It seems Ricky Gutierrez trades mostly /NG (plus DGAZ & UGAZ) and /CL (plus DWT & UWT). Does this trade have any advantage or is this relatively easier? I am not very familiar with these products......
Maybe he has an insight to the energy infrastructure that he understands. Therefore, it is easier for him as compared to other instruments. *shrugs* Only he can tell you why.
It seems this boy doesn't necessarily have a deep insight into the energy business. He mainly uses VWAP and price action plus simple MACD & RSI. Looks simple strategy.....
Because he doesn't make money actually trading, and it's easier for him to pretend he knows what he's talking about if he focuses on dgaz. Sweet McLaren though....and the kid can hustle
But he broadcasts live trading videos in real-time and TOS statement. So, I think he really makes money consistently.
don't follow people blindly. Take about day trading. NG is one the worst futures to trade during US summer time. Most of the time, its day range is rather small. CL - one of the best futures to trade as its day range is big.
UGAZ & DGZA is 3x leverage of /NG, so small day range should be ok to him. If only day range matters, he would trade /NQ. My guess is he may feel comfortable with price action of /NG and /CL for some reason.
NG can get entertaining late summer. Anyone worth less than a few million who buys a car like that is an idiot. Oh, wait he has almost 700,000 subscribers who thinks he can teach them to get that car. F'n genius!!!