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Bob, How much experience does your company have with setting up small energy trading prop firms?

1. close out at a loss. 2. roll the front month (you'd probably be at 80%+ profit it on it in this type of event) into the next month 3. double down on your long call never have too much of your cash at risk in case of one of these events. market crashes are incredible buying opportunities. :)

what do you mean exactly? if your first trade of the year returns 15% return on risk, then do you start putting on trades that do not risk losing that first 15% that you just made? so you basically start trading with the house money once you make your first profits? or are you saying...

falcon, didn't have time to read most of your post, but the part about shorting a weekly as part of a calender concerned me. the main objective of a calender is to sell high vega premium in the front month and hedge that risk with a latter month at a lower IV. the weeklys due indeed have...

i agree it goes lower, but too many factors to list will keep it from that kind of level. 1.50 seems about right. i think it breaks to about 1.40ish level by the time we see a floor. a good way to play nat gat right now if you don't want to lose your savings to contango and constant...

it does? care to post a reference? any professional trader will tell you that good money management is key. yes, you do actually have to couple that with disciplined and educated trades. you can't just blindly throw darts and pray for your money management to bail you out of something...

so why the move to Belize? the principle investor to my company has a really nice house down there on the beach. not sure exactly where though. keep hoping he will say i can borrow it for the weekend!

Renko, Who are you buying your contracts through? ICE? NYMEX? NEX?

haha, yup. but it will come quickly once you get past the first part of a very steep learning curve. lots of great books out there though. i taught myself a pretty good foundating in about 3 months. of course, i still have a lot to learn. i'm teaching myself programming right now so i can build...

no worries. also you should look into developing the skill of trade adjustments. i've studied under several people who have told me that they never use stop limits. most people think that's crazy, but once you build up your trading tool belt with the appropriate strategies then you will start to...

If you feel that nat gas prices will either go lower or stay in a range under $2 for several months out then wouldn't a possible trade be to buy UNG puts? if the price stays low or continues lower (trend is your friend) and roll over yields continue to decrease this ETF's value, then wouldn't...

have you been keeping any kind of records for the trades you've posted on here?

"Don Bright kept insisting the money is in SELLING. So I keep looking at SELLING THETA, or swollen volatility strategies. Trying to figure out the tricks and nuances of using them. To be successful, you have to get your volatility and trend right, month and all that. I hate to go back to...

First off, I'd just like to send my condolences for the loss of your son. It sounds like he was very servant minded and had a true heart for other people. Second, I'd love to hear more about your money management strategy. You mentioned something about going to Africa... I actually spend...

Quick background: Been a power trader for about 5 years Started trading in stock market last September Learned a very costly lesson in trading with margin Decided to try my hand with options with about a .01% understanding of them Made a fat finger mistake and bought 300 contracts...