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not to speak for the other poster but prob b/c of the structure of UNG not necessarily b/c of a bearish view on NG but i'm sure that's part of it. UNG loses 20-30% each month on the roll although this can vary widely as contango/backwardation changes a lot. re the previous poster who said...

instead of splitting the b/a i usually have to go a few ticks closer to the offer to buy - if i still don't get done i just move on b/c i'm not going to lose 20% getting in and out.

re the poster who said something about the interest in ung (i didn't quote b/c the chart was huge) - there is zero correlation b/w a huge volume increase and the future direction of the price. the huge volume day could just as easily be someone betting against ung (a pretty good bet imho b/c of...

you don't need to switch - just use ib's chart trader or if you want you can just put a dom on another monitor if you have more than one and enter that way. keep it simple.

try technical analysis of stock trends by robert edwards and john magee - this is widely considered the best technical analysis book period - even if it wasn't written 5 mins ago.

if you only trade liquid options and your broker does not pass on add/take liquidity feeds then just use the auto routing order type.

stay away from optionetics and their overpriced software. of course they have a "powerful sales presentation" - they're salesmen! if they weren't slick they wouldn't sell. just use the TOS (now w/ TDA) software and be done w/ it for a beginner (and for a pro for that matter). re paid...

i strongly suggest not trading the vxx unless you are intimately familiar w/ the product which is based on the futures not the spot (no one can trade spot vix) and you understand the contango issue much like ung - the worst product invented since clear pepsi.

to the op, i can understand your motivation for making money obviously but helping others? you may want to help others (a good goal in and of itself) but the investors don't give a rat's ass re you. just like a relationship, it must be a two way street otherwise you'll be left out to dry. what...

i strongly suggest you keep your mouth shut if/when you take delivery of your new GC bar. that is a $712k paperweight you have and someone might try to liberate it from you. if anyone asks if you invest in gold so "no all of my money is in beanie babies". what they don't know can't hurt you...

were you just going long front month outs (otm calls)? not bashing the strategy just curious.

couple quick thoughts... first, do NOT take unhedged directional positions ahead of binary events unless you are fully prepared to lose huge. trust me. if you really want to see how fast you can make your heart beat, take a position in NG ahead of the weekly inventory number:eek: second...

+1 to everything sf631 said (didn't want to use quote feature b/c there's a lot). anyways only thing to add, IIRC new regs no longer allow you to avoid registering if you have below $25 million. could be wrong though.

if someone wants to create a thread for this topic have at it. here's one true story for it...back in college i said "i would short my gf and long her roommate for the perfect pairs trade". the next 5 secs looking around to make sure she didn't hear that were the longest of my life:cool:

let me keep this short b/c this subject (running opm vs just trading for yourself) has been beaten to death. i strongly suggest NOT running opm unless you are running more than a billion and even then prob closer to five billion b/c the income you make won't be worth the hassles. you can see...

+1 to 6E. good movement and liquidity.

re DDT, i agree they have the lowest published rates (w/ advantage coming in a close second) however when you buy a platform thru them they charge a per side fee in addition to the monthly cost of the platform. for example, NT is 0.15 per side plus $60 a month so make sure you add that back...

pls don't take my remarks as saying all traders should lock themselves into a fortress and no interact w/ anyone but their clearing firm b/c i'm not saying that. w/ that said, it's extremely difficult to know who your true friends are if you're rich (unless they are equally rich). and on a...

couple thoughts... saying "what if stock XYZ had been added to the dow" would mean the dow would be at price X is so stupid b/c it's looking backwards and using the benefit of hindsight. what if they used a stock that crashed and burned instead like ENE (enron) for BSC? then the dow would...

having $153 million and living w/ your parents is better than working a "regular job" for someone else making 40k.