Andy Abraham

Oil Rises Again: What Does it Mean?

More than agree.. Trend follow.. have no opinion.. strong money management & risk management.. Personally we do not risk more than 1% per trade of equity...under trade....have a plan..Mostly have the discipline to follow the plan..patience to see the plan through the eventual draw downs...and even lengths of draw downs...

These are the basic ideas.. All the best

Oil Rises Again: What Does it Mean?

Good Point Ferdinand... that is why I always stress having a plan.. it is very easy to miss the big winners... as well as I would like to reiterate..these guys made bets..and it worked.. T Boone Pickens made a bet and it cost dearly.. when one has a plan.. with thought entries and exits... with losses as well as profits... it opens a whole new world of possibilites... Trend followers made money going either direction... the idea of Trend followers are boring...they are not rock stars...but they have the potential to compound money over time...

Oil Rises Again: What Does it Mean?

How about the revival of inflation? The ABCs of printing money has been inflation... I find it very hard for that not to happen...


On Mar 23 07:33 AM The Mad Hedge Fund Trader wrote:

> Can't live with it, can't live without it. OPEC voted to keep quotas
> at their current reduced levels, spurring crude to top $51 last week,
> a two month high. At this point, helping revive near comatose importers
> with low prices is more important for members than squeezing out
> a few more dollars in revenues. The cartel has done a better job
> keeping cheaters in line than in the past, with Saudi Arabia doing
> the heavy lifting on production cuts. We are backing off a couple
> of bucks today because of a surprise 3.2 million barrel jump in gasoline
> inventories. But the enormous contango has started to shrink, suggesting
> that the $32 low we saw in December is looking safer by the day.
> Could crude’s revival be another early hint at a recovery in the
> broader global economy?