I'm Shorting Crude NOW. I've been waiting for this moment, for all my life....

Discussion in 'Commodity Futures' started by ByLoSellHi, Jun 6, 2008.

  1. START PACKING YOUR BAGS
     
    #11     Jun 6, 2008
  2. Yes.

    Stop @ 125.

    No guts, no glory.

    Edit - Stop @ 128. :mad:
     
    #12     Jun 6, 2008
  3. Bowgett

    Bowgett

    Stops are for losers :p
     
    #13     Jun 6, 2008


  4. ?????


    Stops for a short would be -above- the market.
     
    #14     Jun 6, 2008
  5. scriabinob, no stop.


    Brie [​IMG]
     
    #15     Jun 6, 2008
  6. jasonjm

    jasonjm

    those are his stops on USO maybe?

    lol
     
    #16     Jun 6, 2008

  7. Yeah - if you're going to try and pick tops you better give yourself some 'wiggle room' - since the position might go against you sharply at first

    I'm not going to go so far as to say: 'Picking tops is for losers.'

    But I will say this: you better have some damn good technical analysis or have a threshold for pain like Jim Rogers - when he shorts parabolic moves

    Good luck
     
    #17     Jun 6, 2008
  8. That stop can't get hit today, limit up would be $137.89 for the front month CL contract.
     
    #18     Jun 6, 2008
  9. Either its a blow off top or you'll be doing blow.
     
    #19     Jun 6, 2008
  10. Many tried to pick the top this week, and found one.

    Their scalps.
     
    #20     Jun 6, 2008