Stops were hit. Testicles exploded. Orifices bled.
Yeah, felling pretty good about that shit.
Stopped on my first /CL long at breakeven, then bought again and stopped for a loss.
My Sanchez buy from yesterday is now behind me, giving me a Sanchez as we speak.
Fuck you for laughing.
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So you’re saying we’ve hit the bottom.
😉
have you finished with it?
?
I’m going to finish on it.
LOL
A Sanchez? Please elaborate.
Poop mustache brah
My new rule for oil trades:
1. Find the spot you REALLY like
2. Wait 2 days
3. Enjoy the shakeout
4. Enter Order
That’s honestly been my approach to trading anything discussed here. I’ve been markedly more successful after having made that adjustment.
Long ERX
Laughing at your pithy self deprecation, not the loss!
Meanwhile in retail land…
Yeah I went heavy on Sanchez and COP calls. Nothing too serious but enough to smart.
Livermore didn’t mind being early:
“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine–that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.”
I guess in instruments with defined shelf lives that just means when price settles to where we want it – reload. Livermore’s advice could apply to the whole materials trade as well as to oil and retail. The really big money is in these trades and it will only go to the persistent few.
Awesome comment. Thanks.
Made me smile, not laugh. My day was worse than yours and my Sanchez is so old it is crusty.
thoughts on $YY?
Excess supply of oil. Inventories rising during peak demand season is a sign that oil will be MUCH lower come next spring.
From the volume and spread, it’s pretty clear that some major players are getting out. A hopeful temporary spike in price for the bulls could actually trigger aggressive selling since there’s so much oil supply coming online. Don’t fight the rig count. A point and figure horizontal count of the consolidation from Dec-April targets $36-$38 area. Just my $.02. Good luck.
OA, Do you think any CRSPR stocks look decent for a go?
jesus.. CL is a bitch. I fucking hate that contract
that cartoon image cracks me up… hard to believe we used to watch characters getting shot in the face with a shotgun as kids.
What’s your target exit on X?
My stock buy? 2019-2020.