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Disclaimer: This is day trade. to be sold at the close. Oil will eventually be back at 40 soon... but not today. Today it hurts shorts.

Rule of trading... oil can't go down so it must go up. Look for a massive short squeeze into the close.

Pros: It will take you longer to lose your money. Cons: You will lose all your money. In all seriousness the way you calculate a stop is based on volatility and average true range. It is not just some arbitrary number!!! Feasibly a one point stop could be appropriate is you use a...

First smart answer I've heard on these boards in a long time. I fully agree.

You think those oil funds don't have more info then your average participant? You don't think they have contacts at refineries and do "channel checks?" It is a gray area that is not illegal and some would call it due diligence.

How to Make Sick Free Money: 1. Be a huge money player!! 2. Get inside information about a fundamental change in the underlying product (Stock/Currency/Commodity). 3. Know that this information will not become known to the public for quite some time. 4. As more seemingly...

Did you recently blow out? Why are you so bitter and vigilant about trying to convince everyone that no one can make money trading? If you truly believe that no one can make money trading then you don't need to scream about it and bombard a message board with negative comments. Everyone will...

I had fears a little over a year ago after I started making some disturbing money that the market is so east that it can't continue giving it away. Then in the beginning of March I again had true fears that the market was on the brink of crashing... I mean complete chaos exchange shutdowns...

Unearned money + stock market = broke

Never Mind. All Clear. Sorry

Be careful longs. They are evacuating the Capital.

This is exactly why I don't like to post on message boards. People love to argue and bicker and try to prove why they are so clever and special. Their petty little points amount to jack shit. They misunderstand everything said by anyone knowledgeable. Thank god the market is much more easy...

Holy shit that is funny. I posted this while you actually WERE posting your hypothesis based on the MACD!!! Oh my god... that is too much. My sides are hurting. And you use stockchart.com for charting... hahaha Please stop. I am glad I stuck this out with out with you. Some true gems...

Are you trying to make it 6000 posts before the weekend?!?! LMFAO... loser. Anyways I'm done with you. I'm sure you won't have any trouble filling your post quota on some other thread. Have a good weekend chump.

Lol... indicator huh. I guess if isn't a MACD signal it wouldn't make sense to you. LMAO. How are those trading books treating you???? LMFAO I don't use "indicators" and I get my institutional activity info from a service. Is it just me or is there an inverse relationship between number of...

What position will come back to me??? I don't care for any position to go anywhere. I take a shot. If we have any type of gap up on Monday I get out at the open me out at the open if not my play is for a gap fill at 7800. I'm not religious so you won't catch me praying. I make around 100 trades...

Wow someones bitter... did you get caught short and reverse at the close?? LMAO. There's a little concept of support and resistance... ever hear of it. "Wink wink news" and a gap into an overbought market that ran into 8000 resistance in the Dow with institutional selling for most of the...

You caught me!!! I'm a fraud. ignore everything I said.

LOL. Yeah... I guess hoping and praying has got me pretty far so far!! But reality is I do make my living day trading some unreal setups that I would never even share with family. I prefer to giving them cash outright. These overnight plays which I RARELY do are based on technicals conviction...

The good news is everyone KNOWS it's bullshit. No one with any decency can read any news released today with a straight face. Look for a gap down on Monday. Everyone is going to be grabbing for parachutes. But there won't be enough to go around. I'm doing a very rare once a quarter play...