Crude Oil Prices: The Next Round
CRUDE OIL PRICES:
THE NEXT ROUND OF PRICE DECREASES TO WATCH FOR . . .
Back on our October 27th post, we predicted a drop ahead for Crude Oil Prices.
Prices at that time were $46.86.
Today they reached down to $40.73.
On the short-side, this was a prediction worth a potential profit of $6,000 per futures contract in just a little over 2-weeks time!
Options would have yielded an even greater ROI profit for a smaller investment.
All this further confirming an observable and repeatable truth about trading and the markets: mainly, that a few well-placed trades at strategic price points are enough to provide an excellent income with much less stress than intra-day trading.
Of course the same techniques will work at the short-time frames as well, but, because of the shortened time periods, many more trades and greater volatility within those short time periods make trading a much more intense process. There are several students of the Master Course materials as well as the Excalibur and Stairway Trading Methods that are successful at intra-day trading as this is their comfort zone.
It could be an age thing on my part.
Youth does bring with it daring, impatience and the necessary willingness to take a risk. Youth has lots of time ahead of it and mistakes can be remedied and new attempts made based on the experiences gained.
As one gets older however, there’s a greater willingness to be patient in exchange for lessened risk and greater opportunity for investment success over a longer time period. In short, one becomes willing to take fewer trades stretched over weeks or months in exchange for a much higher potential to win on an investment.
Both approaches can work but, the temperaments behind them are radically different. Know which type of trader or investor you are and work with Time accordingly. – George