Oil down 3 percent as market reappraises Canada wildfire impact | Forex Factory

  • Oil down 3 percent as market reappraises Canada wildfire impact

    From reuters.com

    Oil prices fell more than 3 percent on Monday after traders took in their stride the impact of wildfires on Canada's oil output and after another inventory build at the U.S. delivery hub for crude futures. The market rallied 2 percent earlier in the session as investors considered the loss of half, or more than 1 million barrels per day (bpd), of Canadian oilsands supply. Almost all of Canada's crude from oilsands is exported to the United States. But with speculators already holding the largest number of wagers for a hike in U.S. crude's West Texas Intermediate futures CLc1 since last summer and near-record high ... (full story)

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Tony112
May 9, 2016 4:50pm
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I tried to stop but I can't. I'm smart but imperfect and fell down the gambling spiral once again. The price pushes higher or lower non-stop with no mercy. When I do everything right, I constantly win and then freedom takes over and bad thoughts... and then this... how many band-aids have I put on my knees. They're all covered. ahhhh I don't think counselling can help me. I have so many years of experience...
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Tony112
May 10, 2016 12:17am
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Quoting rankinchopra
i am same like you - first biggest mistake what i realized - never think I am smart.

I used to think and still think the same - this is the killing statement.

Another statement what i learned - even if you are 99% correct - 1% wrong prediction is sufficient to kill your trade.

These trades and leads doesn't follow any logic, these all news are fake or have no meaning.I think the whole game is controlled by white collar mafia and they play as per their rules and people like you and me are killed.

I lost roughly 40K AUD in 5 yrs and lost...
Thank you kind heart... i am very far in Canada... Although your words travel at the speed of light, straight in my mind to help me. Will get up again.
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Tony112
May 9, 2016 2:38pm
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Wiped 5k$ on this, gambler style, this morning. Felt bad, on top I was in a court room. Very bad day.
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mohsinali
May 10, 2016 8:20am
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News r impect for some time rest of time is trend...
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rankinchopra
May 9, 2016 4:17pm
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Tony a sincere suggestion - take professional help like counselling - I know how it feels.these all thoughts that sometime we think we can win and can make good out of it is actually an illusion.
The first thing is to control greed.
Second great education
Third great discipline.

Try to come out slowly and see there are so many good things in life.
Reply
rankinchopra
May 9, 2016 6:22pm
Permalink
i am same like you - first biggest mistake what i realized - never think I am smart.

I used to think and still think the same - this is the killing statement.

Another statement what i learned - even if you are 99% correct - 1% wrong prediction is sufficient to kill your trade.

These trades and leads doesn't follow any logic, these all news are fake or have no meaning.I think the whole game is controlled by white collar mafia and they play as per their rules and people like you and me are killed.

I lost roughly 40K AUD in 5 yrs and lost peace of mind, day and night trading,loose temper,loose interest in job.

I am taking help and pray good for you.
if you are in Melbourne , i am happy to meet you or happy to help you by all means.
Reply
rankinchopra
May 10, 2016 1:17am
Permalink
Mate even today I loose $2500 and closed my account . It's s disease and I know hard to control .

Look what I think it needs constant discipline and friends and family support .if available to you .
Be upfront and admit that yes we are in trouble.

The biggest loss is not money/ it's health and attitude.
Reply
Trader#B7D7
May 10, 2016 3:59am
Permalink
I am sure world fish prices and those for Eskimo coffins must have dropped or risen too, as a result. LOL

The Crow (-_-)
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