I hate calls on ET, haven't done it in years. But OIL is at Bottom

You sound like some wanker from eastern Europe that just watched a kung fu movie. Grasshopper? LOL WTF!

No one takes you seriously. Constantly winning investors/traders exude a certain persona and you defiantly do not show it grasshopper.
 
I don't disagree that the OP lacks a bit of credibility, but does anyone here honestly believe that oil won't be above $150 in 3-5 years. I'm a strictly intraday guy myself, and purely technicals, but my goodness. It's obvious that banks make a lot more money when the money supply is increasing. World banks will do everything in their power to bump oil prices up to insane levels. Nobody is crying about inflation, the fear is entirely focused on the possibilities of financial collapse. If I had 40k to lock up for a few years, I'd absolutely go long oil.
 
Quote from bellman:

...does anyone here honestly believe that oil won't be above $150 in 3-5 years.
More...

Considering that the world is about to completely revamp its handling of currencies and of US debt, it is a safe bet that NOBODY knows where oil or any other commodity will be in "3-5 years".
 
Quote from apak:

short pure simple and to the point

LONG OIL now

target 85


STOP loss equal to target except into the minus


Dear ETer, are you really so slow to think OIL will hit my stop before it hits my target

good luck :)
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A reader of the RFT blog (financialtraders blog) sent me an email Friday about oil and how to play it.

My answer was to sell the 50 USO Nov puts at 4.90 or to do it synthetically by buying underlying and selling strike 50 calls as it was better in terms of bid-ask prices particularly if he aleady has a long position in oil.

I understand that he established his position on Friday.

A main point is that if you want to play oil, play it via USO. "Oil Stocks prices are a sort of call option on oil"
 
Quote from bellman:

I don't disagree that the OP lacks a bit of credibility, but does anyone here honestly believe that oil won't be above $150 in 3-5 years. I'm a strictly intraday guy myself, and purely technicals, but my goodness. It's obvious that banks make a lot more money when the money supply is increasing. World banks will do everything in their power to bump oil prices up to insane levels. Nobody is crying about inflation, the fear is entirely focused on the possibilities of financial collapse. If I had 40k to lock up for a few years, I'd absolutely go long oil.
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average person on ET is so stupid

lot of them just serve fries at local fast food joint

I ain't joking
 
Quote from mister_doodi:

You sound like some wanker from eastern Europe that just watched a kung fu movie. Grasshopper? LOL WTF!

No one takes you seriously. Constantly winning investors/traders exude a certain persona and you defiantly do not show it grasshopper.
More...

hey little grasshopper you are so efin dumb

how do I know

well you won't learn from me and I am teaching you for free

that's how I know you are retarded :D
 
Quote from bellman:

I don't disagree that the OP lacks a bit of credibility, but does anyone here honestly believe that oil won't be above $150 in 3-5 years.
More...

I would not bet money on it, that's for sure. The one thing we know for certain these days is that a major economic shift is underway, with unpredictable consequences for the market value of pretty much everything. I honestly have no idea where oil will be in several years, and I have no particular reason to think it'll be higher than where it is today.

And anyway, this particular trade is horrendous: 1:1 RR, buying into a falling knife with an arbitrary stop and target, based on the "it can't possibly go lower" signal?
 
Quote from Specterx:


And anyway, this particular trade is horrendous: 1:1 RR, buying into a falling knife with an arbitrary stop and target, based on the "it can't possibly go lower" signal?
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finally someone on ET with at least beginning of a brain

good for you too see the problem,

no one should trade like this constantly

however once in a while trades are fool proof

give it a few years, you might get to the point of knowing when to step outside of rules
 
Quote from kiwi_trader:

A fool and his ego are to be found making predictions on ET.
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kiwi

you are such a kiwi aren't you LOL

try every now and then to use your head to make good trades

try is sometimes for god's sake :p
 
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