Candidly, I missed out on this trade. As a point in fact, I cannot recall the last time I played oil correctly. The irony of it all is that I have the keys to the future for this sector, the blueprint that mints money on an annual basis, but because of my proclivities for short term trading, I fall victim to emotion and capitulate before the big wins are enjoyed.
“What the fuck is this guy talking about?”, you ponder? I’ll show you now.
These are the seasonal returns for the oil and gas drilling sector and also COP, which is a great representation for all of crude. Behold as the secrets of the crude trade are reviewed via simple data collection analysis via Exodus. If you only bought oil stocks in Feb and sold in May, your gains would be bountiful and your cock would be swinging very low indeed.
I know what you’re thinking: “this time is different.” But it’s not. The allure of buying at the highs is always strong and new suckers are minted every day. Have a look at the actual price of crude on a seasonal chart. Look how infantile this market is and how easy it is to predict.
This is child’s play. At the very latest, sell all of your crude stocks by June and don’t come back until late January. If you overstay your welcome, I look forward to seeing you fall victim to a Saudi Arabian saber angling sideways and strongly at your manlet neck.
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Sage advice Doctor. Raising stops with regularity until the turn occurs.
Right, what could ever happen in the Middled East this year between June and January to drive this thesis awry?
Cad listed ZJN working out so far +380bps
Fly,
Pull up the 5 year daily oil chart with a volume profile. Absolutley very little price history between 70 and 90.
Also, sorry about your friend. Addiction is awful, seen it in my family.
I’ve seen many internet pictures in my day and have to say that the main page photo for this story is about a 9.5/10.
stop playing the short term game.
Unless we experience a global depression oil will rise to $80 within the next 2 years. probably before the end of the year.
We are currently undersupplied because there hasn’t been enough new projects in the work to replace to old. This isn’t changing over night. This is gonna take a while to turn around and all this time all you need to do is pick the low hanging fruits.
You do as you like… but in my books any bad news is good news for me as I’m buying all the dips in this sector.