They will go back up higher again, but i dont think it will be this year.. But we will see $300 oil within the next 5years based on pure 'end of oil' inevitably coming nearer each day. Im completely n totally fucked out and finished for today and for the week now though with this fucking nightmare oil!!! :'( Who the fuck sells offs huge amounts of oil when a hurricance is about to hit the gulf???
man i got raped too. ive been shorting equities, and they are moving higher and higher on light volume. this is a weird week. it all started when i got greedy and didnt take a 2.5k trade. not bad for half a day. that turned to a negative by the time i woke up of the same amount. this oil selloff is killing my short position.
choc - no, I trade from home. Why? Are you in Woking? S89, What can I say? You've had a good run, but the reaction of markets to events is sometimes contrary to what might appear "logical". Personally, even though I might have an opinion, I trade my set -ups and my triggers, never my opinion. In other words, trade the price action, not your interpretation or expectations. I know people on t2w have told you this before and you've chosen to ignore them (many should be ignored , but some are capable traders), but you really should only ever risk a relatively small part of your capital on any trade. If you do have a bad run then that approach means you're still in the game. Enjoy your flat. Richard
richard is really worth listening too. from some posts that i read on t2w, he really knows what he is doing. if you listen to anyone, he is a great contender. the thing is at 120 there was a resistance.. a strong one. light sweet hit it and bounced off it. i think it will test. there are 5 days before the hurricane hits. i do agree though, its a crazy reaction
I was smart enough to close out at 117.35 though.. :/ Cos i saw lots of support above that that broke and i didnt like that at all. I dont like risking all my capital, seriously i dont mate... But i only had £1,500, now £864 left. Thats it, all the money i have in any bank account, wallet or anywhere. Its all in my trading account, being used to make a living by me. When its just S&R thats fine for me, i love selling off that... But now its just impossible to actually trade, cs i basially need to trade of the fking weather forecast!! :eek: Im gna try writing my CV now and am going to try and apply to the woking prop firm o be an oil futures trader... Extremely dount they will take me on though, and especially if i get given an interview il look so stupid.
unfortunately they usually want to have experience trading more money and proper qualifications. if you ask me, i have learnt nothing in uni about trading, but they want to see you have the materials so to say. i hope that it does actually work for you mate! i really do. otherwise, take a break for a week from trading. will do you a world of good.
recruitment@infinitycm.co.uk Im looking at them, but would me just showing them my 6weeks record of going from £750 to £5,500 at £1 tick with 12ticks spread be enough?? :/ I dont have any qualifications apart from vocational stuff at college, and running my own business. Sounds pretty feeble in some ways, but i not only need decent capital to trade with, but more need access to proper instant oil news streams!!