do any of y'all have suggestions for trading natural gas with very small amounts of m
I would like to hear some of your opinions about short term trading NG (or similar products like UNG). I do NOT wish to start with the NG futures contract because of initial investment(margin) requirements. I tried the mini NG but the chart is a mess(using thinkorswim). I recently heard about the UNG ETF but the TD Ameritrade chart also looks like a non-fluid hodge podge on a one minute bar.
Everyone i know says " I will lose my ass trading futures"......I can live with that possibility if I can trade smaller until I either go broke or become more proficient.
I've been using thinkorswim PaperMoney for 3 years and I kill it; however, I've heard the fills will be very different in real trading. My guess is if I trade the ETF UNG the chart will move very similar to the front month NG futures contract and risk as little as one share per trade????Unfortunately, my thinkorswim chart acts terrible and doesn't "flow" like the big NG front month futures contract.
do any of y'all have suggestions for trading natural gas with very small amounts of money on a very short term basis?
btw I'm in the nola area if anyone knows of trading groups around here....
With the CQG Demo account, the fills are REALISTIC.. so you have a choice
1 - watch the futures but trade the ETF. That de-risks your trading but gives you a futures feed that should not have the "flow" issues you have with TOS
2 - Trade the CQG demo for futures and forget the ETF completely. Fills with a CQG Demo account are realistic - their back-end server simulates fills.
If I were you - I'd take option 2 initially. Mostly because you say you are already close and just need to figure if your style will work with proper fills.
If you find you are not so close - then I'd revert to option 1 and trade small size on the ETF but watch the futures data.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Or watch & chart the full size future (NG) but trade the eMini (QG). The liquidity is there on QG (as long as you only trade the first few months) it just doesn't trade as often as the full size which is why the charts look screwy. Big downsize on QG is the tick size (.005 vs .001 for NG).
If you plan to hold the ETF I'd advise you look at the discussion in this forum about USO the crude oil ETF. There are several things that can make holding the ETF perform differently than trading the futures when the market is in steep contango like it is now.
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Hey. Are you Peter Davis? I was thinking about purchasing Jigsaw for $400. The reason I'm bringing it up in here is because I can't PM you, so if you could PM me to discuss this over that'd be great. Thanks!
(This is a reply to DionysusToast. I can't even quote cause it requires 5 posts).