{quote} Seriously????? Wait till it starts showing signs of rising... buying the dips in a strong downtrend is for DIPSHITS..... {image}
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Heheh - right, I just pocketed one monthly IT guy salary from Dipshits on a strong downtrend. Will do this next week too.
Let me tell you - I know tons of guys who advocate how they “need to see sign of recovery” - I guess they will buy it on 70$ when is time for downward corrections and curse “market is rigged”.
I’m amused how many suckers here advocated for Bitcoin at 19000 (a really good investment!!!! - check the actual price now) and fail to consider buying a cheap commodity.
And what is the problem to buy it segmented at different prices and hedge some profit of it dips more? And cash the top positions later next 1-2 months. Or you like or other suckers is caught in the belief that trends lasts forever? Did you make segments of your capital?
{quote} Heheh - right, I just pocketed one monthly IT guy salary from Dipshits on a strong downtrend. Will do this next week too. Let me tell you - I know tons of guys who advocate how they “need to see sign of recovery” - I guess they will buy it on 70$ when is time for downward corrections and curse “market is rigged”. I’m amused how many suckers here advocated for Bitcoin at 19000 (a really good investment!!!! - check the actual price now) and fail to consider buying a cheap commodity. And what is the problem to buy it segmented at different...
In its final leg it stayed 3-4 weeks around 27$ doing wild ranges (6-8$) - perfect opportunity to buy on dips and cash when price hits 3-4$ profit per barrel. Then it jumped to 50$ in 3 months. And started to climb...
So let’s say I have segmented my capital in 10 subaccounts dedicated to trade them on each 3-4$ range in price. So I have a position long at 51$ and have a sell order at 49$ on the same account with let’s say 50% of the original size? And what if the balance equity of that account is mathematically targeted to hold one negative buy position (as long as half of the position size as short at 49$) even if price hits 5$ per barrel? And what happens when short position at 49$ price is cashed let’s say at 25$ when there is some obvious reversal rally? And let’s say in 3 months the price reaches back the 51$ price of the original long position (there are brokers that do not expire positions and swap rates are minimal)? So this account (sub account 1 out of 10) has made profit on the way down and has made zero loss form the original position?
And what about the other 9 subaccounts that you used to buy on prices bellow 50$ - they already have balances cashed in nice profits. So your whole capital portfolio would progressively makes even more money if the price goes as down as possible - even 15$ per barrel.
Does anyone here is even remotely literate to understand that big fund don’t use “one account with SL at 2%” to make money?!
From what I see - no one here is financially literate...
{quote} Ok. What happened last time 2 and half years ago? In its final leg it stayed 3-4 weeks around 27$ doing wild ranges (6-8$) - perfect opportunity to buy on dips and cash when price hits 3-4$ profit per barrel. Then it jumped to 50$ in 3 months. And started to climb... So let’s say I have segmented my capital in 10 subaccounts dedicated to trade them on each 3-4$ range in price. So I have a position long at 51$ and have a sell order at 49$ on the same account with let’s say 50% of the original size? And what if the balance equity of that account...
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There is no need to be rude to people. Have you worked at a fund before?
Senior Iranian officials have said that if Iran is not allowed to export then no other countries will be allowed to export oil through the Strait of Hormuz at the mouth of the Gulf.
{quote} There is no need to be rude to people. Have you worked at a fund before?
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I’m not rude - I’m actually a nice person :-).
But some obvious questions sets me off.
I’ve never worked in a fund - I’m an engineer with own business, but for 7+ years I’ve been using such simple techniques to make money on a side with my own funds - and I’ve never understood why people here all the time questioning something so simple that actually works?
{quote} Won't have much if any of an effect. Other countries have taken up 90 percent of the supply shortfall
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Other countries covered the gap of Iran oil, but what if Iran stops other countries from exporting the oil , they will put that stealth destroyer ship right at the straight of Hormuz where 1/3 of oil goes through
{quote} Other countries covered the gap of Iran oil, but what if Iran stops other countries from exporting the oil , they will put that stealth destroyer ship right at the straight of Hormuz where 1/3 of oil goes through
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They aren't the only ones with a navy and the coast they have is not the only one by Saudi Arabia.
{quote} They aren't the only ones with a navy and the coast they have is not the only one by Saudi Arabia. {image}
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Senior Iranian officials have said that if Iran is not allowed to export then no other countries will be allowed to export oil through the Strait of Hormuz at the mouth of the Gulf.
{quote} Senior Iranian officials have said that if Iran is not allowed to export then no other countries will be allowed to export oil through the Strait of Hormuz at the mouth of the Gulf.
{quote} LoL you sound weird ... I’m not taking sides bro .. this news will take Oil to the roof , I don’t care and I don’t wish luck to any side
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I sound weird, how old are you?
July this year Iran threatening the same thing and that week oil prices continued to drop. There is a global glut and opec are again talking of cutting production but go ahead and believe a reiterated story line will now send oil to the sky.
i know this threat is old , talk is cheap , but if the threat is backed by home made enormous stealth fighter warship getting launched , the threat has got some merit now .. you can’t just discount this event as if it’s a non event .. what if Iran blocks the stratight of Hormuz now ? Maybe you should read the news article again https://www.reuters.com/article/us-i...-idUSKCN1O033N
Are you guys ready for Oil Price Surge on Monday ?? Simultaneously, Saudi Arabia said through its state-owned press agency that Riyadh and Moscow had held talks in Buenos Aires about "rebalancing" the oil market. On Sep 6th, 2016 when similar Oil Pact was agreed between Saudi and Russia, Oil Surged $10 the next two days..... https://www.bloomberg.com/news/artic...-opec-oil-pact
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I have long positions in range 49-51 - I guess I’m :-)
