Dude, I am going to be extremely honest here and you can hate me for it, I've been trading for 6 years now and I don't know if crude will be higher by December, so what makes you so sure? If I had to make an educated guess I would say that it would ...

Futures contracts- do I need to close at the end of the contract?

Call your broker and ask him to get you out immediately! Don't go searching for answers. Once your out open a demo with the same platform and test all you want on how to get in and out!

Futures contracts- do I need to close at the end of the contract?

Why Ignoring Technical's is Deadly — Below I have attached two screenshots of why ignoring technicals is deadly. The first chart showing what a fundamental trader would have done on 18/6/2012 and what would have eventually happened to MCP on ...

NYSE & Nasdaq

A Few Charts Am Watching — Below are a few charts that I am keeping an eye on:

NYSE & Nasdaq

Highly Recommended Vid — I highly recommend this video on how algo's hit the tape. Highly informative and pretty rare, it reflects the story behind Knight Capital (KGC). The video can be found below: video

NYSE & Nasdaq

Price action works, however, I don't understand what price action has to do with KCG? That was a catalyst that crushed the stock for two days and has since bounced back.

NYSE & Nasdaq

IYR (Dow Jones Real Estate ETF) — This is one of the largest real estate ETF's, the IYR is about to crack, a megaphone pattern. A pattern that I tend to like. If this puppy snaps, expect volatility in all asset classes. One of the main things ...

NYSE & Nasdaq

PSX Update — lol, okay that again wasn't expected and despite my skepticism PSX continued to rip. That is why it is always important to scale in and out. Scaling out and not exiting on my entire position, I was able to remain in for that juicy ...

NYSE & Nasdaq

PSX Update — I am not too happy with this gappy price action in PSX, opening higher and having a narrow day up isn't too bullish. I don't see commitment to buying. I have lightened my position on the trade awaiting further information.

NYSE & Nasdaq

Hey bro, thanks for passing by. Means alot coming from you! Have a good weekend

NYSE & Nasdaq

Oh, ok thats cool. Am off, see you guys tomorrow

Aussie Trading Room and Cartoons Gallery

Yes that is very true. The people here are really nice, and hospitable. If you do come, make sure its between Nov-March when the whether is cooler.

Aussie Trading Room and Cartoons Gallery

Well good, I am from Oman. Maybe a person or two from my place have visited your thread before. Nice place you have here!

Aussie Trading Room and Cartoons Gallery

SBUX (Starbucks) — One way to play this trade was to be long volatility, through buying a strangle at the date the analysis was first conducted last week. Financial options have many advantages, mainly in their ability to manage risk.

NYSE & Nasdaq

SBUX Update — Well this was expected, we got the super move which was a massive gap south, which makes SBUX untradeble!

NYSE & Nasdaq

PSX Update — PSX has broken out and held above 35.00, also forming a double bottom on the hourly chart at the level. This should continue its upward move now, especially given the strength commodities.

NYSE & Nasdaq

Stock Selection — Stock selection as mentioned previously is essential to the long term survival of any equities trader. If you don't select stocks properly, the risk you bare don't compensate the reward. These risks can be found in a post I ...

NYSE & Nasdaq

Greg, I will try to post tomorrow and show you how to select stocks. If you understand the post, selecting stocks wont ever be an issue again. Am off

NYSE & Nasdaq

Okay, ummm... Its good that your up, but your plan for the trade is pretty off. You have a negative risk/reward on the trade. Your risking 71 cents to make 59 cents. Trading a negative risk/reward relationship is a sure way to go bankrupt over time, ...

NYSE & Nasdaq

Nice trade Greg! Not one that I would personally trade, however, you should have a nice profit on your hands. The stock has obviously showed relative strength compared to the S&P 500 and the XLI (Industrial ETF). Your current SL at 8.50 is good, ...

NYSE & Nasdaq