Anyone Short Crude on July 25? (SA Market Forecaster Call)

M

MKTrader

Per our loyal sponsor's crystal ball prediction?

"Crude oil September future is bound to touch $58.27 by 25th July , after making a high on 25th July it will reverse to downtrend which will continue till 1st August 2019,I would love to short crude oil on 25th July & will book profit on 1st August".

We'll see what happens by August 1, but shorting crude on 25 July would be a losing trade so far...especially after today. Ouch!

https://www.elitetrader.com/et/threads/are-you-ready-for-the-collapse-of-crude-oil-between-25th-july-01-august.334439/#post-4896520
 
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MKTrader said:
Per our loyal sponsor's crystal ball prediction?

"Crude oil September future is bound to touch $58.27 by 25th July , after making a high on 25th July it will reverse to downtrend which will continue till 1st August 2019,I would love to short crude oil on 25th July & will book profit on 1st August".

We'll see what happens by August 1, but shorting crude on 25 July would be a losing trade so far...especially after today. Ouch!

https://www.elitetrader.com/et/threads/are-you-ready-for-the-collapse-of-crude-oil-between-25th-july-01-august.334439/#post-4896520
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Are you telling me that all the predictions were wrong???

At least SPY low hit close to my target before reversing.
 
nooby_mcnoob said:
Are you telling me that all the predictions were wrong???

At least SPY low hit close to my target before reversing.
More...

If you pay me $5,000/year, I'll use my Astro Gannonacci analysis to reveal the 20% of SA's predictions which are halfway right!

Or maybe I'll recommend the opposite of all of his calls. Gold, oil and silver would all be profitable if I did that.
 
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biglivetrade said:
Today I have taken a sell call in crude oil at 4011 and exited from the call 2:20 pm at 3987

Total Profit: 24
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Uh, OK. This isn't a "talk about unsubstantiated trades after the fact thread" though. It's about a sponsor here advising to short crude on July 25 and cover today. Even if one didn't close the trade earlier (crude skyrocketed earlier this week), you'd still have a loss as of the time I'm writing this. (Sponsor didn't give a stop loss or exit plan, BTW...I guess crude could go to 100 and you'd stay in the trade).

The sponsor will probably brag about "calling the big Aug. 1 drop" without mentioning that his trade idea was still unprofitable.
 
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