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  1. bone

    Giving back some of morning profits overtrading afternoon

    When I day traded Eurex, LIFFE, and CME interest rates - I would typically leave by 11:00am. I was known for it in fact amongst the other traders. My reasoning was that the big swinging dicks had already done their duty and I wasn’t going to get sucked into the afternoon chop. YMMV, I...
  2. bone

    Trading Natural Gas

    US LNG capacity is limited.
  3. bone

    Trading Natural Gas

    Yeah, EFP’s especially
  4. bone

    When Does Day Trade Becomes Swing Trade?

    As an example, I traded many '22 and '23 expiry Nymex and ICE energy futures spreads during 2021 - either exchange supported Butterfly or Condor combinations. Average position holding time frame was ten weeks. It would have been silly to day trade these, but for swing trading they are ideal IMO.
  5. bone

    CME: Why Smart Money Trades Spreads

    I traded many '22 and '23 expiry Nymex and ICE energy futures spreads during 2021 - either exchange supported Butterfly or Condor combinations. Average position holding time frame was ten weeks.
  6. bone

    Trading Natural Gas

    The rolled futures volume in NG is far greater than the rolled options volume. So much so that ETF's and big Commercials use the Swaps markets more and more.
  7. bone

    When Does Day Trade Becomes Swing Trade?

    There is some hilarious stuff posted here, tbh. Most Commercials and many investment funds don’t or won’t day trade for a number of different reasons.
  8. bone

    When Does Day Trade Becomes Swing Trade?

    I will try to do this later on today when I have some time, it is a great question. I went from pit trader to electronic scalper to electronic swing trader and yes; to do it effectively took a different approach and system. Entirely.
  9. bone

    When Does Day Trade Becomes Swing Trade?

    Different modeling, different stop-loss and profit targeting methodology, different position sizing... To do it correctly means a fundamentally different trading system.
  10. bone

    CME: Why Smart Money Trades Spreads

    I’ve traded ICE Swaps, OTC Bilateral Physical Forwards and hundreds of thousands of ICE and Nymex futures at Commercials and a HF. I can’t remember the last time I put on a butterfly or condor futures spread that was delta directional with the prompt month. In fact - unless I’m doing...
  11. bone

    CME: Why Smart Money Trades Spreads

    Scalping spreads then commissions are an issue. Swing Trading Spreads, commissions are not an issue and that’s the path I would strongly recommend. With the substantially reduced margins you should be holding and swing trading spreads.
  12. bone

    CME: Why Smart Money Trades Spreads

    https://www.cmegroup.com/education/articles-and-reports/why-smart-money-trades-spreads-a-three-part-series.html https://www.cmegroup.com/education/articles-and-reports/why-smart-money-trades-spreads-part-2.html https://www.risk.net/investing/7250051/why-smart-money-trades-spreads
  13. bone

    Using Treasury Bonds As Collateral

    Jesus please buy an hour from a legit securities attorney. Please.
  14. bone

    Micro-ETH Futures -- Big Swinging Dick

    Roach Motel we used to call these illiquid “new” futures contracts.
  15. bone

    Has anyone experienced same system but different results in different time frames?

    Yes, timeframes are very important. Also, a system that works well for swing trading probably isn’t going to work for scalping or higher frequency trading. Two different beasts. Just my 2 cents, YMMV and I wish everyone good fortune !
  16. bone

    As swing trader is scalping background is useful ?

    I’ve personally found that scalpers lack the patience to authentically swing trade. Or alternatively, that scalpers attempting to swing trade have a hard time letting winners run. A genuine scalper will require a different trading system to get the most out of swing trading. That’s been my...
  17. bone

    Majority of US Goverment Debt Comes With a Very Short Maturity

    Much easier to roll coupons. There hasn't been much commercial demand for longer term paper, either.
  18. bone

    GM going out of business ?

    The GM 5 Year Credit Default Swaps pricing has been really stable for the past several months.
  19. bone

    As swing trader is scalping background is useful ?

    Having started in the Treasury Bond Pit as a scalper in the late 1990's - scalping literally means to buy at the bid and sell at the offer. It was the only reason to lease a seat for $3500 per month and stand in a pit yelling and screaming and acting like an animal. So, the OG term "scalper"...
  20. bone

    Why IB Liquidate QM Futures Contract?

    Every FCM and IB that I’ve seen has enacted customer prompt month oil contract liquidation policies.
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