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1% per day in Crude Oil

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  • Post #181
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  • Apr 2, 2018 8:46am Apr 2, 2018 8:46am
  •  nivashkumar
  • | Joined Jul 2013 | Status: Member | 115 Posts
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- Jack of all trades, Master of none -
 
 
  • Post #182
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  • Aug 13, 2019 2:34pm Aug 13, 2019 2:34pm
  •  vpn
  • | Joined Aug 2019 | Status: Member | 124 Posts
You seemed to be a pretty talented oil trader...
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Is that still the case today?
 
 
  • Post #183
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  • Last Post: Sep 17, 2019 4:32pm Sep 17, 2019 4:32pm
  •  auricforecas
  • Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
Quoting vpn
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You seemed to be a pretty talented oil trader... {image} Is that still the case today?
Ignored
Probably not It is rather usual story.. Either trader become so beyond profitable that he quits... Or, much much more common... The BUST/margin-call/stop-out of the account happens at which point trader stops synching the TradeExplorer (TE), later removes it... stopped posting, quit.. And some give request to remove their account... Returns like this can be very blinding but would have to look closely what is behind.. trendsurfing, martingale, grid or just open (full-exposure, no SL) trading, high-lev possibly.. UNTIL...

That is why I to try to avoid expectations like this in this kinds of markets... 1% looks good... day after day.. until it crashes... Those are not real estates, fixed incomes etc... Everything can change in a split second.. I much prefer TRADE/MILK it as much as possible, as quickly as possible and RUN LIKE HELL CHEETAH mode...
rest, wait for the opportunity, run ->hunt for the kill.. rest... Instead of expectations of somewhat stability, consistency... Specially see now.. We were (majority) consolidated on the south views for the oil... Yeah, that should have been some warning/sign, usually when too many people agree... Saudi situation happened over weekend... So one could get to 99% and got BUST So I saw screw 1% per day... because it implies somewhat consistency/reliability which I think it is an illusion in this markets... The ones that really got something big.. usually HIT big and PULL-OUT before... they throw it all back... UNTIL they maybe see the opportunity again
But trading 1%/day consistently.. is an illusion, if I have learned anything in 10+ years... Again, for (real) trading!
Can you afford to take that chance?
CHEETAH LIVE TE Return This Year: na
 
 
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