Chitchat Bet that oil will fall?

http://www.cnbc.com/2016/11/17/behind-the-4-million-dollar-bet-on-oil-plunge.html

If you are not greedy, you can make good money trading oil stocks.

indeed oil price will dip, from technical and fundamental, all pointing southwards.

http://www.rmi.org/Winning the Oil Endgame

Guaranteed. But our fools called scholars will be fools.

That's one big bet...

what is the relationship between oil and gold?

I remember seeing this thread on another forum,a Asia one article from two years ago from singapore expert analysts saying Malaysia ringgit would be a good carry trade,they believe Malaysia economy is picking up and the m&ds are raising interest rates.at that time MYR to SGD was 2.57.

Fast forward 2 years MYR is at all time low of 3.12.

kkbutterfly said:

what is the relationship between oil and gold?

Click to expand...

oil and gold seems to move in tandem but with a time lag.

Day before yesterday with the Hang Them index futures:

Sell2@22152@932 IT'S A MISTAKE
S2@208@938 ANOTHER MISTAKE
S2@236@939, S2@249@939, S2@275@945, S2@282@950, S2@302@951 ALL MISTAKES
S2@330@956, S2@328@957, S2@313@959
I SMELL BLOOD AND IT'S NOT GOING TO BE MINE
Since I have not withdraw any equity since beginning of August, I have enough bullets for 40 contracts though normally I only trade about 12 or less
S2@335@1003, S2@352@1004, S2@339@1005
I FEEL GOOD
S2@302@1016, S2@317@1033, S2@317@1046
32 contracts oredi, okay save the remaining bullets just in case
HUAT ARH - Drop, drop, drop

B8@242@1104, B8@232@1113, B8@238@1122, B8@241@1124

PHEW - Profits = 51.5 points X 50 per point X 32 contracts = HKD 82,400 = MYR 47,000

The lesson to be drawn from this is - DON'T ASSUME YOU CAN DO THIS EVERYDAY

Mistake + inappropriate scaling = another mistake + Not panicking + Plenty of bullets + appropriate scaling at appropriate levels + LUCK = massive Profits

Do I deserve it - HELL NO!

Okay, okay, I move on to crude oil futures when the time is right

[video=youtube;I0AxrOUJ62E]https://www.youtube.com/watch?v=I0AxrOUJ62E[/video]

OPEC nations meeting over the weekend, as usual, talk dragon spit fire, all talk in the end, will be same status quo.