RE:RE:RE:I thought I heard a train coming hahaSnowballer wrote: lol wow look at all my customers this morning.
1) I'm trading stocks with oil as an indicator (i'm not trading the commoditiy)
2) The SP performance is at risk of much further underperformance
3) I preserve capital and don't mind spending a small amount of money to flush out my tail risk trades.
4) It's no big deal to me to buy back in higher if my confidence on the diection and momentum is increased. THIS IS LIKE A HEDGE AND IS BOUGHT AND PAID FOR IN STEP 3)
masfortuna wrote: Snowballer wrote: To use my last analogy lol see if I will jump off it today. Fortunately because I trade this will cost me a fraction of my last trade's profit.
we shall see! Perhaps I'll add instead. GL everyone
If your call was for a max low of $77 (3 days ago) and you already bought, how does it make sense to sell at $79???
So if I understand this correctly, when you want the sp to decline, you post here that you expect WTI to decline and will hold off on buying. If you get it wrong, then you post that you don't trade the commodity. Is the above statement accurate???