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Wednesday, June 6, 2018

WTF, OY, & ALL THE OTHER ADJECTIVES

“Yes Skippy, Brent crude oil moves & leaves no prisoners.”

Short post today, as I haven’t had time to write anything … am concentrating 
on Brent, which is more volatile than WTI … good grief does this stuff move 
and move fast. 

A handful of trades today … PAMM down slightly more than a couple of bucks 
north of 1%, as the algorithm had some “strong” buy signals that got taken out 
and shot … still, could have been much worse. Remember, volumes have 
increased substantially in crude oil, so you can’t really compare trades done 
prior to the start of the PAMM trading oil. So, slightly down but nothing earth 
shattering when your trading volumes are in the fastest shit on the planet … as 
I said in an earlier blog, losses will be higher and gains will be substantially 
higher … it comes with the oil territory.

Outside of the massive miss in crude inventories, reported @ 10:30 A.M. EST 
this morning which saw price plummet, it’s been straight up off the bottom all 
day in Brent, with some wicked action. Spreads have been good, can’t complain 
… today just sees some very choppy action where both longs & shorts take 
turns getting hurt. I’m outta here … until tomorrow mi amigos 
… Onward & Upward!!

I haven’t had time to catalogue the PAMM trades into the spreadsheet; look for 
them tomorrow cuz tonight I have some personal biz I have to take care of 
before tomorrow’s trading starts … it will all be caught up tomorrow.

Have a great day everybody!

-vegas

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