Aarrggh !!! Rbob...

Discussion in 'Energy Futures' started by scriabinop23, Apr 4, 2007.

  1. Had to post today, just to bitch somewhere.

    I've been carrying a short NG against long RBOB. exited the NG yesterday nicely, and decided to carry the RBOB ... my entry avg was around 2.03 front May.

    Then Iran comes out...

    I bailed and re enter twice ... in around lows before the EIA. then I sold one up 1c before the EIA... then re-entered 2c later after EIA.. then sold WAY to early in the 2.05 area..
    etc. etc.

    Then decided to short the close. And down a c there.

    So actually not DOWN for the day on the contract, but would be much better off if I just left it alone and sold my longs end of day.

    A negative testament to overtrading.
  2. That's so often the case, isn't it? RBOB has had a very nice move.