I reckon oil prices are overpriced at the moment, and could start declining sharply within these few weeks. You'd obviously get rallies on certain days, but i think someone or a bunch of people will start to realise it's overvaluation and start shorting heavily, busting out investor's positions. Much like Gold when it hit $1000.
And spanish, you find this site boring and its people as the same, you are welcomed not to visit here again, but the fact that you do shows that you do find something useful here, and it's an endless amount of information for any trader.
You are branded dumb and dangerous simply because of your trading techniques which many of us here do not follow. It's nothing better than a blackjack player with chips of £1000, doubling up when your previous trade goes wrong.
You can't justify your "How did I earn so much with my dumb trading? Explain that huh!", as you simply get fortunate.
I can guarantee you that in the long run, you will bust out, and that would be a wake up call.
Ok, having said all that! Phew, now the friendly part!
We've all been through the same route to be perfectly honest, gamble gamble and more gambling. It's easy to feed on information given by others, like asking what will happen over the weekend, however, to grow and mature as a trader, it's learning from these setbacks that makes you more determined.
Try to gather information from different sources, and make a decision for yourself. There's no use if a GS analyst says Oil is set to break $200 by the end of 2009. No use reading just the FT, and placing a trade from that one source. Widen your horizons, you need to decide for yourself!
Nice with the part time as a Police officer! Make sure to keep those thugs away!
