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re: I'll admit I'm totally clueless when it comes to oil trading...
Posted on 4/20/20 at 3:06 pm to coachcrisp
Posted on 4/20/20 at 3:06 pm to coachcrisp
Yea he did. That was a great comment
1
Posted on 4/20/20 at 3:06 pm to Nado Jenkins83
Now it makes sense. Good explanation.
Posted on 4/20/20 at 3:09 pm to Govt Tide
quote:
In other words, is now a good time to buy oil futures buying super low and holding on to the investment until the market inevitably rebounds and then selling at that time?
Short answer is no, because you would be buying June at $22, a $50 premium to the spot contract expiring tomorrow. That is why everyone is going to be looking at JJ oil prices over the next few days
Posted on 4/20/20 at 3:10 pm to ClampClampington
Bingo. The time to buy for may has passed. And it was never going to turn a profit
Posted on 4/20/20 at 3:11 pm to Nado Jenkins83
quote:Been there; done that. Those boys (hedge fund guys) play chess while folks like us are playing checkers. Your chances are better if you just get butt-arse naked and jump into a shark tank.
Yea he did. That was a great comment
Posted on 4/20/20 at 3:12 pm to LSURussian
quote:
Speculating on any commodity futures contract is very easy.
If you want to get to a million dollars doing that, the first thing you should to do is start with two million dollars...
Posted on 4/20/20 at 3:15 pm to ClampClampington
You could take a spec position for later this fall and buy Sep for $30, but the market is still putting a carry into each successive futures month, so you are taking the risk of prices having to rebound and rise above the carry to recognize any gain
Posted on 4/20/20 at 3:21 pm to ClampClampington
no way is it worth the risk with flu season around the corner
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