Showing posts with label oil crash. Show all posts
Showing posts with label oil crash. Show all posts

Sunday, March 8, 2020

"Anything thing can happen at any time" ... and today it did!

Coronavirus craziness abounds ... I was a bit shocked on Friday after oil sold off 9% but today after the market opened at 3pm PST, down another 31%:


Unfortunately I went LONG 1 oil futures contract around $45 and sold a call against it ... bad enough Friday afternoon, under water enough on this latest crash-y move that the brokerage closed it out when the price reached $33.19 ... latest is $28.70 (up from $28.15 a while ago) ..

Anyway, that's the end of my trading career for anybody else, and probably for myself as well ...

Future posts here will be on trying something else: an Amazon FBA business, selling various formulations of beeswax creams, some antiviral ... 



That's all for now ... I don't suppose anybody wants any trading advice from me, but at this point I'd suggest buying /CL futures if you can still get them below $30 by the time you read this ...