What are you trading?
Hello, I am wondering what traders do we have here on this S&T forum?
Physical/Paper:
Commodity:
Geo:
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I'm in physical at an ABCD and trade wheat in the Midwest. I also do a bit of paper trading (ZW, KW, MW) to hedge our position and make the occasional prop bet on the side.
Thanks for your post! It looks like traders are busy with shipping and cargo departments ATM, hence only you replied.
We are all on here. Financial and physical commodity folks.
Oil, products, power, Nat gas, ags, metals, crypto, etc.
Interesting! I thought we have mostly paper traders on the WSO board but from replies I already can see a mix of everything.
I trade physical power in EU
I think this sector is growing a lot at the moment. How are salaries as power trader comparable to oil and metals?
broker gulf gasoline
Phy base metals US
That's the person I was looking for! :)
?
I am interested in metals. Any chance to PM you or maybe you can suggest some books on metals trading? Thanks
Feel free to PM me. Book wise Metal Men by Copetas is a must. Some chapters of World for Sale are also great (the one on Glencore in Jamaica in particular). The Waszkis book on Phibro is very good but I'm not convinced it will make much sense to someone outside the industry. Their history of metal trading book is even more inaccessible.
Metals Trading Handbook by Paddy Crabbe is considered the essential book for LME stuff.
There is a lot that can be learned about each metal specifically but kind of hard to recommend anything off the bat.
Global Credit, some equities (most Credit traders/PMs will own or have ability to own at least a 10-20% bucket of equities, varies by mandate of course but they're naturally connected) and commodities
Cargo & shipping, oil and gas (kinda late now), and bulk real estate packages.
Cargo & shipping, oil and gas (kinda late now), and bulk real estate packages.
what's bulk real estate package?
You buy groups and lots of real estate that needs to be sold quickly and refinance them. Smth fun to share, late news of today we are doing small trades with trial runs of "meme" stocks. $KPLT $BBIG and another we are doing is $SEER. We are doing small portions for the first two due to position size and liquidity. If you want to join just make sure you can price it correctly to get in and out.
Can your recommend some books or 101 resources on shipping and cargo?
I stopped working at MAERSK long ago but the reason I partially got into trading this sector because of the training that MAERSK gives out to their employees. I don't have those pdfs anymore but MAERSK used to give you all of these resources so you can learn about the company and industry. I used some of those to trade events like (Covid vax shippings, cargo delays, cargo wait time, cargo tracking, etc.) What I am trying to make right now too is a log of all the shipping that is happening and try to make PnL of some of the big players in the industry and do options like what RenTech does with some of it's commodity trading.
I trade physical power in the western US.
US power and gas, mainly NE focused
Yung.
Serious question.
Given whats going on at Intermountain, is their still transmission capacity available in the region including Mona? Will the EIM continue to spread and will banks now be able to do more hedges?
Thank you.
Many companies are starting to get into power trading. There is still transmission available however, we have more players fighting over it when it becomes available. Mona was down recently but opened back up, I think it has around 200MW of capacity as is. The WECC is still more bilateral than other regions. A lot more BA’s are moving to the EIM so it may become a bit more difficult to make money in RT but there are so many exceptions with each company that it probably won’t make too much of a difference. I don’t think the EIM should affect hedges but I might be too green to answer that question.
As the EIM survived this summer and the blowouts were all in June will be interesting to see what end result is. Think if we had some serious Aug heat whole EIM would have been at risk. But for now trend should be more and more BAs join EIM.
Muni’s/deriv’s, left field from the group above
Govies
Physical fertilizers across US
hmm is there a financial hedge for you guys?
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