Besides many losing trades, another reason not to use this blog for investment advice is that I don't update it as soon as I make a trade. I am happy to make many small losses in search of large gains. Admittedly, I haven't had a large gain yet...in fact, I need one just to get back to even. In the future, I am going to divide my trades so all my eggs aren't in one basket at one time. Starting next month. Sold SCO at 42.96, loss of 21%. By the way, can anyone explain the recent rise in oil from $102 to $106? Nothing changed in Libya or the Saudi peninsula, yet oil surged as if there was a massive increase in demand, or a massive decrease in supply, hence the title of this blog.
As you can see from my next trade, I have no confidence in Europe's ability to manage their solvency crises.
Bought STD Sep 17 '11 $10 Put Executed @ $0.7.
As you can see from my next trade, I have no confidence in Europe's ability to manage their solvency crises.
Bought STD Sep 17 '11 $10 Put Executed @ $0.7.
I'm going to write my first comment: perhaps investors would rather place their money in "things," like oil, rather than currencies that depreciate at rates greater than a 10 year treasury.
ReplyDelete