any manhattan traders?

Quote from Covert:

Mostly crude, with some nat gas when I'm really full of self-hatred.

I'd say that I have a hold period for crude trades of about 10 min to a couple of hours, but as I get a little further down the road, I see the need to stretch it out, and be more selective. The technicals are good, so my opinion is that I should be taking more advantage of them. I'm trying to filter out some of the intraday noise. Where do you stand?
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Hi Covert - what does it mean when you say "some nat gas when i'm really full of self-hatred"....are you talking about the NG contract? Why when self hatred?
 
covert:

sorry for the delayed response.... sometimes i use briefing, but primarily we have someone that comes over the loud-speaker, that the entire floor can hear when it pertains to specific energy news....
 
bear plunger:

didnt mean to chime in when it was directed at someone else but i think because the natural gas swings are so ridiculous.. if he feels like putting himself through that kinda torture on ne given day,, he knows where to turn.... i could be wrong tho
 
Bear-
Pardon the sarcasm, but Bennett is right. Nat gas futures are extremely volatile, and as such, any mistakes you make seem to be amplified. Still, all that volatility offers some great opportunities. I don't mean to imply that it's not worthwhile to trade them.
 
I believe he is referring to the volatility and erratic nature of natty...it can be a tough one to trade for sure, and the swings in dollar terms can dwarf those in the rest of the complex by a large margin when it runs.
 
Quote from PJKIII:

I believe he is referring to the volatility and erratic nature of natty...it can be a tough one to trade for sure, and the swings in dollar terms can dwarf those in the rest of the complex by a large margin when it runs.
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Sorry, didn't see that others had already answered Bear's question...now that I see that others have addressed it my post is redundant.
 
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