Crude Oil

[farmerjohn1324]

Dude, please. You're spreading short the V/X calendar which reduces your req on the five lot by 80%. Add insult to injury on this sim-trade by shorting Nov?!

Cover your Oct sim-trade on the open. Show us the blotter.

Bye.

 

[Overnight]

Something is not right

Why when we have nurses doctors and volunteers, why is he sending military? What's the purpose here????


Trump says 1,000 military personnel are deploying to New York City to fight coronavirus
PUBLISHED SAT, APR 4 20204:33 PM EDTUPDATED MOMENTS AGO




President Donald Trump on Saturday announced that 1,000 military personnel are deploying to New York City to help fight the coronavirus.

“We’re taking people now out of our military. We’ve been doing it but now we’re doing it on a larger basis,” the president said at a White House press briefing.


https://www.cnbc.com/2020/04/04/tru...ng-to-new-york-city-to-fight-coronavirus.html

He probably means the National Guard, because they are military. We deploy National Guard troops all over the country during many crises. Anyone ever heard of a hurricane?

 

[jokertrader]

Margin for 1 V/X overnight is less than 200 bucks IF Schwab will respect that

 

[PoopyDeek]

Margin for 1 V/X overnight is less than 200 bucks IF Schwab will respect that

I have no idea what the intramkt req is on SPAN, but $200 is stupid low. The guy has no business being in October and trading AH on a Friday. Now you're suggesting going even further out.

How about he covers Oct?

 

[Overnight]

Margin for 1 V/X overnight is less than 200 bucks IF Schwab will respect that

I think the problem is that most brokers will not acknowledge a non-exchange-traded spread. He'd have to have full monty for 12 contracts, even though the exchange itself looks at it with a discounted eye.

 

[nooby_mcnoob]

Holy fuck farmerjohn, holy fuck.

 

[farmerjohn1324]

Holy fuck farmerjohn, holy fuck.

I know. And I had been doing so well with my statistically analyzed Micro emini strategy. I hope I can sell this CLV20 for slight loss and move on.

 

[nooby_mcnoob]

I know. And I had been doing so well with my statistically analyzed Micro emini strategy. I hope I can sell this CLV20 for slight loss and move on.

"Love taking losses, hate taking winners"

-> cut losses quickly, take profits.

One too many times I've gone into a trade where the direction was favorable but against the strategy entry and I've closed out for a small loss rather than risk the mental capital.

NOT WORTH IT.

 

[farmerjohn1324]

"Love taking losses, hate taking winners"

-> cut losses quickly, take profits.

One too many times I've gone into a trade where the direction was favorable but against the strategy entry and I've closed out for a small loss rather than risk the mental capital.

NOT WORTH IT.

This has potential to be more than just a small loss.

 

[jokertrader]

So if it gaps 3 bucks that’s 21k loss. I agree in that even if he sells anything or sells calls that 21k loss is locked in unless he wants to ride this until Thu when Texas commission might choose to cut and it bounces back. This is certainly not a strategy for trade but if he wants to hold until it goes to 20 and he thinks it will come back up... peace... but in general I agree a loss is a loss no strategy will help with that