ahhhh... gotcha. makes much more sense now. plus
you have that magical ability to short at the exact top tick and
purchase at the exact bottom, like your $SQQQ buy at $17.45 today -
it's really quite impressive how consistently you can do that.
kudos to your system
Crude is a not as important an indicator as XLE is for the
direction of RIG IMO. Notice RIG got a new contract but not to
start until spring of 2024. Did cover part of short 8.12 in AH sell
last night. Probably will add to short this a.m.
Goodluck.
ahhhh... gotcha. makes much more
Going to stick with RIG short at 8.27 this a.m.
Posted by hoek2 on 31st of Aug 2023 at 02:12 pm
ahhhh... gotcha. makes much more sense now. plus you have that magical ability to short at the exact top tick and purchase at the exact bottom, like your $SQQQ buy at $17.45 today - it's really quite impressive how consistently you can do that. kudos to your system
I also look at XLE
Posted by rbreese on 31st of Aug 2023 at 02:39 pm
I also look at XLE as possible indicator of the direction for RIG too. XLE looks tired and toppy also.
what about crude?
Posted by hoek2 on 31st of Aug 2023 at 03:01 pm
what about crude?
I do not trade crude
Posted by rbreese on 31st of Aug 2023 at 03:06 pm
I do not trade crude but we have weak world economies and weak China demand so flat need for OIL. Any Biden wants us to stop drilling.
No, I meant do you
Posted by hoek2 on 31st of Aug 2023 at 06:02 pm
No, I meant do you use crude as an indicator for drillers or just $XLE - and if not, why not - you don't think its relative?
Crude is a not as
Posted by rbreese on 1st of Sep 2023 at 07:13 am
Crude is a not as important an indicator as XLE is for the direction of RIG IMO. Notice RIG got a new contract but not to start until spring of 2024. Did cover part of short 8.12 in AH sell last night. Probably will add to short this a.m. Goodluck.
Often time I am very
Posted by rbreese on 31st of Aug 2023 at 02:14 pm
Often time I am very lucky. Thanks