Long story short; i got lucky, and got picked because I had a few technical expertise in software (the usual vba etc) and prior background in shipping knowledge. I have interest in commodities trading (oil/paper/gas). I’m looking to kickstart my career as an analyst to a trader.
The JD of the LNG trading intern is as such and i'm having trouble trying to understand it's requirements since it may not be similar to oil trading;
- • To gain understanding in trades booking and price indices used by the trading desk
-> i understand the trade booking part, but not very familiar with price indices (does this mean JKM vs HH, TTF?)
• To provide support in the analysis of market demand and supply, cargo flows and price movements
-> does this mean physical cargo inflow/outflow analysis out of countries?
• To assist in the creation of optimization/economic spreadsheet
-> does this mean solver optimisation, what are we optimising against?
also how do you hedge LNG since oil follows a worldwide index such as Brent but there's no worldwide index for LNG, and regional arbtirages such as JKM vs HH, TTF?
Company background: - physical shipment of LNG - I suppose physical trading - supports LNG bunkering in my country - a middle & downstream supplier
I have a relatively low amount of capital of around $10k. I'm planning on trading position sizes anywhere from a few hundred to a couple thousand dollars and don't want to get eaten up by commissions. No day-trading, rather I'm doing an intermediate term of days to weeks.
I've got my eye on a commission-free broker but they only do longs, no shorts (except for options). I would like to have access to trading both directions and am not sure what to do. Should I go with a broker that charges commissions so I have access to short selling?
What do you think? Should I just plan on fees as part of my cost of doing business or forget about short selling for now?
I am a computer science student who has just begun coursework. I decided that it would be fun to create a trading algorithm/ bot as it has practical uses (and I can use backtesting to tick all the evaluation boxes on the mark scheme) . I’m an experienced coder (mainly in python) but can branch out to other languages if I need to, however I am not too familiar with the stock market. I was thinking I could make an arbitrage bot however I don’t think this would be the greatest. I have access to real time data using the alpha vantage api. Anyone have any ideas for cool but useful things I could do with it?
I am from Europe and in need of something similar to ThinkOrSwim's "OnDemand" feature for market replay with historically accurate data for stocks. I tried downloading NinjaTrader for this sole purpose, but from what i understand it's only for futures and forex.
Anyone know of a solution to this? I am getting bored of having to wait for market hours to paper trade.