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It is the trading exchanges who will have to slow things down. Unfortunately, the clowns at the SEC and the CFTC are controlled by the political process which is controlled by campaign contributions. This entire " liquidity providers" canard has been a river of BS that started flowing many...

We are typically swing trading for new trend formation or confirmed trend reversal. This works great for most clients. I do have some clients who arbitrage, but their access to the ECN infrastructure required and frequently the physical basis is very much the exception.

Agree completely.

There is NO certainty in either trading entries or marriage entries. To believe otherwise is delusional. If you require certainty, get a government job and continue to live with Mother.:D

Items 1 and 2 are, IMHO, delusional in terms of what to expect from a spouse. Let the Passive-Agressive games begin.

I can't enlighten you because I agree with your statement 150%. I have a TT Pro license and haven't used the AutoSpreader function in probably two years. I absolutely love the exchange supported spreads and I encourage all of my clients to use them whenever and wherever possible.

One big point that deserves more discussion is that once a trader has "become" profitable - staying profitable is not guaranteed by any means. The only certainty about markets is that they are in a constant state of change, and that most traders are frustrated and downright pissed off about...

When you use the term "calendar spreads", are you referring to a simple pair with two legs - same product / different month ? Are you lumping butterflies and condors into your assumption about trending ? Is there a particular reason ( like prop firm rules to get flat by the close ) that...

I have two openings in my training rotation. Email me at the address footer below for details and due diligence. Please be open to the idea of swing trading or position trading spreads, as that is what has proven to be most effective for my clients. Position holding time frames, profit...

What has been your typical position holding timeframe for the spreads you have traded to date ? Since you mention the use of an AutoSpreader, I am assuming you try to be in and out of the market on a very short term basis ?

If you have access to a Bloomberg Professional terminal, the "Crude Netbacks" page is very good for the seasonal refining run switches.

It helps tremendously under two conditions: 1. She makes enough money to support your entire household, because she accepts the fact that forcing trades = losers and that trading as a profession can be very inconsistent. 2. She understands and accepts risk. By their nature, woman in general...

I buy them at Costco or Sam's Club. To me, they are just another commodity item. I seem to have good luck with Samsung. The stands to run Quads I usually buy from Amazon.

Can you confirm that they apply the correct exchange SPAN margin credits for spreads on an intraday basis ? If so, that would be fantastic.

X 2. Well put.

Well, earlier you stated "Spot and the front month do converge at expiration or there is an arbitrage opportunity." That's all well and good unless you happen to check on the availability and pricing of pipeline and storage rack space into Cushing, Oklahoma. There is no arbitrage if for all...

Generally speaking, I steer my clients away from simple calendar pairs in the energy complex that are so close duration-wise to the prompt months - because essentially you are taking on delta directionality with the underlying. So, in other words, you are essentially speculating on flat...

Periods of pronounced and "exaggerated" backwardation (positive basis) and contango (negative basis) have become the norm since the new millennium. The CL and BRN contracts are fungible and physically delivered, and the present contract specifications are not perfect - far from it. There are...

Well, for The Nymex CL contract the physical delivery "challenges" and supply considerations do not always make this true. Positive basis = Backwardation

Since the SEC and the CFTC have been so ambivalent and apathetic about premium market access, and since exchanges may in fact be selling premium access as a profit center ( they are, after all, by and large listed companies paying net retained earnings income to public shareholders or private...