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INto the 78's maybe i will get to close this SCO position tomorrow as planned. The market has the overall stench of a major selloff. Thats right.

Still looking to dump my 2900 SCO when crude hits $78

This is absolutely recalculous. I just bought back the other half of my SCO position. Maybe i can ride this pony again. Stopping out around $82.

Closed half SCO (1500) at 13.90 Holding 1400 more till $75 CL

i think i am going to dump half at 79 instead...sitting on some decent gains dont want to see them totally evaporate with a crazy reaction to the report

Still planning to take half off if we get to $78...

I think we are about to dip somewhere between 5% and 20%, with the most likely scenario being a 5%-7% dip. I've been saying this for quite some time....so far it is playing out exactly as i suspected (which is a bit surprising) There is a darker possibility...if earnings end up being...

Crude is pretty much getting spanked...i may get out at $78 this week after all. I think if it hits $78 i will take half off, and the other half at $75 (with a stop at 80.10) sounds like a plan. this might be my first oil trade that actually works out. they all should have, but you...

CRUDE Collapsing after hours...looks like i jumped the gun on closing that options position. Still holding SCO however...hopefully we get a total melt-down.

Will sell the other half at 80 if we get there. Will hold SCO to $78 or more...

Sold half my put positions at 80.63

Yeah, im closing my positions after the inventory report tomorrow, good or bad. Or, closing out my options positions anyway. I will hold SCO until it hits my stop or profit target...

I am planning to exit at $78 tomorrow or Thursday.

I held onto my short position after all (you can't easily cure an addict). Still holding 2900 SCO, 20 USO Jan 40 puts, and 10 USO Jana 37 puts. I could really use a $10 crash in the price of crude. Might set me to even on all my crude trades in the last year and I can move on to other...

The weak dollar argument is shite. Comparing the US to Zimbabwe is just silly. Anyway, the bottom line is that short oil is a bad gamble. There is absolutely nothing to suggest oil will go down. If anything, there is huge risk to the upside if there ends up being any serious increase...

For you guys going short, are you scalping/day trading, or swing trading? I'm swing trading...currently long a ton of SCO (since 13.12 or so), but going to be stopped out at 12.20. Also long a bunch of USO puts. Expiring in Jan though...I might dump those monday... I don't even want to...

Well here we are, right where I pretty much expected we would end up (although i turned conservative and closed my position at 1127). Anyway, both my systems are predicting a 5%-8% mini-correction within the next couple of weeks...At most 10 more points on the S&P before it occurs. I am...

Can anyone here cure my relentless desire to short crude. Every dime i am making and have made in all my other very profitable areas inexorably finds its way to a short crude position that is inevitably and catastrophically punished.

Wow....so i guess I'm getting raped paying 7.4% at MBTrading. I dont get how they can be so out of whack with what IB is offering. I hate to do it but for that reason alone I'm going to have to switch brokers. Been with MB for 5+ years and really would rather not switch, but that is like an...

Hi, Does anyone know what IB charges for margin rates for accounts under $250k? I took a look at their website but found the info a little confusing. I use MBTrading but noticed that their margin rates are > 7% and I paid a small fortune in margin fees this year. Thanks for any info...