CL Redux

Quote from mrbochin23:

Look at this:
"Cargoes of Nigerian light sweet crude are struggling to find buyers in the US, traders of West African crude said."

I just got it in my news feed.
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which news feed do you use?
 
just sell it to the open market or bid.

sell to market.

Quote from mrbochin23:

Look at this:
"Cargoes of Nigerian light sweet crude are struggling to find buyers in the US, traders of West African crude said."

I just got it in my news feed.
More...
 
I cut loss and toke back my loss. I should listen to your voice. but I am a diehard, I am buying now at 83

Quote from mrbochin23:

If I was you I will very careful, look at the spread between months in Crude Oil, is telling you is a lot of Oil in Storage, I won't be surprise if we test the low 80's between today and tomorrow.
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Quote from trader198:

I cut loss and toke back my loss. I should listen to your voice. but I am a diehard, I am buying now at 83
More...
I'm against preaching but on a day like this you don't buy but sell every damn rally you see!
 
yes, I am too stubborn, I am afraid I shorted it at the bottom, that is why I keep playing buy. when look back, if I shorted it at 85.2 when I woke up and hold to here, sigh, ....that is why I am a newbie, the good part is I did not lose anything, gained a liitle bit. I know I must correct this problem, otherwise I will be caught by this kind of abnormal movement!

I am stilling buying. I will hold on a while. extremme move always has some dead cat bounce

Quote from schizo:

I'm against preaching but on a day like this you don't buy but sell every damn rally you see!
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it is kind of very odd, when the indicators said to me it is dropping hard, while I was buying? first I was very cautious, and ignored what I should monitor, defensive reaction? the human brain seems it does too much self protection: "wee wee, careful, careful,..." actually it hurts me, while not tells me "go with the trend or what the market is doing is safe", just did not get it. every time the market moves abnormally, I did not catch it and play counter-trend (very dangerous, but my mind seems to tell me it is safe? jesus christ!


Quote from trader198:

yes, I am too stubborn, I am afraid I shorted it at the bottom, that is why I keep playing buy. when look back, if I shorted it at 85.2 when I woke up and hold to here, sigh, ....that is why I am a newbie, the good part is I did not lose anything, gained a liitle bit. I know I must correct this problem, otherwise I will be caught by this kind of abnormal movement!

I am stilling buying. I will hold on a while. extremme move always has some dead cat bounce
More...
 
Quote from trader198:

yes, I am too stubborn, I am afraid I shorted it at the bottom, that is why I keep playing buy. when look back, if I shorted it at 85.2 when I woke up and hold to here, sigh, ....that is why I am a newbie, the good part is I did not lose anything, gained a liitle bit. I know I must correct this problem, otherwise I will be caught by this kind of abnormal movement!

I am stilling buying. I will hold on a while. extremme move always has some dead cat bounce
More...
Today's range for CL is 82.86 - 86.24. That's a range of $3.38. Did you catch at least 5%? If the failure rate of traders blowing up stands at 95% (meaning the other 5% captures 95%), then you must at least capture 5% of the range in order to become sustainable in the long run. Hence ya need to work on making more than these 10-tick gains.

mrbochin23 made an excellent comment. On a day like today, it's better to give up any potential rally for a substantially BIGGER selloff. You get my drift? (Let's just say that this is how the game is played. This is how the badass idiots at Goldman Sachs and other big institutions play the game. They initially start buying in order to suck the sheeps in, only to dump on them en masse.)

Learn to be patient.
 
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