Nah. Too much risk.
Crude Oil
- Thread starter JFonseca
- Start date
Nah. Too much risk.
Farmer John when he wakes up in the morning
I call it a worthy lesson in risk management.
It's like putting your life savings on black. It's stupid even if you win.
I just added another share at 33.80 after reading this...
https://www.google.com/amp/s/www.cn...ery-close-to-an-oil-production-deal-rdif.html
This is my last share. I promise.
https://www.google.com/amp/s/www.cn...ery-close-to-an-oil-production-deal-rdif.html
This is my last share. I promise.
I believe that odds are good of prices rising because all parties want to come to agreement.
I plan to sell shortly after the meeting Thursday.
farmerjohn1324
"Part of me wants to buy a bunch of oil futures and just hold them for as long as it takes for the prices to rise."fj, thursday march 31, nice call fj.
"Part of me wants to buy a bunch of oil futures and just hold them for as long as it takes for the prices to rise."fj, thursday march 31, nice call fj.
My amazing prophetic prediction netted me a total of -$16,000!
My model looking to add to long position.
@farmerjohn1324 , we all predict that price will go in a favored direction, but unlike most traders, I am often wrong and why I have to hedge all positions except one minute timeframes. I have spent over 10 years learning how to hedge correctly, and still learning.
@farmerjohn1324 , we all predict that price will go in a favored direction, but unlike most traders, I am often wrong and why I have to hedge all positions except one minute timeframes. I have spent over 10 years learning how to hedge correctly, and still learning.
Why did you get out??? i had 3 contracts, sold 1 friday, rebought on opening sunday a dollar higher than the bottom, the gap was clearly weak because a meaniniful gap in my opinion wouldve been 5 bucks plus, for me what made me hang on is the gap was only 2.5 dollars, very low compared to current atr suggesting its weak hands folding their position
Very likely