Oil arbitrage

I used to trade in this way.

When price dropped sooo low, I'd go buy oil.

Then price dropped even lower. And I thought price would shot all the way to the moon.

And the price dropped even much more lower.

Then I have to top up my trading account.

and so on......


always trade based on what the chart tells you.

Not what you hope the price would be.
 
Remember some years ago when oil was surging they were raising prices of goods and services on a day to day basis, prices of delivery, pizza prices and everything else in between were trying to keep up with oil prices rising to new highs, they were tacking on additional charges, and here we are at 30 year lows on oil and prices of goods and services still remain the same!!!
 
You can buy oil at spot prices when you buy a million at least. Are people here really entertaining the thought to store a few barrels in their backyard? :banghead:

S2007S said:
I know you are looking at the futures, so then what is the price of a barrel??? Its not $10 a barrel?
More...
 
maxinger said:
I used to trade in this way.

When price dropped sooo low, I'd go buy oil.

Then price dropped even lower. And I thought price would shot all the way to the moon.

And the price dropped even much more lower.

Then I have to top up my trading account.

and so on......


always trade based on what the chart tells you.

Not what you hope the price would be.
More...


The charts????

Umm nope, not one person predicted 10 oil!! If you had predicted 10 oil even a month ago you would have looked at like a fool!!


So what is the chart saying now "after the fact"?
 
This topic is .... a barrel of laughs. Sorry bad joke.

Or what about how do they move all those barrels down the pipeline?

Another bad one huh?
 
You must log in or register to reply here.
Back
Top