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I drove by the building once or twice. With its financial troubles, UBS trading had dropped quite a bit. I do not like the cheap look wood panel. The standard black/grey looks better. Long live the trading.

Yes, everything is possible, but it takes quite a genius to start from $2k and green to $100k in a year. For that to happen, you need big leverage and a big edge. It is a dream....

The trade floor is very impressive, just like a big Wall Street firm. Cool.

If you trade your money or the firm's money, why do you need a Series 7 license? You not dealing with your own customers. I do not know much about the prop biz...

Just curious. It appears most of them day-trade equities only.

The SPR has not been a factor recently on the CL market, and it should not in the near future. The CL is up $8, but it was down $10 early in the month. The market is well supplied, and no one wants to store more. The spread is not that high to cover the carry cost. Besides, the...

Time to load up some OJ contracts :D Well, I just see the OJ made a near-high and was sold off more than 10 cents over the past two sessions. I'm sure it is going to rally on Monday....

If you look at the CFTC COT reports, the money managers have been covering the shorts and the producers/users have been selling into the strength. Over the next three weeks, the total EIA draws are likely close to 600 BCFs. This will reduce the surplus by 280 to last year and 250 to 5-yr...

Well, the big pattern breakdown is not happening today. And it keeps getting colder. For a long weekend like this, it gets to change, warmer or colder. And someone/something has to give. Same thing happened last weekend. And the NG was up $0.30 on Monday. If the cold pattern holds, the G...

We've seen it today. Does it make sense? yes. Things can make a U-turn very quickly.

Correct. With futures, you have much more flexibility. You can control your leverage and fit your risk profile. You can do spreads, or build a diversified portfolio with equity, commodity and fixed income products, much safer than holding IBM as your long-term investment. All depends on how...

The cold weather can make such a big difference. The shorts covered 21,000 contract (Futures and swaps combined) last week. The producers are smiling.... But I'll have to open the wallet to pay the higher energy bill. Maybe the NGF0 will probe $6.00 before it expires. We are closing in.

Things are changing. People say trading computer does not use much CPU, but that is not the case. I had a dual-core CPU and the Java-based trading station and the market data workstation use a lot of CPU power. Then I have 4 browers open for news and online TV. Add email, IM, etc. The CPU load...

Easy to explain: things were extremely bearish this summer, no strom shut-ins, no hot summer, and econ is slow. So the setup is that the storage will overflow and NG has nowhere to flow to. But in reality, there is more storage space than people know of. Some producers shut-in production...

Program trading will certainly exaggerate the price moves, but I'm not sure if it can manipulate the CL as easily as the NG or XRB market. The CL open interest and volume are one of the largest in commodities. Actually CL is easier to trade than NG and other commodities. Most of the wall...

The correlation was high before, not any more. CL is more correlated to S&P and Dollar.

Broker, like IB, offers all the instruments, futures included. It has simulated trading you can test. Other big brokers have the same setup. Futures have extremely high leverage. Some of the brokers offer insane intra-day low margin. For $500, you can trade a NASDAQ-100 mini that have a...

You can just hold % of UNG, USO and other ETFs. You can adjust the % easily. No needs for your combo ETF.

I try to remember what happened a week ago. I think the whisper numbers (PIRA and Bentek) were much higher. But the stupid wall street analysts were all wrong. The real EIA # was higher than wall street survey, but lower than the whisper number. So the strong upward price reaction. A...

That is the best free site. But it won't tell you how to trade. But even the paid subscription won't make you money.