Search results

Great idea. Sept 20 CL outright margin: $7,550 Dec 20 CL outright margin: $6,000 Sept 20 - Dec 20 1x1 CL calendar spread pair margin: $2,050 Sept20-Oct20-Nov20-Dec20 1x1x1x1 CL Condor spread margin: $450 Sept20-Oct20-Nov20 1x2x1 CL Butterfly spread margin: $300...

I get PM'ed all the time by ET traders who will put on a spread (even exchange supported!!) and their discount broker margins each leg as outright flat price risk. Which is insane.

If you are going to seriously trade spreads, you will be served best by a large established Chicago FCM that already clears proprietary firms, commercials, and big specs whose majority strategy is some type or flavor of spread trading. It's well worth the few cents more in commissions. I...

Sharpen your pencil. ES and CL has a 76% positive correlation Daily close-on-close the past 180 trading sessions. CL and Russell 2000 have a 91% positive correlation Daily close-on-close the past 180 trading sessions.

Very modest Contango as of today's settlements. Nowhere near where it was (record setting). Big time backwardation in the forward curve movement the past several trading sessions. https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_settlements_futures.html

Amen brother. Mouth breathers and conspiracy theorists galore.

Point being - seeing Backwardation come back into the crude oil market means that serious commercial energy users and producers are feeling rather chippy about the future as compared to only a few weeks ago. I am certainly not suggesting that the balance of 2020 will be like 2019. But it is...

The Contango is pretty much priced out of the forward CL curve, and June CL expired at $32.50 with July settling at $31.96 on Tuesday. Quite a bullish sign for stocks.

The Contango is pretty much out of the forward oil curve - which is huge. Quite bullish for stocks.

And at 7.87% yield. :D

Says the Hedge Fund Manager with dozens of offshore accounts and partnerships. Of course, he's long Gold up the wazoo before Bloomberg News "obtained" the letter.

Yep. The problem with adding is that the trader is almost certainly trading some sort of volatility or trading range-based system. Could be channels, bands, S/R levels, pivot points, etc. etc.. And of course, you can never know when the range-based market action converts into a trending...

The problem with adding to a loser is that it works until it blows up terribly. It enforces what I personally believe to be the most destructive behavior a trader can have. The trader will, let's say, buy a one lot in ES. It goes a couple tics against him - he buys another one lot. In his...

I’ve got quite a bit of experience with scaling a Commercial portfolio. Scaling by far works best for swing trading / position trading. There are some real negatives associated with scaling scalps and day trades. The most success I’ve seen with scaling came from adding to a long term trade...

Frankly, flipping single wide traders would almost certainly have a higher chance of success than either opening a restaurant or quitting a 'real' job in order to start day trading full time.

Good luck with that.

Yep - if one or more “promising vaccines” (Whatever the efficacy) in development give politicians the cover to be more sensible and less draconian then it would have served it’s purpose. We all know that there must be millions of Americans walking around with COVID antibodies at present - they...

Get outside, get some sunshine, and do everything you can to build up your immune system.

You might have a cognitive reasoning disorder. :D I jest.

Moderna, an American biotech company located in Cambridge, MA. NASDAQ symbol: MRNA Their specialty is therapeutics using messenger RNA - specifically, injecting certain proprietary mRNA serums into patients to bolster the person's ability to generate an immune response. Limited Phase One...