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

Quote from spanish89:

Im not gna trade anymore till all this hurricane nonsense is over, since the only people who can actually make money are the people who have the expensive instant real time oil news streams and weather news constantly.


But for you it would have been very different though i bet mate...

Because you probs had a few thousand quid capital atleast, and you also probs had a few thousand more in your bank account as savings.


For me though this £864 is all the money i now have in the world.
I have a flat till end of november, then have £800 rent per month after that to pay.
And have nearly over £3,000 creditcard debt at the moment due to furniture and stuff... :( :(

So i need to get back to earning a few 100quid profit per day, each day like i was before, as soon as possible, or il basically end up in extremely sad situation. :(
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lol, oh how the sheep get sheared.

No retail trader makes money trading crude. Even the loud mouthed braggarts mouthing off how much they made on their last trade are barely breaking even on crude.
 
agreed with polpolik-

part time job to pay the bills and survive and trade on the side whilst you are still learning is a much better idea than what you are doing now.

you have too much too learn to be trading full time with almost no capital at all tbh
 
Boone Pickens was out with a statement today that unless OPEC cut production next week there would be zero support for oil at $100 or even $90, and that it would just keep falling.

He was speculating that OPEC might cut production (oops, I used the 's' word).

At any rate, I thought it was interesting to see every last ounce of bullishness leave Pickens' body and palpable signs of bearishness set in.
 
buy at 85-90 with a tight stop i think.

once we are through the important psychological level of 100 everyone will be bearish and saying its crashing, the bubble is over etc.

excellent spot for a fake out to clear stops below 100 and get people wrong sided, before a possible run up.

still a huge chance of CL making a double top or better imo, even if its going to crash eventually.
 
Quote from arealpissedgoy:

lol, oh how the sheep get sheared.

No retail trader makes money trading crude. Even the loud mouthed braggarts mouthing off how much they made on their last trade are barely breaking even on crude.
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lol speak for yourself. I do fine.
 
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