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re: 50 Unfortunate truths about investing
Posted on 3/12/13 at 1:11 pm to Fat Bastard
Posted on 3/12/13 at 1:11 pm to Fat Bastard
No kidding. I've never actively traded commodities with my own money but I've done a trading seminar with play money on CQG Trader. The only commodity we traded was WTI crude, and I was astonished at how quickly you could make/lose money trading crude. I feel like there was one instance where I put down a market-order long position, and the price fell 10-12 ticks before I could even put in my stop loss. It was nuts. In addition, this price movement wasn't even based on any kind of announcement or technical indicator, just noise.
1
Posted on 3/12/13 at 1:24 pm to OFWHAP
quote:
No kidding. I've never actively traded commodities with my own money but I've done a trading seminar with play money on CQG Trader. The only commodity we traded was WTI crude, and I was astonished at how quickly you could make/lose money trading crude. I feel like there was one instance where I put down a market-order long position, and the price fell 10-12 ticks before I could even put in my stop loss. It was nuts. In addition, this price movement wasn't even based on any kind of announcement or technical indicator, just noise.
It's definitely not an arena amateurs should play in. I know some guys who have made a killing, and know a bunch that have ruined their lives by buying on margin and getting leveraged to the hilt.
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