They were all buying contacts at $18 when spot was close to zero or already negative. Lots of money out of home gamer accounts today. Lots of margin calls that will not be met. Profit on 1 short crude from Friday = $52K Same as the loss on a long who couldn't liquidate ahead of the close.
Yeah, I get that, but negative is suppose to imply the NOT. Damn, my head hurts already. Anyway, if S&P drops to 0 some day, will this be their way to manage the crisis? Man, this is setting a bad precedence.
Trump can't be President forever. It will get better so long as we survive whatever time in office he has left.
Sorry man IMHO this one trade is most like a coin flip (ideally managed with a skewed target/loss ratio, that is win/lose half the time, but make x2 bigger gains), but I'm not sure about slippage, so I'm testing this with minimum size
Sector after sector of economy slowly falling off the cliff and we are 15% from ATH. Needs to go down.
Na it's ok I had a good day. I averaged down on the drop since I had good profits and worked all day I earned the right to do that got out at EOD ramp for a little extra. It's all good.