Monday, April 21, 2008

Pray for my account


I wasn't going to post this, but, I want to try and post my daily P/L everyday. So much for being positive everyday this month. Yes, I was one of the people short Crude going into the close today. I'm going to work, hopefully there's no attacks on Oil refineries or some terrorist attack that sends Oil up another 20 bucks.

I may blowup whats left of my account tomorrow via being SHORT CRUDE OIL.....
......STOPS ARE IN.....
FUCK CRUDE OIL!!!!!


11 comments:

Jason on 5:24 PM said...

whats your stop

StockHunter on 6:53 PM said...

what is it good for? Did you get any of your sell signals or it's just the self destruction mechanism that woke up again?
This is really stupid and I'm sure you know it, right?

Good luck anyway.

HPT on 8:48 PM said...

Jason, the stop is around 120. So with my lucj it's probably best to go long with a price target of 120.01 and then reverse.

SH,
I've been wanting to go short crude for weaks. Today I finally pulled the trigger because I think we are close to a reversal and I was thinking we would selloff with the May contract expiring tomorrow.
I was a dumbass letting the trade go this far against me. When I saw what was happening at the close (short covering rally) I walked away from the computer and started swearing for the next 10 min. I then left the house and went to the gym.
I'm holding this POS. If I can get out at Breakeven I'll take it, but if it looks like we are going to selloff hard tomorrow, I'm holding this piece until I get some cheese.
I could exit this POS right now, but I think the runnup at the close was BS, so I'm gonna see what happens tomorrow.
It was a mistake trading Crude Oil #1. I have no edge trading crude. this is really more of a gamble even tho the charts looks like they need to pullback. I really never should have put on this trade. Lets hope this fucker tanks tomorrow. Gas prices are sickening.

StockHunter on 4:54 AM said...

fuck this mofo crude, I hope it'll collapse to $100 while you still in it. But seriously bro, you gotta stop doing this to yourself.

TOC on 5:50 AM said...

Pattern recognition has to be a part of your plan. Your entry was during a corrective pattern, an ABC down measured move, you entered on the C leg. The high was 17, it dropped 1.50, retraced a perfect fib to .618 of that to 16.50, then dropped 1.50 to 15.00 and stopped DEAD. That is not a pattern to short, since oil is an a bull run blow off top and it was likely that the entire drop would be retraced, impulsively, which it did.

HPT on 6:02 AM said...

TOC,
apparently there was an attack on a japanese oil tanker right around when we rallied at the close. Your right about the tech analysis of the crude setup tho. lets see what happens today.

mdawsz on 10:51 AM said...

Are we looking at another high probability blow up???

HPT on 11:26 AM said...

FUCK CRUDE OIL.....FUCK IT

yG on 2:19 PM said...

yes fuck crude and fuck euro

newequity on 7:29 AM said...

fuck u crude oil.

Stewie on 9:59 PM said...

we all hate crude this high. trust me, i drive a lot. but you cannot just short it because it went up a lot. the ascent looks organized to me and could'top out' from higher numbers. You lose control of the trade when a trader starts to cheerlead a direction. no worst feeling then when a trade is in control of you, a trader needs to control the parameters and you set the rules for the trades, not vice versa. I hope crude tanks to $60 but right now, it's a strong uptrend and you are pulling on superman's cape. good luck HPT.

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