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  1. bone

    How much money can you make trading electricity futures?

    The only way to make money and limit your risk is to make very good risk vs reward entries and to take clean well-controlled losses. You are certainly on the right track with spread trading. Exotics are fine but they’re also a double edged sword in terms of liquidity traps and capital...
  2. bone

    How much money can you make trading electricity futures?

    A well capitalized firm or a fantastically wealthy individual could conceivably make eight figures a day trading electricity. Or Treasuries. Or Stocks.
  3. bone

    How much money can you make trading electricity futures?

    There’s plenty of volume (usually and especially in the hourly Inc/Dec markets) it’s just not traded on the CME. It’s OTC and the short term markets are controlled by the Regional Transmission Organizations which are regulated by FERC.
  4. bone

    Annual commission cap

    And how did that work out for the OP of this thread? Did you get your answer after 30 months of this thread being started? No. Not yet at least.
  5. bone

    Annual commission cap

    I've never understood this type of thread. Why not just call Advantage directly and ask the question o_O The type of trader that trades that kind of volume and in the same product will almost assuredly own outright or lease an exchange seat. And yes, the trading exchanges themselves still...
  6. bone

    China gov bond futures opened to banks to trade

    First of all, the Chinese Communist Party flat out refuses to allow the Yuan to truly and legitimately "float" on the world currency markets - like other benchmark currencies (namely, the Dollar, the Euro, the Franc). The CCP maintains a huge State-run currency trading desk that is tasked with...
  7. bone

    How much money can you make trading electricity futures?

    All of the experienced traders reading the OP are saying to themselves: "or how much money can you lose trading electricity". :rolleyes: The US electricity market is not a market you will be able to trade. If you enjoy volatility and your commercial or investment bank can provide to PJM...
  8. bone

    Why Our Economy May Be Headed for a Decade of Depression

    I'll be polite and just say that I'm highly skeptical of your claims that the UK pension system has accomplished all of the macroeconomic miracles that you claim in your linked articles. And six years into negative interest rates have certainly not been as helpful to the EU / UK economies as...
  9. bone

    Would rather hold the debt of the US or of Apple?

    The question should really be: why does Apple Corporate Paper yield 78 basis points above US Sovereign paper? Has there ever been a failed US Treasury debt auction, even at these yields? http://cbonds.com/emissions/issue/53013 Does Apple issuing massive amounts of Corporate paper in order to...
  10. bone

    Rowdy Chicago trading pits face risky reopen, extinction threat

    This thread and that article are hilarious. The floor is way past dead and the CME would DEARLY love to be rid of it. And Duffy is being generous - the volume done on the floor is miniscule as compared to the screens. It's expensive, it's inefficient, and the customers have wised up a long...
  11. bone

    Why Our Economy May Be Headed for a Decade of Depression

    It's called the US federal government. Money in, money out. There are some pervasive misunderstandings about the US budget. Eleven percent of the US annual budget is spent on Defense. The vast majority of annual US mandatory government spending is for entitlements. There are some Countries...
  12. bone

    Anyone use CME Direct?

    That's because Advantage clears quite a few Commercials and Hedge Funds with deep pockets that want to trade OTC Energy. My guess is that unless you are incredibly bucks up that trading exchange Swaps is out of your wheelhouse. Mupps is 100% right - CME Direct {ClearPort} and WebICE {LCH} are...
  13. bone

    Why Our Economy May Be Headed for a Decade of Depression

    Imagine what $20 Trillion in spending under a Biden Administration will do for us then.
  14. bone

    Why Our Economy May Be Headed for a Decade of Depression

    One of the more prominent hardcore Keynesian Democrats around. Roubini's "backstory" in the article is a bit "selective". He hated and railed against TARP for all the inflationary reasons he cites in the OP's article - and then turned around and praised it effusively in 2014. Having said all...
  15. bone

    Why Our Economy May Be Headed for a Decade of Depression

    Economists are like meteorologists - they are wrong over and over again, and they get to keep being wrong over and over again. Come to think about it, I would opine that meteorologists are almost certainly right more often than economists. :sneaky:
  16. bone

    The Scientific Models that Drive US Public Policy on COVID are Wildly Wrong

    Sweden's real problem has been in the elderly care homes. It's possible that Florida might have had the better course of action. Not out of the woods yet. It's super obvious looking at the CDC data and seeing that the bulk of the deaths are in age group 65 and older. By far. If we could...
  17. bone

    Gold - physical delivery of COMEX futures contract

    The primary dealer physical trading (about 70%) essentially takes place on the London OTC market. The secondary markets will take their pricing ques from the twice daily London fixing and from the Comex futures. The London Loco OTC market trades in clips of 400 ounces, btw :D And you will...
  18. bone

    Gold - physical delivery of COMEX futures contract

    Ha! That $30 is just the CME's fee. As I understand it from my LME and COMEX traders there are a myriad of other fees and arrangements to be made with several other parties involved. There is a whole chain of custody that has to be addressed. This is an adult swimming pool and it's all...
  19. bone

    The Scientific Models that Drive US Public Policy on COVID are Wildly Wrong

    I take your point. It's safe to say that with the politicization of everything, it's difficult to divine what is and what isn't. The seemingly constant state of flux in terms of epidemiological modeling and scientific announcements about what COVID is and is not doing to our lives and our...
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