MGTOWWhat's going on with OIL? – MGTOW https://www.mgtow.com/forums/topic/whats-going-on-with-oil/feed/ Mon, 08 Jun 2020 12:50:55 +0000 http://bbpress.org/?v=2.5.14-6684 en-US https://www.mgtow.com/forums/topic/whats-going-on-with-oil/page/518/#post-3536 <![CDATA[What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/page/518/#post-3536 Thu, 18 Sep 2014 08:39:49 +0000 Total Lee Any of you guys have any speculations on the price of oil taking a dip in the last couple of months? It’s good for the dollar, but I thought $100 barrel was the floor for the last couple of years. Any dip below that and it didn’t last long, but this looks like a great buying opportunity!

]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-3797 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-3797 Tue, 23 Sep 2014 13:38:54 +0000 Soldano Be careful with oil. It’s not what it used to be.
I wouldn’t put money in that.
It’s a gamble, you might win but it might never go back to the levels you knew.

Investing nowadays is very dangerous, forget everything you know.

]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-4700 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-4700 Mon, 13 Oct 2014 07:57:58 +0000 Keymaster If it hits $85 a barrel, I’m buying. It would be insane not to.

Oil is interesting because it will never be free. Everything – including styrofoam cups – is made with it.

We all get excited about a 50-cent dip in price at the pump….
I would get equally excited about it being $85 a barrel for the first time in years.

And I just checked bloomberg and it’s crashed to just below $85.00

http://www.bloomberg.com/energy/

So I will buy a little tomorrow. Another little at $82. Go bigger at $80 and sit and wait.
The odds of it hitting $70 are almost NIL. They will start a war before that happens. But if it does. I will go all in.

Just speculating.

If you keep doing what you've always done... you're gonna keep getting what you always got.
]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-4965 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-4965 Thu, 16 Oct 2014 11:34:55 +0000 Total Lee Jesus Christ I can’t believe it. Oil dropping like a rock. Good for the dollar though.

]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-5220 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-5220 Sun, 19 Oct 2014 11:12:04 +0000 JollyMisanthrope How about silver? It’s dropped quite a bit it looks like.

The Children of Doom... Doom's Children. They told my lord the way to the Mountain of Power. They told him to throw down his sword and return to the Earth... Ha! Time enough for the Earth in the grave.
]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-7317 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-7317 Mon, 10 Nov 2014 10:47:12 +0000 Total Lee @Chaos I don’t know enough about silver or metals. Gold I follow just to keep an eye on the dollars and it would look attractive below $1000 per ounce. Keymaster called it on oil. Hit mid 70s just before the mid terms last week just like he said. Up at least %1.3% premarket according to Bloomberg. Oil under $80 is a gift. It was looking scary but when oil goes down the buck goes up so it works out in the wash. I bet it will be over $100 a barrel again in June. If it’s a cold winter maybe higher. It should be $90 by Feb or sooner. Maybe by Christmas. Canadian dollar was at par in the spring now 20% cheaper than US. Place your bets gentlemen.

]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-7355 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-7355 Mon, 10 Nov 2014 23:24:31 +0000 McQueen I guess it’s true what they say. When there blood in the streets, buy property.

]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-7983 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-7983 Mon, 17 Nov 2014 11:50:41 +0000 Keymaster $75 Oil right now. CRAZY! Averaged down and in for 6 months will wait and see in July. Not too worried because as it goes down the dollar goes up. It’s a good hedge against the buck. Not in for that much. But NatGas is already going meteoric it’s gonna be a BIG day tomorrow +3% right now. Already in for a couple of months and if this winter is anything like last year, I’ll be thrilled. just wish I waited a little longer to buy. Last year on Nov 12 I bought a chunk in a 3X ETF and watched it explode into February. So that’s my take If OIL dips into the 60s I’ll cut and run. But Nat Gas is my favorite horse right now.

If you keep doing what you've always done... you're gonna keep getting what you always got.
]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-8180 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-8180 Wed, 19 Nov 2014 14:30:08 +0000 Total Lee Well you sure nailed that one. NatGas up 5% the other day and is up another 4.2% right now. One minute to the bell. Great call.

]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-8990 <![CDATA[Reply To: What's going on with OIL?]]> https://www.mgtow.com/forums/topic/whats-going-on-with-oil/#post-8990 Sun, 30 Nov 2014 09:51:42 +0000 iamaman Losers Average Losers

Total Lee, always buy strength (trending upwards), and sell weakness (trending downwards) and avoid sideways.

You do not need to predict the future, all you needed to do is ride trends by trial and error with good risk management (position sizing), and by performing some sort of empirical analysis with some simple mathematical indicator to quantify risk in your trading.

Key Master, “losers average losers – Paul Tudor Jones”, never average losers, a good trader loves taking (small) losses and hates taking (premature) profits, in trial and error process until trend happen and you end up ride those trends. You cannot predict the future, the only way to be in trends is to keep trying until they happen and others call you lucky but you know better for the losses you have taken until then – Luck is where preparation meets opportunity, where preparation is trial and error is the price of being lucky. That is what trading is all about, otherwise someone knows the future and they need not lose a penny.

Your answer: forget news, forget fundamental analysis, bloomberg and any prediction, and ignore your broker. The answer is Algorithmic Trading, be it Trend Following or Counter Trend, mainly keep your eyes and spreadsheet and equity focused on price only, do research for patterns using simple mathematics, and mainly quantify your trading.

Just imagine your self selling oil since mid July and pyramiding downward, just by following the price trend; that after losing little by little and only averaging in the months before this massive down trend.

]]>