Search results

Bolter, To view the CTI numbers you hold down shift while on a chart. When you click you will see some numbers show up under the bar (like 1:10). The first number represents the who, and the second number represents the number of contracts bought and sold. I believe 1 is locals, 2 is firms...

Speaking of the commercials, check out www.chart-ex.com. It shows volume at price for many different commodities, and it has a feature that shows where the locals, firms, and funds are buying at. Anyways, how long have the commericals been long for? What price range?

I am not familiar with options strategies such as a straddle. I only know the basics...however, if you wouldn't mind telling me what a straddle is and how it would work in this case, that would be greatly appreciated.

I appreciate the input from everyone. As one person said, living abroad is a great way to learn a language, and that is something I wouldn't mind doing. I've always wanted to visit someplace in Asia. So let's narrow it down to Japanese or Chinese. Which one and why?

Hello, I'm currently attending school at IU and majoring in Economics. I need to take a lanaguage for my major, and I was wondering what you guys think would be good, assuming that plan to trade at a major Wall Street firm. I'm thinking either Japanese or Chinese right now. Any advice is...

Hey guys, Once again I'd like some opinions. I plan on buying some WH puts - thinking 305. This trade, like most of mine, is based on TA. However, any fundamentalists that have something to say, please do. Always like finding new information. Jimmy

All I've heard is that the Nymex will be one of the last exchanges to go electronic. I hope they take a really long time, because I'd love to chance to trade on the floor there.

Edward, I was only on the floor during my break from school. I also trade stocks, and I over the summer I traded currency futures. I plan on getting back into currencies soon. I closed out my short position in meal and corn for a decent profit. Talk to you soon. Jimmy

J-Law, I agree in that you can learn a lot on the floor, even though it's not the ideal place to start a career anymore. As much as I wish it was, the fact is the floor will die soon. Especially now that the CBOT is public, I'm sure the shareholders will push for it. Nazzdak, I don't...

Max Size, Min Risk...from Pit Bull

Edward, I appreciate all the advice and input. I meant I am 19 years old, by the way. I don't think we'll get down to the 160 area by the time my puts expire either. However, I don't really expect to hit a home run on this one. My primary goal in trading right now is to build up enough...

I've been long March $185 puts since meal was around $200. My position isn't very big (I'm 19). I could withstand my puts expiring worthless, but I won't do that because I cut my losses pretty quickly. I was working on the floor recently, and I heard that there is a huge report Thursday...

I was looking at a chart of SMF and the market is right at the point where it previously gapped up. Does anyone think that we will fill this gap, or will the market turn around and head up? Why?

I don't know about the individual pits, but the entire financial room is pretty damn quite these days.

19, from Chicago, but going to school in Indiana. Trade stocks and ag futures.

ChiBondKing, I've worked in the grain room at the CBOT, and I have seen some traders using charts.

bighog, I really hope that you are right. The longer pit trading around the better. It's something that I've wanted to do for awhile, and when I turn 21 I plan to at least take a stab at it. I only wish it were the 70's or 80's again. Those were the days for the pits.

True?

Check out the Tom Baldwin/Brian Gelber interviews in Market Wizards. Maybe read The Logical Trader by Mark Fisher. I'd also keep in mind that pit trading probably isn't a great place to start a career anymore, with electronic trading becoming bigger and bigger...

No one knows?