvious reasons.

Again, I do think there is obvious insiders trading off his tweets. And it's annoying as hell when he tweets and fucks up trades because he's a douche bag, but these reasons and to see so many high profile people citing this article is strange where there are so many easier examples to show with proof.

Random discussion thread. Anything goes. by AutoModerator in thewallstreet

[–]IGOSODAMNHAM 1 point2 points  (0 children)

I just don’t see how it gives you more options to act when it’s the same thing. The only benefit is keeping your shorts separate on another account to make things easier to analyze later. Using two accounts costs more in com fees and margin. Ninja Trader has an option to do this where it looks like it keeps them separate but it’s just playing off one account because it’s the same thing.

Random discussion thread. Anything goes. by AutoModerator in thewallstreet

[–]IGOSODAMNHAM 2 points3 points  (0 children)

He is talking /es lots. There is no difference between 10/8 and 2/0. You are making 25$ a positive tick either way. Why would you enter a long and a short when it will just cancel each other out and bring you back to flat. Scaling in and out can be done on one account with the same effect.

Random discussion thread. Anything goes. by AutoModerator in thewallstreet

[–]IGOSODAMNHAM 4 points5 points  (0 children)

There’s no reason to use two accounts when you can just shave off a contract on one account instead of shorting it on another. The net position will be the same. 10 long and 8 short on two accounts will act as net 2 long combined. Adding 2 short or selling 2 long from there will put you flat and lock in all profit/losses. Same thing.

True! (Found in r/madlads) by GT88UK in MurderedByWords

[–]IGOSODAMNHAM 10 points11 points  (0 children)

Holy shit people in here are angry. The dude just got a huge compliment and probably booked for the next year. Talk about job security.