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With the recent chaos in oil futures, and to a lesser degree the dysfunction in gold futures, this is a very important development: In a U.S. Securities and Exchange Commission filing, CME has entered into an amendment to its 364-day multi-currency credit facility with the Bank of America N.A...

May you live in interesting times. Effective April 22, CME will switch its options pricing and valuation model for oil to Bachelier "to accommodate negative prices in the underlying futures and allow for listing of options contracts with negative strikes." ...

This price action reinforces the fact that wise Risk Management is at the core of profitable futures trading over time. The double-edged sword of leverage at it again. With oil all over the map, so are trading policies, which can increase the challenges when they are introduced with no warning...

Ouch!!! Some blood in the streets. Hopefully nobody that we know, or one of us: Several Interactive Brokers LLC (“IBLLC”) customers held long positions in these CME and ICE Europe contracts, and as a result they incurred losses in excess of the equity in their accounts. IBLLC has fulfilled the...

Another point of consideration is from the frequently excellent analysis presented daily by Ashraf Laidi''s group. His book was a foundational part of my education: "Also worrisome is speculators's tourism in the oil market. Obscure people we follow on twitter for oil news are suddenly...

Always keep in mind that Trump now has a passionate interest in higher oil prices, just like in the past he wanted lower prices. So this is not a "normal" oil trading environment. The jawboning continues: Donald J. Trump ✔@realDonaldTrump · 1h Having been involved in the negotiations, to...

I read that at least one major brokerage platform, not sure who, raised initial margin for holding positions in CL to 200% of CME initial. Interesting development within the context of this conversation ...

Your point regarding succeeding in specializing before you diversify has merit. Having been in futures for 11 years now, my observations are that you also need to find contracts that mesh well with your personality and energy level, including risk and volatility tolerance. Not everybody can...

Although Natural Gas is often called "The Widow Maker," at times CL can be even more so, due to the extreme reaction to headlines and rumors. Especially now with the virus exacerbating risk asset swings in general. The level of uncertainty in this oil market right now is amazing; thus the...

Oversea, you make a valid point. When I have participated in mock trials, we are instructed to assume that the facts presented are accurate, so that logical arguments and debate can be made. If indeed the facts in that case you mentioned turn out to be as presented, that investor will very...

With the intense level of leverage possible in futures, combined with the fact that most futures traders lose money over time and don't use margin wisely, I am glad the futures industry has strict rules for liquidation in place. Otherwise all of our accounts would be in danger because some...

Yes, the option you are speaking about is called Top of Book only, and that is what I have used for years. Just the best bid and offer and the number of contracts at each. I found 10 deep DOM became a noisy distraction, and I don't miss it.

I also don't don't need hand holding, but if problems arise I do want to be able to address them in a timely and mutually courteous manner. I don't use fancy charts nor platforms either, I find less is more, especially under extreme volatility. Infinity has a fine, stable, reliable, free...

Phone calls ... good luck, they appear to be under staffed in some departments. You might be on hold forever and give up. Keep in mind that there is no free lunch, extreme low cost often means lower quality. I will never go back to a cut rate broker myself, I prefer being able to talk to a...

I am a former customer of AMP, I closed my account after some bad experiences, but I still get their emails for some reason. It has been interesting to read about their frequent changes out of the blue. I am glad I have not had to deal with them when the market is volatile enough as it is! I...

I wonder how the rapidly approaching quantum computing capacities will affect BTC, especially security. To say nothing of EMP possibilities, either local or more system wide. To me with so much international chaos probable, I will stick with time tested Gold for wealth preservation and...

You have plenty of funds, no prop firm needed. I would definitely go with one micro NQ, get consistently good with it, and then incremental progress to two and so forth. It is a great trading instrument if one has some understanding of its behavior, I have had the best success with the micro NQ...

That first article was from very long ago, the second is also outdated. The latest results for 2018 came out just recently. The Program for International Student Assessment (PISA) is a survey given to 15-year-old students around the world every three years, which tests the core subjects of...

A few years ago I talked to a CME rep on the phone about this very idea. He told me they had tried a micro CL, but the volumes were so poor back then they eventually cancelled it. With the smashing success of the micro stock indexes, and with micro Gold doing quite well now volume-wise, I will...