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Well, today Crude Oil finally followed the equity markets upwards. Strong Move. My guess is that five up days in a row in the S&P 500 might have convinced some traders that the damage done in the equity markets might be somewhat overdone. And that is a bit at odds considering the continued...

:banghead:o_O

Did you initiate a fresh short on the downturn ?

1. Uncertainty. Take the run up in CL that the poster proclaimed was an “easy short”. From July until the first of October CL F19 ran from $46 up to $76 and change. Let’s say you took a short the second or third week in October - it was by no means apparent at that point that the market was...

Experience looking at charts in no way shape or form should be remotely compared to trading live. All charts look obvious. I couldn’t begin to venture a guess as to how many newbies I’ve seen over the years who were great with charts but made horrible traders. Risking real money changes...

There are problems associated with using oscillators - MACD included. Especially in isolation.

ES up 10.00; CLF19 -0.86. Very bearish sentiment for crude.

Sams Club now has 24 size packs of cage free hormone free eggs. I’ve also been using the house brand Pesto as a universal condiment - it’s delicious on everything from eggs to meat and has only 4 grams of Carb in a quarter cup. I also get the fresh baby French green beans, broccoli florets and...

No, they probably won't be able to wrap their heads around the possibility of 1,000 percent vol in the INC/DEC markets during Summer peak hours. There is nothing on planet earth more volatile than power. Low Natural Gas prices have driven down wholesale electricity prices the past few years...

While the Daily Chart has indeed come off it's highs - it is too soon to say that the long term trend is down. We will have more work to do on the downside in order to break down some very long standing technical support. Using 240 minute charts does not offer the resolution to back up your...

That’s all that matters. It would be disengenuous of me to tell you that your emotional state (that is, your own personal risk tolerance) is not authentic. Every client I take on is quite unique in this regard. Before a client goes live, I will typically have a conversation with him along...

I find that risk tolerance and leverage are still very individualistic, emotional topics for traders. Pain thresholds and tolerance are not uniform - especially for self-funded independent traders.

Since California forced out hydrocarbon-intensive industries decades ago - this auction has absolutely no bearing on Nat Gas or Crude Oil fundamental news.

You cannot say "long term" anything with a 240 minute chart. Sorry.

"Rather than investing in local green projects, the study found that 75 percent of those credits — which are part of a regulatory scheme paid for by California taxpayers — went towards projects outside of California."...

I give feedback to my clients’ paper trades - so in our particular circumstance it is a most valuable learning tool. We are also tracking performance metrics. YMMV. It is what you make of it.

I find it troubling that the Dow is up 460 at this point today but CL F19 is + 0.39.

That is a loaded question - any answer I give will be exempted, overarching and refuted. I can’t honestly tell you what the desks at Citadel or DRW are returning at present. Tom Arnold at Enron and later at Centaurus is a good indicator of what was achievable in Natural Gas Intra Commodity...

It depends on the spread. Firms (and independents) can have on many spread trades at once, and the possible combinations are huge. Since you’re in equities maybe look at CME vs ICE, UPS vs FedEx, MGM vs LVS, NextEra vs Duke... stuff like that. Build some models - adjust your hedge ratios for...

Ummm, I’d respectfully push back about alpha. A spread trade between two or more highly correlated instruments is about as close as you can get to pure portable alpha to my knowledge.