Can Start Buying Natty Now

Of course, I have subscribed for the NYMEX data feed.

This is some kind of error on the system that seems to occur on thinly traded contracts but it is serious.

Just feel sorry for people who use TS exclusively.

What's funny is that there seems to be a consensus on ET that TS has clean and accurate data and IB is only providing abbreviated data, once again proving that most people do not know what they are talking about.

GC
 
I have been long 2 October contracts since 6.8!!!!!! I am getting killed here. All I wanted was to sell at 7.00

The end of last week I thought alot about selling with a loss but I guess if I reached this far anyway then I can afford to wait for a reversal till mid September.

Im praying for a reversal soon. If I dont make any profit, then I just hope to break even before the October contract expires. Natty is a monster. I learnt the hard way, and I hope none of you guys are in my position cause its very unpleasant.
 
Quote from Khaled187:

I have been long 2 October contracts since 6.8!!!!!! I am getting killed here. All I wanted was to sell at 7.00

The end of last week I thought alot about selling with a loss but I guess if I reached this far anyway then I can afford to wait for a reversal till mid September.

Im praying for a reversal soon. If I dont make any profit, then I just hope to break even before the October contract expires. Natty is a monster. I learnt the hard way, and I hope none of you guys are in my position cause its very unpleasant.
More...

Heheh...

I rode it down from 7.50 -> 6.00. Then again from 6.40 -> here, with varying sizes of course (much smaller towards the end).

Both were 'dip buys' from higher levels.
 
thats a very serious drop. bought a load of ung around $34 a little while ago. its down 25% or so in 6 days. i don't like trading the whicked ng futures
 
"I have been long 2 October contracts since 6.8!!!!!! I am getting killed here. All I wanted was to sell at 7.00

The end of last week I thought alot about selling with a loss but I guess if I reached this far anyway then I can afford to wait for a reversal till mid September.

Im praying for a reversal soon. If I dont make any profit, then I just hope to break even before the October contract expires. Natty is a monster. I learnt the hard way, and I hope none of you guys are in my position cause its very unpleasant."

i am almost suspecting this post is made up. this is a PARADIGMATiC example of the psychology of the retail trader, and why they (usually) lose.

"all i wanted"

"i thought a lot about selling"

"Im praying for a reversal"

"I just hope to break even"

with a mindset and a methodology like this, you might as well just mail the pro's your money. you are almost guaranteed to give it to them anyway.

you should define your risk. ALWAYS. hoping, praying, etc. just to break even is absurd.

the market does not care where you entered or where you hope to get out.

seriously.

this post is amazing in that it incorporates nearly every error of a retail trader in a succinct post.

amazing
 
"Just feel sorry for people who use TS exclusively."

i agree

otoh, anybody who (especially trading FUTURES) who just has ONE brokerage account deserves to lose money

part of risk management is having a backup account (and backup internet connection.
 
Khaled,

don't you have stops when you trade ? Knowing NG is extremely volatile and costly as a future, placing stops is compulsory.
 
You must log in or register to reply here.
Back
Top