Wednesday, December 22, 2004

Of BigSwingingDicks and the PuppetMaster...


If there's one laugh coming out of this holiday season... I Laugh when Pikers posing as 'marketmakers' get thrown in the heat and have to react like real Traders... I had a run as a principal marketmaker for the 30yr U.S. Treasury Bond on ECBOT, and it wasn't too fun... but I knew how to lay off a large accumulated position when I had too without resorting to petty tactics that can get you shoulder deep in shit... So what if you're long too much sterling... offset it like a man, or take the hit like a man... well, that's what you get when you hire a bunch of pikers to drop and drag all day like a well trained monkey playing with an Etch n' Sketch... it's so pathetic it ain't even worth a red flag to the NFA... Posted by Hello

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