This is it gentlemen! Batten down the hatches!! Big moves ahead

WOW!!!!!!!!!!!!!

OIL up fucking $7.82 to $94.02, that is incredible, I just paid $3.59 for regular last week, if this price stays above $90 a barrel by next week I will be sure to pay over $3.75 a gallon. $4.00 is not so far away!!!

This is going to be one heck of day tomorrow, I would be really willing to short oil by Tuesday or Wednesday.



S&P FUT
1328.00 -14.40 -1.07%
DOW FUT
12291.00 -84.00 -0.68%
NAS FUT
2365.00 -30.00 -1.25%
OIL
94.02 7.82 +9.07%
 
You are a brand new trader, with 1/2 of a day under your belt, according to your own admission.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=215580

"I am a virgin! Well, to be precise, I am a virginal trader. Actually, I guess I just lost my virginity. I have worked exactly half a day as Proprietary Day Trader. Not a bad first day. I didn't lose any money! Profit? $3.50 (after fees) on $10,000 of capital. I am a student trader still. Need to earn $2000 of profit in one month to graduate and receive more capital to trade. I have been given complete freedom to trade any stocks priced under $30 on the Nasdaq, TSX, or NYSE. Minimum 100 share lots. I guess I can chose more expensive stocks, but with minimum 100 share lots this is risky.

I've been reading a lot about people's experiences on this forum and others. I am curious to know how many of you trade by yourself, and how many of you work for someone else. My suspicion is that those who start by themselves tend to do more poorly at first. Am I right?

Any further recommendation would be appreciated. Please, help me to succeed as quickly as possible. Thanks."






Quote from bhardy307:

At first. However, stock markets will also crash. There will be a rush into cash. This will drive the USD up. The rise in the USD will be a much faster rise than any benefit Canada might get from an increased price of oil. There will be panic in Canada as well, collapsing our stock markets. All of this fear will be CAD bearish, not bullish.
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All of a sudden you are an expert on how mkts act?? Something doesn't seem right :)
 
To me instability would mean a flight to the Japanese Yen. I still don't fully understand why this is so but the yen seems to be a refuge in times of uncertainty. Disclosure : long the yen March contract
 
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Fireplace,

Do you understand the difference between Day Trading and reading the markets as a whole? A person can be an expert at understanding the macro situation, yet know nothing about trading!
 
Quote from Jackie Treehorn:

Bond weren't you on here saying markets couldn't go down...


And broccoli man was meme god statues..
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Yes. I said expect big moves and to go long CAD. I think we dip hard tomorrow following by a nervous bernanke propping up stocks. This is consistent with the Buy the Fucking Dip meme and what I've been saying all along.
 
Quote from bhardy307:

Fireplace,

Do you understand the difference between Day Trading and reading the markets as a whole? A person can be an expert at understanding the macro situation, yet know nothing about trading!
More...


Lol
 
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