oil up $2+ record closing above $97 $100 I think is coming, where it goes after that is anyones guess.
sounds like the makings of a spectacular blowout good luck. how much are you down so far, like 15k or something
this thing is going over $100 the market is demanding it id say short at $110 may be a worthwhile trade
the short expectancy on energy systems has taken a pretty historic hit. it's kind of dangerous to interpret that as an impending collapse. could turn out that way, but i agree, could easily go very ballistic on its way back to typical symmetry in either case, i recognize this fellas attitude. it's dangerous. all i can say is, if you get away with it, don't try and repeat it
Sounds like you have the winning strategy or the HolyG as we call it here in SanDaygo!! We need to compare notes, excellent strategy, it sounds a lot like my system, which is over 65% profitable including slippage and calls. You just gotta know when to ride the dragon and when to take the hare kare baby! Big winners require big faith and a little bit of ganja The proof is in the P&L not the pudding. High-five homeboy, if you don't mind sharing some tips, let's compare sizes. I'm short crude myself, but i got on the profit train a little late, i'm short in the $97.40 range. Adding on the way up because we KNOW this shizzz is goin' down...findamentals and technicals and the crack fair value of this stuff is $83.60 baybee!
Over time mine is profitable 9 out of 10 times. The key is capital and courage of your own convictions as drawdowns are inevitable Watch the currencies, particularly EUR... we are almost there Crude is becoming a joke and Iranians are going to be thought a big lesson... God bless America
lol .... a system with no stop is profitable 9 out of 10 times. ... so what happens/happened that 10th time? sigh