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Loooong time lurker, first time poster. Awesome website, great information, and writers. It is my go-to site for PO.
I remember when I bought my first crude contract back in May 2004. I wanted a Dec 2008 contract, which was $29/bbl, because I was pretty convinced that oil would hit the unheard of price of $80/bbl before Dec 2008. The broker asked why I was getting such a long term contract, and I told him that it would hit $80 because oil production would fail to meet demand. He was flabergasted... "but sir the experts say that oil is going back down to the low 20s, you will just be throwing your money away. I am not going to enter your order, you need to think about this sir". And he hung up.
I should have called back immediately, but I waited until the next day. Now the Dec 2008 contract is $29.50/bbl (asking price). Again he balked, this time I told him to either enter the order or I give me his supervisor. Well, I got my Dec 2008 contract at $29.50... and I still have it, along with another I bought a few months later at $35.50/bbl. Unfortunately, he was fired around the time oil hit $60/bbl, so I couldn't have a followup conversation with him.
Oh yeah, I am an engineer (ChE) who doesn't mind taking risks. However, most of my engineering friends are in mutual funds.
Keep up the great work.
One of the advantages of online brokers like Interactive Brokers (which also does futures) is that you don't have to talk to a person, and thus there's no emotional consideration of what they're thinking. This is especially true for amateurs who feel that the broker (a full-time professional) knows more than they do.