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I get many private IM's and emails about seasonals and spread trading. So I simply wanted to publicly state in a very brief post my own personal opinion about seasonal tendencies and spread trading in the energy, grains, and softs. There are many websites and mentors that promote the use of...

My best guess would be that a considerable long position was rolling his Sept. position into Dec.

Welcome to my new client, a nuclear physicist by profession. Should be fun ;)

I'm just trying to wrap my head around the term "curvature trading".

LMFAO ! OP - Please do not use the term "hedge" as you did in your original thread starter post.

You'll quickly come to the conclusion that out of hundreds of technical indicators, they are largely variations on just a handful of basic premises. Oscillators, moving averages, volatility range, that type of thing. Time frames are the most overlooked aspect of technical analysis IMHO.

In terms of a place to start, Pivot Points (S/R) or volatility studies like BB might be useful for setting profit targets and stop-loss levels. They are not, however, optimal IMHO. But a good place to start for a Newb. Finally, you will never sell a top or buy a bottom so get over the money...

Profit targets and stop-loss levels must be an integral part of your trading system and should be established at the time of trade entry. Recent trading ranges, the technical studies you might be using or the decision-making basis you are using to enter the trade to begin with, and your...

Source: Bloomberg, 15th August 2014 http://www.bloomberg.com/news/2014-08-14/traders-lured-to-bet-on-power-overloads-worth-billions.html Payouts that reached almost $2 billion in the first quarter are attracting traders to the transmission-rights markets run by regional U.S. power-grid...

A client's performance metrics spreadsheet is a cumulative, OTR living document that they send to me each time they open a new paper trade. The spreadsheet will include closed trades, open trades, win rate, avg win, avg loser, ratio of avg win vs losers, initial trade RR, initial trade risk in...

YM, NQ, and TF correlations will vary from day-to-day (even intraday) with ES. What is your holding timeframe ? Are you starting out with a hedged, purpose-designed spread position or are you trying to lay off risk from a scalp gone bad ( what we refer to in the biz as a "Texas Hedge") ?

Struggling can largely be mitigated through brutally honest self-reflection and the personal accountability to correct yourself and NOT repeat mistakes. This is typically effected through the daily use of a trading journal. Never underestimate a human's ability to screw up and self-sabotage...

Well, there is no such thing as a "system" that guarantees certainty - at least one that will keep the FBI off your doorstep. If you require certainty, trading is not the place for you to be.:)

The group of clients I took on over the winter has been paper trading in the 60-70 percentile range winners vs. losers on a cumulative basis. Max drawdowns and ROI have also been impressive on a paper trading basis. We have been holding Group Webinars on a weekly basis where we review these...

I have the book as well and it was a very worthwhile read. It might be a tough book to find these days; not sure. Love the story about how a pen was used to settle a pit disagreement.

Is there climate change ? Yes. It has been happening since the origins of this planet. Incontrovertible. Is there global warming ? Yes. The earth has been undergoing warming and cooling cycles since the origins of this planet. Incontrovertible. Do humans play a part in this ? Yes, but...

One of my clients just sent me a recording from Charlie D made in 1989 during a trading seminar he gave. I'm very anxious to see it, because he very famously said that while he was a pit trader in the Bonds - that he was always 'spreading' and that was his edge. What he is purported to have...

Aren't there all- black fraternities and sororities btw ? Have been for quite some time. An inconvenient truth.

Completely valid point. Even the most expensive combat simulations and the repetition of military drills and maneuvers is no substitute for live combat under fire. But the longer that a client practices with the paper trading and subjects himself to both my own personal and the Group's peer...

I understand your point, and it is a valid one. However, some instruments like spread trades in the energy or metals complex, for example, are going to have several hundred dollars of risk and higher. So, for a system that spread trades every electronic market, "tiny size" wouldn't be feasible...