Kudos to MMs

Are MMs( as well as arbs ) not supposed to make good results in volatile times?

I'm a scalper and I really make better dough in volatile times, and I heard some really insane stories in France's MONEP...Crazy profits for one of my institutional MM friend...The guy made in 1 month 3 x what he is used to make in one year...

 

80% cash on my end. Blew out of all funds last week.

 

They both traded what would be considered a breakout gap which was the high of the session, then were completely annihilated [our] overnight [headfake]. Our markets followed.

nitro

 

Imo, MMs should make it as painful as possible to get out. Let it go down locked limit in RTHs session.

Then on the way up, it will be pandemonium. We may see a 4,000 point range in DOW today.

nitro

 

You want to buy 772 to 782 SPX [you may miss it if wait for these levels, but that is the disciplined entry]. Sell calls buy underlying. Then you will get rid of your short calls. For traders only.

nitro

 

Steady rumor that the FED raided Citadel.

nitro

 

PM asking what raided means: Looked at their books.

nitro

 

EUR.JPY CHF.JPY lifting.

Hard to say. The disciplined thing to do is to buy on the TL breakout.


nitro

 

EUR.JPY TL break, but CHF.JPY not confirming.

Sit on hands.

nitro

 

"If some of his troops advance and some retreat, he is seeking to lure you forward..." - Sunzi

CHF.JPY now confirms. Too tough...Discipline says buy.

nitro