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  1. bone

    SpreadProfessor Clients - Thanks !

    A note about picking a bottom in the oil markets. Goldman-Sachs and Citibank suggests you make your target $20. Iran is going to start pumping oil for legal export in 2016, and on Dec 18 the number of NEW U.S. Oil Rigs drilling for shale oil actually rose by 4. OPEC and Russia are suffering...
  2. bone

    USO - time to go long oil

    Goldman-Sachs and Citibank suggests you make your target $20 Iran is going to start pumping oil for legal export in 2016, and on Dec 18 the number of NEW U.S. Oil Rigs drilling for shale oil actually rose by 4. OPEC and Russia are suffering, and in order to support the totalitarian welfare...
  3. bone

    Oil Rig Count and Predicting a Rebound

    Goldman-Sachs and Citibank suggests you make your target $20 Iran is going to start pumping oil for legal export in 2016, and on Dec 18 the number of NEW U.S. Oil Rigs drilling for shale oil actually rose by 4. OPEC and Russia are suffering, and in order to support the totalitarian welfare...
  4. bone

    SpreadProfessor Clients - Thanks !

    Spreads are so cheap to capitalize in terms of margin that IMHO you really should try to swing trade them for longer periods of time. Execution costs might be an issue for retail traders using trade entry higher frequencies and if they choose spreads with very small trading ranges - highly...
  5. bone

    SpreadProfessor Clients - Thanks !

    Both these Natural Gas and Heating Oil Butterflies hit their profit targets this week:
  6. bone

    Double Butterfly spread

    Not quite sure what you mean by the term "stationary" - are you referring to mean reversion back towards a state of backwardation or some sort of historical mean, or what ?
  7. bone

    Double Butterfly spread

    Go to "file" in the upper left toolbar, then "new", then "symbol search", then in the "search for all instrument types" tab scroll down and select "exchange-traded spreads". The next tab over to the right allows you to "search for all exchanges" or to select an exchange. This exact description...
  8. bone

    SpreadProfessor Clients - Thanks !

    I posted this reply in the Energy section on December 1st about the OP making a bullish case re: Oil Rig Count Fundamentals. "I guess I see the rig count data and the economic data much differently than the OP. I see much more supply than demand, and so does the market. With such a humongous...
  9. bone

    SpreadProfessor Clients - Thanks !

    Client webinars distributed today.
  10. bone

    SpreadProfessor Clients - Thanks !

    Definitely for individual stock names. Even for stock sectors. Having said that, it would appear from history that investment banks and certain HF's are definitely privy to more "actionable intelligence" than myself or John Q Public. You'll find a fair number of members on trading boards that...
  11. bone

    SpreadProfessor Clients - Thanks !

    I wanted to post this piece here from an oil rig count discussion in the energy section - specifically, my thoughts about using fundamental data without supporting price confirmation. " As a speculator (important caveat) I would not recommend to "time" the market - and to me, "timing" the...
  12. bone

    Oil Rig Count and Predicting a Rebound

    xandman - just my own opinion, YMMV. As a speculator (important caveat) I would not recommend to "time" the market - and to me, "timing" the market means to take a position based upon anticipation without supporting price action. In other words, the market timer believes himself to be smarter...
  13. bone

    SpreadProfessor Clients - Thanks !

    And quite honestly that's exactly the way it usually plays out, and that's why I like for my clients to SIM/paper trade the system for several months before they consider risking live capital. Typically (but not always) a client will start out taking many trades, and as he gains experience with...
  14. bone

    Oil Rig Count and Predicting a Rebound

    I guess I see the rig count data and the economic data much differently than the OP. I see much more supply than demand, and so does the market. With such a humongous and stranded supply of crude in the U.S. and Canadian mainland, does it make sense to pick a bottom ? My guess is that...
  15. bone

    SpreadProfessor Clients - Thanks !

    Tony, It really depends upon the demeanor of the individual client - some ( a small percentage ) require encouragement to pull the trigger but most clients will need to acquire selectivity and discrimination through practice, application, and feedback. This is one of those instances where I...
  16. bone

    Trading So You Can Have Control Of Your Future ?

    The idea of "having control" is, just my opinion, somewhat dangerous in terms of markets. You have no control over the markets. You do, however, have control over your decisions. You will require a trading system and the emotional strength and inner discipline to follow it. You will have to...
  17. bone

    What's a good trading strategy if your working 7am to 4pm.

    Swing trade flat price equities (shares or options) or futures spreads IMHO. But you will need a system.
  18. bone

    SpreadProfessor Clients - Thanks !

    Client webinars going out today. Happy Thanksgiving Holiday to all.
  19. bone

    SpreadProfessor Clients - Thanks !

    It has grown over the years to be A large amount of content - especially the recorded webinars. It takes new clients 4-5 weeks to get through the initial files distribution.
  20. bone

    SpreadProfessor Clients - Thanks !

    Jonny, I only take on a handful of clients every few months - depends HIGHLY upon the quality of the applicants, the feedback I receive from references, and is also affected by my own personal work load and existing client commitments. Since I started doing this several years ago, I have taken...
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