CL Redux

Quote from DonCorleone:

holy cow batman. went long at 84.48 just a few moments ago. just cashed out at 85.76. this is one crazy mkt!! why would one trade anything else when CL gives you so much love?
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I'm just fooling around now with some sim trades. It's fun. Soooooo volatile. I made over $500 in literally about 2 seconds and then it went up another $800. :D This is with 2 contracts.
 
I just went to use the restroom and I left my last sim trade on. When I returned just now I was up $1117, but as I sat down to close it out it dropped to $617. :D

ADD: Observing more now it seems the best strategy has been to short any straight up rallies and buy any straight down selloffs once they turn. Have to be quick today though as we've mentioned.

ADD: I guess it wasn't $1117 as I bought both contracts @.61. Anyway closed them out just now @.18. = $1140. Maybe my broker won't notice it was just sim. :)
 
Quote from Visaria:

Hope u guys are using limit orders and stop limits, not market orders.
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You know I panicked earlier and closed out that long you and your broker unloaded on me and I lost $440,000. Good thing I'm wealthy and just trading for fun. :p
 
Dollar falls more; reports ECB buying Italian debt

Aug. 5, 2011, 1:02 p.m. EDT
Stocks rise again on reports of European reforms

NEW YORK (MarketWatch) -- U.S. stocks resumed a rally mode Friday on reports that Italy and the European Union had agreed to economic reform measures. "If there is one good thing out of this crisis it is these countries are finally learning the desperate need to liberalize their economies," noted Peter Boockvar, equity strategist at Miller Tabak. The Dow Jones Industrial Average (DJI-DJIA) rose 131.31 points to 11,514.99. The Standard & Poor's 500 Index (SNC:SPX) climbed 9.53 points to 1,209.85. The Nasdaq Composite was up fractionally at 2,557.09.
 
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