[Jaymax]

Do a search on here for threads with 'futures' in the subject - you'll find plenty of get-started tips and links to good info etc...

--J

[Snowrunner]

$this->bbcode_second_pass_quote('ElijahJones', '
')Some simple policy options would be

1) Negotiate production accountibility with our providers, show favroed statust to those who will practice transparency

[sameu]

$this->bbcode_second_pass_quote('dukat', 's')ameu didn't someone say on this thread that as soon as oil prices reach a high, the longs sell and the small fry public rush in and buy. I strongly recomend against investing in oil futures (not features). It's impossible to predict how oil will run

[richardmmm]

$this->bbcode_second_pass_quote('OilsNotWell', 'N')ice to have an opposing opinion here Richard3M...

I think you're full of crap.

...

[OilsNotWell]

Thanks for your spirited response, Richard.

Today was whip-saw it appears...what a swing in price! Peak oil I think will probably bring even more volatibility. But any drop in price I think is not due to plentiful supplies, it's going to be because of demand destruction. Price could fall to $50-55, but it could also go to $100.


As far as this goes:

$this->bbcode_second_pass_quote('', 'o')il dropped from $70.80 high around the time I made my posting to a $66.20 low , that is a $4600 move, per contract. The margin on oil is about $5000 give or take. So say you had a $50,000 account and the balls to throw on 10 pieces. That would be a quick $45,000. If you added in another 5-10 pieces on the way down you could be sitting on $75K+ right now

[OilsNotWell]

Oh, and I saw a recent analysis which vigourously refuted your 'blame the hedge funds and speculators' analysis.

I'll try and find it.

[retiredguy]

Living for the present seems to be the right explanation.

From what I gather from the news I've seen, it seems that oil prices fell because of short-term profit-taking and because there is as yet no definitive news regarding the status of the oil rigs in the gulf. Or the refineries.

That's classic short-term thinking. If the news is bad tomorrow, the price of oil will really spike.

[richardmmm]

$this->bbcode_second_pass_quote('sameu', 'I') really want to buy oil features
but no clue where to start
minimum investment is 1000 barrels I believe
anyone experience with this?

[MicroHydro]

Today was a classic contrarian day. Bad news (for the Dow) is bullish, climb a wall of worry and buy when frightened retail traders are selling. Good news (for oil futures) is bearish, sell when greedy retail traders are buying.

[sameu]

yes indeed, you make a lot of sense
actually I do have some experience with online trading games
not real money, but everything else was as real as it gets
first lesson learned, only trade with money you can spare, so you don't have to go jump of any roofs when things don't work out the way you anticipated
but I liked it a lot and I do believe I have a good 'feel' with the markets
gonna look into this some more

[Dukat_Reloaded]

There has been a big swing in futures, they have all jumped up again within the last hour.

[Dukat_Reloaded]

Isn't it silly, after all these events, GOLD has just reached a weekly low. Something seriously dodgy going on.

[Ming]

$this->bbcode_second_pass_quote('', 'o')il dropped from $70.80 high around the time I made my posting to a $66.20 low , that is a $4600 move, per contract. The margin on oil is about $5000 give or take. So say you had a $50,000 account and the balls to throw on 10 pieces. That would be a quick $45,000. If you added in another 5-10 pieces on the way down you could be sitting on $75K+ right now.

[fossil_fuel]

from the FXCM website:

"Do you Charge a Commission on the Mini account?
No. FXCM charges no commission or transaction fees to trade an FXCM Mini account. As the leading player in online currency trading, FXCM receives and is able to pass on the benefits of size to our clients. FXCM is compensated for its services through the bid-ask spread."

how does that work? compensated thorugh the bid-ask spread?

[smiley]

$this->bbcode_second_pass_quote('', 'w')e'll be looking back at this oil nonsense in a few years and it will be like any of the other numerous scare syndromes that seem to grow ever more popular and ever more frequent.

what i am wondering is when peak scaremongering is going to strike. when we run short of pseudo experts and ridigidly opinionated people that will go hammer and tongs to slander people when presented with any kind of opposing opinion.

[Jaymax]

$this->bbcode_second_pass_quote('Ming', '')$this->bbcode_second_pass_quote('', 'o')il dropped from $70.80 high around the time I made my posting to a $66.20 low , that is a $4600 move, per contract. The margin on oil is about $5000 give or take. So say you had a $50,000 account and the balls to throw on 10 pieces. That would be a quick $45,000. If you added in another 5-10 pieces on the way down you could be sitting on $75K+ right now.

[gt1370a]

One thing Richardmmm fails to mention is that the BIG holders of oil are also BIG holders of everything else. Now, if oil goes to $100 a barrel but the Dow drops 8000 points, are they net winners or net losers? They have a vested interest in keeping the price down after an event like this to prevent panic. What they want to happen is for oil to keep going up $1-$2 a week, so they can monitor the effect on the economy, and figure out how high an oil price the economy can tolerate, and make a ton of money on both ends. That might explain why some of the big holders were selling today.

One of three things could be happening, and they're all kind of related:
1) This kind of incident was the "fear factor" that was already accounted for in $67 oil. Now that it has been realized, we are seeing a fair price for oil. If another tropical storm pops up this week, or there are more "protests" or some terrorist attacks on oil, the price will jump up again.

2) The big sellers wanted to prevent panic, see above.

3) The price could go up in small increments with every piece of bad news over the next couple of weeks, until the full amount of lost production is accounted for.

Richardmmm seems to think that this is triggering a big sell-off by the big holders and now they'll start producing that abiotic oil and drive the price back down to $20. If he's right, I'll actually be relieved. But does that sound reasonable?

Richard also seemed to make a huge deal that if we had all invested our life savings in shorting oil at 9 am, by noon we could have made a lot of money. True. In hindsight. Let's see what the price does in the next two weeks and see if he was really "right" or just got lucky in the very short term.

[falser]

My oil stocks are way up today, a lot more than they were Monday morning. Looks like the impact of this storm is starting to be realized.

[Ming]

$this->bbcode_second_pass_quote('', 'R')ichard also seemed to make a huge deal that if we had all invested our life savings in shorting oil at 9 am, by noon we could have made a lot of money. True. In hindsight. Let's see what the price does in the next two weeks and see if he was really "right" or just got lucky in the very short term.

[richardmmm]

$this->bbcode_second_pass_quote('Ming', '')$this->bbcode_second_pass_quote('', 'R')ichard also seemed to make a huge deal that if we had all invested our life savings in shorting oil at 9 am, by noon we could have made a lot of money. True. In hindsight. Let's see what the price does in the next two weeks and see if he was really "right" or just got lucky in the very short term.