This is an honest question. What do you mean by "afraid"? If you are long the market can go down. If you are short, the market can go up. This is just as true in AAPL, Corn, the Euro or Oil. Losing money is part of the business, it's a cost. What do you mean by afraid? It's not a healthy thing to say as a trader. If you want security, become an accountant.
Crude is screwed, man.
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This is an honest question. What do you mean by "afraid"? If you are long the market can go down. If you are short, the market can go up. This is just as true in AAPL, Corn, the Euro or Oil. Losing money is part of the business, it's a cost. What do you mean by afraid? It's not a healthy thing to say as a trader. If you want security, become an accountant.
INCREASING INTEREST RATES WILL DRIVE UP OIL OVER THE LONG-RUN AND SUPPLY/DEMAND IMBALANCES WILL CREATE SHORT-TERM VOLATILITY
It is because of my particular trading system that I have employed. And I am doing it with my own money. Not someone else's money. Not with a prop firm, not with a hedge fund...It is all on me. I am afraid to lose all of my own money. I am playing with huge numbers with one simple contract here. This is not a fucking joke.
If you had followed my journal when it was active you would know what I mean.
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Pathway is now clear for legs. We're at 49.85
Wildly overstated given the long term oversupply in the market. I noticed that Mexico continues to spend billions of dollars per year buying puts as a hedge for their domestic production (including Cal '17) - and they've paid off for them to date for the past few years or so. Granted, it's a Peso hedge as well.
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Kathy Jones@KathyJones 9h9 hours ago
Worried about #oil prices near $50? The high-yield bond market doesn’t appear to be. (Chart of the Day)
So is Crude still screwed? LOL.
I have a friend who is a managing principal of a law firm catering to managed funds. They do quite well, among the many reasons they do well is Dodd Frank alone has 22 thousand pages of regulatory content. Add on audit accounting and the other myriad of government alphabet agencies looking into your business and expenses can get ridiculous.
Did you note the date I started the thread? Feb 26th? Go back to your charts and look what happened since then, up until this week. Did crude get screwed? Then refresh yourself on the comments I made about when I thought crude would be truly screwed, and why. It had to do with OPEC's crap coming up in May. I felt crude would be truly screwed IF OPEC does not come to an agreement to extend cuts past June. We're not out of the woods yet.