Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
nah quiet day here. I tend to stay clear of the front spreads - prefer the back's. Relative Value instead of momentum.
I got kicked by CL yday, but due to bad settlements my PnL was actually flat. So even though not done much today I'm down purely as a consequence of market correcting poor settles.
Can you help answer these questions from other members on NexusFi?
I trade a lot of CL spreads (ie this post () and some NG spreads, but don't currently trade any of the other energies presently. I've traded Brent, NGLs, Electricity a little Gasoil & a little Fuel Oil in the past as well, but never really traded …
#1) Short 49.78 before NY open. CL went to 49.50 area and came back up 49.90 area. Scratched it and waited for NY open.
#2) Short 50.12. Held for 1 hour. Covered some 49.62. Was looking for 49.20 area on rest. US $ got sold off and CL got stuck at ORL. Got out 49.75 on rest.
Since then sitting on hands. This MONKEY business of 30 ticks here and 20 ticks there etc while holding for long period with up and down fast moves without clear trend- is not where i find any edge for myself.
My average HOLD TIME is one hour for both gains and loss. Jerky up and down moves is not good for my trading style.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Cool stuff. If you don't mind my curiosity, what is your background? You clearly have a lot of knowledge about energy deregulation and a breadth of products, must be nice to be so diversified in the brain!
waited for lizard to get out of flat line and short 49.89.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.