9.1 Million Barrel Build in Crude Oil. Wow. Get The Hell Out.

Quote from spanish89:

My forecast that gave the night before was absolutely spot-on once again for another day straight!! :p :D :)

Now i just need to workout how i can translate this skill and ability into being able to sell it.., in addition to trading off it. lol
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Ahh, here we go again with the forecasts...hang it up now. You are attempting to forecast a market day-to-day that is moved by weather, geopolitics and economic conditions just to name a few of the variables. Good luck with that. You'll need it.
 
Quote from Landis82:

Agreed.

Besides, it's HURRICANE SEASON and given some of your previous comments, I'm afraid that you do not realize/understand just what kind of price action lies ahead should Gustav make its way into the Gulf this coming 3-day weekend.

You seem hell bent on being biased to the short-side, but it might just blow you out.
In the end, you can blame it on a Hurricane.

(As it is, trading volume is light due to the traditional vacation period heading into Labor Day. This will only magnify the reaction of the markets to NEWS)

For example, take a look at the charts of Nat-Gas and Oil from Hurricane Wilma in Oct. of 2005.

:eek:
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Aloha, if you check my previous thread and my own journal on here you'l see i got the day by day forecat right everyday, for 4weeks straight.. lol :)

But i gna focus more on trading the market liquidity, rather than just forecasting what the market will do.



And ive decied im not going to have just a set 'only selling' method anymore.

Because its just stupid to miss out on smaller 'buy runs', just to wait for the selling off the breakout spike.

:)
 
Quote from spanish89:

Aloha, if you check my previous thread and my own journal on here you'l see i got the day by day forecast right everyday, for 4weeks straight.. lol :)

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And how much money did you make off that?
 
Quote from spanish89:

Just the £707 today.
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So if you have generated 4,800 in profits over the 3-4 weeks where you had all of these successful market calls, why is it that you only have 1,200 left to trade with?

I don't understand.
 
Quote from Landis82:

So if you have generated 4,800 in profits over the 3-4 weeks where you had all of these successful market calls, why is it that you only have 1,200 left to trade with?

I don't understand.
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LOL

I withdrew it last wednesday evening because im moving into my new apartment, and so i had to pay 3months rent in-advance + almost £1,500 security deposit and estate agent fees.


This money i have in my traidng account is all the money i have in the world.
Dont have spare money to keep in bank accounts, all the money i have i need as capital.

Today i just made the very big mistake of not adjusting back to the mindset of lower capital fast enough, and so had 3 contracts out on oil at the same time.. :/
 
Quote from S2007S:

I knew you would chime in on my purchase of DUG,

After it fell yesterday I added more to my IRA account at $33.75.

Holding 2 seperate positions now.

One just under $35 and the other at $33.75.
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Sounds like you are well positioned for Hurricane Gustav!

:D
 
Quote from spanish89:

I closed them both off at 116.30 area, and so took a loss for the day of £707!!! :( :( :( :(

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I'm sure you are really glad now that you got out yesterday when you still could! Again, Good job.
 
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