TTJ

Been at this a long time, doing my best to keep it real.
Check it out...

[TTJ @Financial_Ink]

Trading is a waiting game.

Always has been, always will be.

The market action must match our style, or our style must match the action.

That's when we get paid.

No other way around it.

[John Kemp @JKempEnergy]

Retail traders will lose money in 24/7 oil markets

Most professional traders are unenthusiastic about plans to move to continuous oil trading, including weekends, with new micro futures products aimed at retail customers, but the change is probably inevitable.

“When it comes to the question of whether the oil industry needs 24/7 trading, my answer is simple: “Hell no.” according to Bloomberg’s chief commodities columnist Javier Blas.

“From what I hear in the oil-trading community, most share my views. Yet, round-the-clock trading is coming. In fact, it’s essentially already here, via unregulated financial markets,” he wrote.

Start-up markets have already begun to offer continuous or near-continuous trading in crude oil prices tailored to the needs and financial means of retail customers.

In response, the Chicago Mercantile Exchange (CME) has requested permission from U.S. regulators to launch its own micro futures contract for 10 barrels rather than the usual 1,000 barrels of crude.

“Trade oil in your size, on your time, 24/7” the exchange’s website says, enabling customers to sign up for updates about trading ten barrel WTI oil futures.

Traders as well as analysts and journalists are unlikely to be thrilled at the prospect of continuous markets — meaning more working hours including weekends.

But technology changes and the commercial logic makes longer trading hours inevitable, as the Bloomberg article makes clear.

In the long term, most retail traders will lose money because they under-estimate the information and technology advantages held by professional traders and over-estimate their own trading “edge”.

Longer trading hours, smaller contract sizes and more retail trading are likely to accelerate the wealth transfer from retail “outsiders” to professional “insiders” ...

The full article is free to read on my website: https://t.co/5e4VlSwEki

[TTJ @Financial_Ink]

@bclund You can do it. Easy.

[TTJ @Financial_Ink]

@bclund Big problem right there

[TTJ @Financial_Ink]

@bclund nice chianti and fava beans?

[John Arnold @johnarnold]

The World Cup was exactly what America needed, at exactly the right time. In an era when nearly everything divides, sports has a unique ability to unite.

The World Cup is special because it is one of the few events where we are not rooting for a city, a college, or a pro franchise. We’re rooting for the country.

Moments of shared identity like this are rare, but they matter. During this month, people who disagree about almost everything else can wear the same jersey, root for the same outcome, and debate the same Balogun red (bad call).

Americans found a moment to come together and root for the country as one. More than 33 million watched the last US game, an audience larger than that for the college football title game or the deciding NBA Finals game. And that was for a round of 32 game. Against Bosnia. The audience will be bigger against Belgium tonight.

So much of entertainment is personalized today as we all watch a different show at a different time on a personal device. But the World Cup is best viewed in a crowd, in a community, and hence dozens of cities have created public viewing venues. Hundreds of thousands of people in dozens of cities will attend a public watch party at a park or random stadium tonight, just to be able to passionately chant “U-S-A” in unison and celebrate collectively.

The tournament has also given millions of visitors a chance to experience America beyond the headlines. They have come for soccer, but they leave having experienced the cities, food, culture, stadiums, and even gas stations. They’ve also seen the extraordinary diversity that defines the US, reflected even in our own team.

They see a nation different from the headlines that often dominate international news and they share these stories with their communities. That’s the real value of hosting an international tournament and comes at an opportune time.

At the same time, many (most?) Americans have a multicultural identity. For them, rooting for the US does not preclude rooting for another team, or several. It’s a chance to reflect on what makes one an American without losing family ties and personal history.

The World Cup gives Americans a different perspective. We’re accustomed to being the favorite. We have the largest economy, the leading military, and the most successful companies. What we don’t have is the best soccer team, at least not on paper. This month we’re reminded what it’s like to be the scrappy underdog, trying to compete with the big dogs like France, Spain, and Argentina.

When you're the favorite, winning is merely meeting expectations. When you're the underdog, every win is a step forward. For a country that so often occupies the role of the favorite, we seldom have the chance to appreciate incremental progress. Whether we win or lose tonight (and we will win), this tournament has been a huge success and has illuminated the path for the next 4-year cycle.

Americans were ready for a reason to cheer together. The US Men’s National Team has given us one.

[TTJ @Financial_Ink]

@financialjuice drip...drip...drip

[TTJ @Financial_Ink]

@financialjuice Yes, but the nuances of oil refining complicate the math.

[TTJ @Financial_Ink]

Price making new highs does not signal the end of a trend.

Thus, taking profit into new highs becuase it's the "top" is not #trendfollowing.

True #trendfollowing is taking profits when the trend is over (the "top" is confirmed) and there is no longer a trend to follow.

[TTJ @Financial_Ink]

@bclund Hahahaha...yea, maybe if they were still upstairs.

Now, they sit down there among the many relics of days gone by and many family gatherings

[TTJ @Financial_Ink]

@JavierBlas Diesel spreads going in the wrong direction.
RBOB spreads are softer but not collapsing.

[TTJ @Financial_Ink]

@DeItaone Appears too late to help diesel #OOTT

[TTJ @Financial_Ink]

@JustinWolfers Symptom

[TTJ @Financial_Ink]

@DeItaone Closed loop.

Sounds fair and unbiased.

[TTJ @Financial_Ink]

@bclund so far away...

[TTJ @Financial_Ink]

Lots of "traders" incorrectly call themselves #trendfollowers when their strategy (if even) calls tops or bottoms.

The strategy purposely misses tops and bottoms as it's a "following" and not "leading" strategy.

[TTJ @Financial_Ink]

@bclund great run

[TTJ @Financial_Ink]

So bitcoin:native is all about $MSTR sales and purchases.

The dream of decentralized financial systemis still alive.

[TTJ @Financial_Ink]

@JavierBlas I love the +40.5% but "energy prices haven't gone up" analysis that's out there.

[TTJ @Financial_Ink]

@bclund value-added