WTI now @50.60 headed for $41 - $34

[Top Oil Trader + 469]

so just took a short. so in hindshight i should not say this. since if it goes to 56 later, one of my fans will come out and say, ah u shorted at 54.4 and now its 56 so u lost money. and just booke 250 on just 1 contract. people its all about timing.. 

[Top Oil Trader + 469]

aakash couldnt have said it better myself, but i also acted on it, and 1 min later it driopped 30 ticks

[Top Oil Trader + 469]

so here is the thing if this now goes below 5340 its all over, if it can hold there is still some hope for more long trades

[Dan Warnick + 6,100]

9 minutes ago, Top Oil Trader said:

indeed but i was long 7 contracts and at those times you need to expect the worst.but from the chart yes i should have waited.

Hindsight is 20/20?

[Top Oil Trader + 469]

what i like most about crude, i mean what i really love about crude, is trading just 1 contract, like a humble person, because then i can trade the charts in and out. but when i trade to much, there is fear, there is emotion, there sometimes are even mistakes.

[Top Oil Trader + 469]

DW i see you had your coffee, you always have words of wisdom wink

[Top Oil Trader + 469]

so this is a small trade only 230 still short, but these trades are the ones i like when i trade with 1 contract, i simply follow and dont ask any questions, or exit before the time why. well if it goes against me by 30 ticks first no big deal, with 7 contracts that would be -$2100 and that is to much for me. thats like 2 years worth of starbucks

Edited December 4, 2018 by Top Oil Trader

[Dan Warnick + 6,100]

1 minute ago, Top Oil Trader said:

DW i see you had your coffee, you always have words of wisdom wink

Well, no one can see the future clearly ALL the time, right?

[aakash kapoor + 16]

These trades are full of excitement when you have to test your patience >.<

[Top Oil Trader + 469]

so a beautiful beautiful long earlier and a amazing short

very impressed with my entries.

[Top Oil Trader + 469]

well i made i think 2.4k on the 7k trades had i kept them a bit would have been nother 3.5k but was relieved to exit. right now 350 on 1 contract again not bad, that is like 4 months worth of starbukcs

[Top Oil Trader + 469]

ah dw, there are some, who have like you say 20/20 in trading, Let me ask you dw, where there anyone on this earth or on other planets who on oct 1st when wti was 76, came out and said wti would drop to 65 or lower? Was there anyone who said wti was a long at 53.40 earlier and  a short at 54.4? anyone you know?

[Top Oil Trader + 469]

not trying to show. i need to shut up, because whenever i talk too much i end up taking a trade thats not on the menu, and end up eating it up. take care for today, or maybe the week.

[catch22 + 244]

Dont forget- API data and OPEC cut announcements are coming...

Could be an interesting couple of days ahead...

[Top Oil Trader + 469]

first day ever i have traded so accurate in exits and entries, couldnt ask for anything more

[GeoPolitics + 14]

@Top Oil Trader care to post those entries and exits? You've done it with your other trades, why aren't you doing it with these?

[Top Oil Trader + 469]

its difficult screenprint cut save past, its lots of work

[Dan Warnick + 6,100]

15 minutes ago, Top Oil Trader said:

its difficult screenprint cut save past, its lots of work

Hey JJ.  You can just click on the windows icon on what used to be the start menu.  Type snipping tool and when it pops up you right click on it and pin to taskbar.  Once it's on the taskbar it is always handy.  Then you can take a snip, copy and then paste directly onto the oilprice comment.  No save needed.

[Top Oil Trader + 469]

too much new stuff to learn

[GeoPolitics + 14]

1 minute ago, Top Oil Trader said:

too much new stuff to learn

If you learned how to trade crude in 2 months, the snipping tool should be a cake walk!

[Top Oil Trader + 469]

for now remainn short from 54.3 if it goes above 54 will exit the shorts.

[Top Oil Trader + 469]

2 things i hate, walking and cake

[Top Oil Trader + 469]

i have no idea how i am so accurate? must be the good vibes from this forum

[Top Oil Trader + 469]

so i said long long ago if 53.4 is taken out forget it, now if they take out 52.8 then everyone can forget about it. So long still have a sliver of hope, 

[aakash kapoor + 16]

Looks like a matter of few minutes

Edited December 4, 2018 by aakash kapoor