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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
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asad
London, UK
Posted Anonymously
15 years ago
Sep 13, 2009 1:13
Ashraf,

As always, my thinking correlates (positively) w/ yours! I am on Twitter...but I wouldn't want the SEC to follow me, right? :) I really don't know what Mr. 82K was thinking when he did that. From where I come, it is better to play discreetly and stay humble (although I went a bit overboard yesterday...more out of frustration over the way the markets had been trading (irrationally!) for the past few days - verily, a C'MONNN moment).

Breaking the "WTI Bank" wasn't as exciting as staying liquid longer than the markets stayed irrational!

And thanks SO much for your complements and encouragement. I take them to my heart...and having received (the ultimate) accolades from Ashraf Laidi himself tempts me to retire from trading while I'm still on a high. :p

Hey, you yourself must've made decent money on DUG, I was thinking...
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 12, 2009 18:21
Asad, some guy on twitter posted an image of his trading account and how he made $82,000 in a single day on a particular stock. Not sure how much you made, but if you are on twitter, you could consider doint this the next time you "break the WTI Bank". I personally would not do such a thing, but if you're sure about your trades and want people to follow your thinking, then that could work.

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 12, 2009 14:02
Asad congrats, Fri was a great day for shorts in WTI...I went in short when around 72.6...unfortunaltely didnt expect it to crash as it did so couldnt maximise the swing...ah well back to the game on Monday morning!!
asad
London, UK
Posted Anonymously
15 years ago
Sep 12, 2009 0:48
Forum,

NOT being cocky...but I'll just allow my emotion to take over for a bit! I...made...457%...on my last trade!! EEEEEEEEEEEEEEE!! :D

I got a delta of 3.17...and during the last $1.50 on way down (when I had pocketed sufficiently), I put EVERYTHING in the a/c on the short side - SHIT OR BUST!! But it wasn't easy. I snapped quite a bit. DID you guys notice the gapping taking place like a drunken monkey swinging trees!!

But I'm humble enough to realise that such trades require timing, luck and well...luck! I do NOT expect to repeat this again (unless, ofcourse, I become big enough to manipulate).

I expect Monday to touch above 70...and then my beloved target of 66.80. Whether or not I'll play (or I even need to play), don't know...
smiler
Ireland
Posts: 15
15 years ago
Sep 11, 2009 22:13
Asad, i'm delighted for you, really delighted. You've been unambiguous about your thoughts re the fall in Oil and today is your day in the sun. Enjoy it! Here's hoping it will continue on the downward path. Smiler
said
mulhouse, France
Posts: 2822
15 years ago
Sep 11, 2009 20:03
i would have been busted
said
mulhouse, France
Posts: 2822
15 years ago
Sep 11, 2009 20:03
asad
good trade
asad
London, UK
Posted Anonymously
15 years ago
Sep 11, 2009 18:38
Boys & Girrrrrrrrrrrrls.,

What a bet...WHAT A BET!! Trust your commen sense - that's what I write last night! :D I'm our completely...at 69.43 - a WHOLE delta of $3 short... ;)

I do not care if it goes up or down! I've made the killing! Friday...Friday...Friday...profit-taking; 9/11; NO fundamentals to oil staying above 70!

Never underestimate the power of common sense. Said (Saeed)... :)
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 11, 2009 16:53
The Oil rollercoaster now plunges...whats next...another big run up!!!! then another dip
speculator
Posted Anonymously
15 years ago
Sep 11, 2009 15:34
im waiting for a pullback of around 10% this year in ftse and S&P and buying for 1/2 years as we are in a multi-year bull. Equities will outperform cash and property for next couple of years. oil will also be a fantastic buy and hold at 60 level.
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