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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (85495)	4/2/2024 5:10:52 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 98065

It's actually a good business. If I had the money, I'd consider doing something similar. You get a bunch of traders and some are bound to be good and make you money while others get weeded out. How does he make sure that the good ones don't leave him to trade for themselves? Once you have a 100+k in your bank, why would you need him?

To: Qone0 who wrote (85495)	4/2/2024 6:19:19 PM
From: ajtj99	1 Recommendation Recommended By SpedeReder Read Replies (1) \| Respond to of 98065

It sounds like a good gig for someone who is under 26 and still has their health insurance covered under their parent's policy. They also have to pay the bigger bump in the FICA tax, as they are a contractor. That $2,500 drawdown really limits risk, but it also limits reward somewhat. Lots of kids in their 20's can make $50-$60k/year just working regular jobs that don't even require an education. Plus, they can get full health benefits. They may have to work 45-50 hours, but it's doable in many states. I will say that the productivity increases over the past 30-years mean that a single 20-something working 40-45 hours a week is probably producing more than 3 people working 40-hours a week 30-years ago.

To: Qone0 who wrote (85495)	4/2/2024 8:17:16 PM
From: ajtj99	1 Recommendation Recommended By towerdog Read Replies (1) \| Respond to of 98065

I have to make a report every week for the C-Suite folks showing futures positions that are being held and give a general market outlook for those markets. Last weekend my June NatGas contract positions were $6000 in the red (that was Sunday evening about 4-cents above the double bottom low Sunday night). That was the first red position I've had in a report since mid-May last year, and we are talking about a couple hundredths of a cent red per contract. Small losses, great entries, quadruple right decisions, great exit decisions, and risk management all play into that happening. It's funny, but I rarely get lucky in trading at work, and I can't recall ever needing luck for work trading. Maybe that fat finger trade that landed me extra contracts in Diesel last May and made ADM call our COO to say we'd hit a big number on a buy. That ended up as a 5% gain in the 6-hours it was held and an overall 40% gain on capital at risk. Everyone was laughing about that, and the COO basically told me he trusts anything I do. However, without that great entry that was the lowest price anyone paid (and still is) on a public US market in the last 30-months, it might have turned out differently.