Oil: I call short term bottom right here
- Thread starter Rearden Metal
- Start date
Quote from Rearden Metal:
Here we have a fine example of why some traders are doomed to failure. The piker reads that riskarb & I just spoke on the phone. He then reaches all sorts of ridiculous conclusions with no basis in reality.
Guess what happens when he applies this same 'logical reasoning' to the markets?
<i>Key words: Gerbil. Rented. Vigorous Pounding.</i>
yep.....doomed for failure.......a quick 2.20 in CL aint bad huh.....talk about calling a bottom....
09-25-06 03:41 PM
Here is my trade
Just bought a bunch of NOV CL at 59.80
sentiment is ridiculously bearish now.....
Looking to ride this back up to 64 area....
Thanks man....so far so good....too much bearish sentiment out there....I figured if we broke 60 and didnt follow through on the downside, there might be a bit of a bounce.....didnt expect such a big one though...rallied 2 bucks too fast...legged out of some...
just wanted to show RM and his lambs I could back up my barking.....
just wanted to show RM and his lambs I could back up my barking.....
Great! Hopefully your trading keeps going well. That way you'll quit acting like such an envious loser.
things that are annoying to me:
1.) people calling bottoms. especially with no logical reasoning and no plan...
2.) people celebrating when they are right on a trade
3.) people beating on other people that are wrong on a trade
4.) shilling
5.) mulitiple aliases
6.) openly hostile and aggressive posters
this thread seems to celebrate all of the above... yet i can;t seem to stop looking at it... its like reality tv...
1.) people calling bottoms. especially with no logical reasoning and no plan...
2.) people celebrating when they are right on a trade
3.) people beating on other people that are wrong on a trade
4.) shilling
5.) mulitiple aliases
6.) openly hostile and aggressive posters
this thread seems to celebrate all of the above... yet i can;t seem to stop looking at it... its like reality tv...
Thanks
My point is that you aren't the only one with the ability to catch big trades.
The difference is I dont go around calling myself "The best trader out there" and I dont have such an inflated ego that I have the audacity to want to charge people on here for mkt calls....
I have only made 2 calls on here...one was monsterous (SP call) and one was pretty damn good (but still not out of whole position) .....and I will continue to post ideas without calling myself a genius...gods gift to trading...etc...
envious loser? damn.....you a little bit sore or what.....
have a good day.......
Nice trade.
Not sure this is headed right up to 64 though. Seems like more of a technical bounce from a short-term, oversold level and maybe a few shorts covering. Nothing has changed in the main storyline that I know of. Good luck with the rest of those. Unfortunately I missed the middle of the day on QM and also the general market run up off the Fed govs comments. Oh, well. Did well this AM though so it's cool.