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(edited)

For the traders out there ... 

Any thoughts or opinions on the subject are welcome. 

 

 

Edited by DayTrader
general topic change

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I I toss chicken bones in the air and see how they fall. If results are questionable, I refer to the markings on an ancient tortoise shell I keep around for reference. If all else fails, I just roll the dice.

The results seem to be as accurate as those other systems you mentioned.

Well dammit, you asked!😂    

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Haha, this was for actual traders, and I beg to differ.

That said, I may buy a tortoise and test one of your methods. 

 

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(edited)

Instinct, from experience.  

The first rule of trading is not to "make money."  The first rule of trading is "to survive."   This sounds odd, but I'm perfectly happy with matching the S&P.  

If you survive long enough, chances will come up where you can make your boatloads (or buttloads.  Damn you Tom).  

Edited by Zhong Lu
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Doesn't sound odd at all. I agree with all and yes that image has not helped

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Oil Explodes 20% Higher, Biggest Jump On Record

Update (2100ET): Even the algos are confused at which way to push things...

2019-09-15_18-07-00_0.jpg

Notice the extreme surge in volume as the machines fight with one another.

Here is the entire battles in context.

2019-09-15_18-08-59.jpg

 

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(edited)

I am trying to understand if it is supply and/or demand that plays a role in crude oil market. I have noted that in the crude oil market that supply usually plays a big role given that prices are sensitive to the amounts available at any given time since demand is probably more constant here.

Edited by canadas canadas
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21 minutes ago, canadas canadas said:

I am trying to understand if it is supply and/or demand that plays a role in crude oil market. I have noted that in the crude oil market that supply usually plays a big role given that prices are sensitive to the amounts available at any given time since demand is probably more constant here.

Seems to me that it is the oil traders that drive the oil markets, as much or more than supply and demand.

 

< ducks incoming bricks from oil traders >

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(edited)

Stay the f- away from oil, both long and short.  The price action is shitty in both directions.  This is one of the times I'm glad I can't trade until morning.  

Edited by Zhong Lu
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(edited)

Ok, buying 1000 shares UCO.  Not willing to commit more as it's news driven.  Went over 60 and held.  Low volatility once the US markets opened.  Seems good.  

EDIT: Ended up committing more to 2000 shares average 20.85 or so.    So far so good.  These green days where it's grinding up without volatility are easy to trade.  Will see.  

Edited by Zhong Lu
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Stopped out at price I entered in.  Disappointing. Oh well.  No money lost.  

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