Oil: I call short term bottom right here

Rearden Metal · Sep 14, 2006

Quote from BCE:

At least most people would see it that way. If you're going to make these calls maybe you should say how you did, where you exited, etc. like on the one you made $500k on. Just a thought. You've been around too and have seen other traders say things after the fact. You did mentionn in the P&L thread a week or so ago you had lost $295k in a couple of days, so that definitely does show honesty there. I don't really want to be on bad terms with anyone here but just call it like I see it as do you. Peace.

But you must admit the term "short term bottom" does imply more than one day.

----->I do admit that. I did NOT expect oil to get this low, this week- but I did dump the entire trade on yesterday's open, and you already knew I'd be dumping at least some of it there.

----> After everything I've given away on this site, one perfect call after another, you're suggesting I give even MORE?
My response now, will be to give less.

brandon12 · Sep 14, 2006

Rm called bottom in oil and it went up a lousy 60 cents are so. Then when you see it wasn't the bottom you sold. I concur with the other poster this trade sounds very bs. So you admit you were wrong about a bottom in oil?You're nothing but an addicted scalper who i'm sure has many huge huge down days.

Rearden Metal · Sep 14, 2006

Un-fucking-real.

I post about ten incredibly accurate market calls in a row on this site. Now I make a single call that turns out to be a bit imprecise (although I still made money off the play), and this is the response I get???

Dave Chappelle was right.

:mad:

bjdhawk · Sep 14, 2006

Quote from brandon12:

Rm called bottom in oil and it went up a lousy 60 cents are so. Then when you see it wasn't the bottom you sold. I concur with the other poster this trade sounds very bs. So you admit you were wrong about a bottom in oil?You're nothing but an addicted scalper who i'm sure has many huge huge down days.

brandon, if you don't believe what RM has posted then F-ing leave the thread...seriously dude nobody asked for your unqualified opinion.

i'm sure you are the guy that everything is a biggest dick, loudest belch, smealiest fart contest...you will never be 1/10th a trader as RM so accept the fact and leave so people here can continue to enjoy RM and his trade calls in this thread

Bitstream · Sep 14, 2006

Quote from Rearden Metal:

Un-fucking-real.

I post about ten incredibly accurate market calls in a row on this site. Now I make a single call that turns out to be a bit imprecise (although I still made money off the play), and this is the response I get???

Dave Chappelle was right.

well, it went higher and not by a penny innit, was up almost 1.5% around the inventories release. gapped and stayed up all day. that's good enough.

Surdo · Sep 14, 2006

It was a nice fucking call, it was worth a buck!
Was it the bottom? who cares....it went up. I'll take a buck scalp in Crude every day.

NICE CALL RM!

Bitstream · Sep 14, 2006

Quote from Surdo:

It was a nice fucking call, it was worth a buck!
Was it the bottom? who cares....it went up. I'll take a buck scalp in Crude every day.

NICE CALL RM!

yeah, if instead then bitchin' that brandon would gave bot that thick red shite at the close he sure would have made good money innit.

wareco · Sep 14, 2006

Quote from Rearden Metal:

Un-fucking-real.

I post about ten incredibly accurate market calls in a row on this site. Now I make a single call that turns out to be a bit imprecise (although I still made money off the play), and this is the response I get???

Dave Chappelle was right.

OK, so it was a tradable bounce vs. a short term bottom. Big friggin' deal. Anyone who bought at 63.73 +-, had mucho opportunity to exit the trade for a profit. Like RM said, he's was partially closing a portion of the trade at the open. That should have been your clue to be nimble in the trade.

scriabinop23 · Sep 14, 2006

RM makes some damn good calls, and they're fascinating to say the least. Thats part of what makes Elite trader such a great place..

Plus his love for meats, hookers, and cheeses probably goes unmatched in the trader world.

He's an asset.

now back to silver

I noticed you keep your analysis to yourself .. I imagine that is the secret sauce. But I too enjoy analysis and discussion, whether I choose to take the trade or not... so feel free to comment.

5Pillars · Sep 14, 2006

Quote from Rearden Metal:

Un-fucking-real.

I post about ten incredibly accurate market calls in a row on this site. Now I make a single call that turns out to be a bit imprecise (although I still made money off the play), and this is the response I get???

Dave Chappelle was right.

Remember in life....one awe sh*t wipes out a thousand at-a-boys!

Hey, it bounced a little so you cant think your call was off.....you had time to grab some small profits and maybe get the remainder out at B/E.