[TheDude]

BEAN OIL:

Funny I should notice this thread as Ive been trying to get short bean oil over the last few days as a position trade.

You get some crazy opening spikes, and the overnight action is pretty crazy too (much to my detriment) - stop running extravaganza! I can see why it would be ideal for day traders - especially those who like the russell 2k Bean Oil is like ER on crystal meth! and at $6 a tick it may not be so damaging to the pocket book.

[enochbenjamin]

Originally Posted by TheDude »

BEAN OIL:

Funny I should notice this thread as Ive been trying to get short bean oil over the last few days as a position trade.

You get some crazy opening spikes, and the overnight action is pretty crazy too (much to my detriment) - stop running extravaganza! I can see why it would be ideal for day traders - especially those who like the russell 2k Bean Oil is like ER on crystal meth! and at $6 a tick it may not be so damaging to the pocket book.

I have to chuckle.... bean oil moves like lightning and those $6 ticks can add up real fast! I blew out an account trading bean oil - not for the faint of heart. If you've got brass balls and deep pockets, have fun!

[horace]

Hi there,

This is a great thread.
Does anyone here have the iq DTN symbols for Soy, Wheat, Corn etc,
it just saves me looking them out as I am not familiar with grains

many thanks

[iwshares]

Originally Posted by phantom »

My brokerage is a Chicago-based firm and I trade through the Ninja Trader platform.

Who are you using? I'm based in London uk so am worried about picking a bad broker out there. Feel free to pm me if you don't want to say in the forum.


Thanks
Iwshares

[kuokam]

Originally Posted by enochbenjamin »

You need a futures broker to trade grains. That slippage is unacceptable and you will be broke very fast trading grains with that (almost 3 points) kind of slippage. Stop now before it's too late. The one thing you have to keep in mind with grains is that a news event will cause some significant gaps - so something like a flood being reported in the midwest can cause significant gaps.

Secondly, if this is your first foray into commodities after trading forex you sure picked a doozie! Corn is a little more liquid and moves a little slower - I would start there until you get a feel for grains as they are a very different beast from fx.

I could not find DOOZIE in my dictionary, Sir. Can you help improve my English vocabulary?

Thanks

[phantom]

Originally Posted by iwshares »

Who are you using? I'm based in London uk so am worried about picking a bad broker out there. Feel free to pm me if you don't want to say in the forum.


Thanks
Iwshares

Sent a PM

Don't want to be accused of foul play.


Phantom

[marker]

Just found this old thread.
I'd figure I bring it back from the dead, LOL

Here is my Corn trade from yesterday, April 27, 2012
Traded 4 contracts, quick $850.00

Starting to look at ZS and ZW as well...
Folks on this thread still trading these babies?

[enochbenjamin]

Originally Posted by kuokam »

I could not find DOOZIE in my dictionary, Sir. Can you help improve my English vocabulary?

Thanks

Since the thread has come back to life I will explain what doozie means - it means its a motherfucker!