by pup55 » Tue 08 Jul 2008, 14:30:44
$this->bbcode_second_pass_quote('', 'W')e're long August crude from apprx 14300 - raise stop to 13800.
Stopped on long August RBOB from apprx 34700 at apprx 34400. Sell August RBOB at 35500 - stop 36000.
Buy August heating oil at 39000 - stop 38700.
Buy August natural gas at 1270 - stop 1202.
Predictably, Phil the Bull has been beaten up today.
The crude oil trade above was stopped out for a $5 loss, $5K down the drain. The above RBOB trade was down three cents, -$1260
The heating oil trade above was also filled and stopped out summarily, for a loss of 3 cents, or $1260
Natural gas is off 52 cents today, so he is live on that trade, and it seems to have a little breathing room before he is stopped out just over $12
So, +3580, minus $5000 minus $1260 minus another $1260....
-$3940, Phil is back in negative territory.
He might be able to make some money on the RBOB reversal, but his stop is too high, and his trade probably did not get filled.