Henrique Simoes'  Instablog

As I told you a few days ago I was looking for a new opportunity to short the S&P Futures again. Well, here I am. I have shorted S&P Futures after the close of trading today at 907.75.

In my NYMEX Crude Oil Futures position I am off the money by over 1 dollar per contract. The problems in Nigeria and the rally in equities were to much for any short position to prosper.

I like to sell the S&P`s on strength and buy then on extreme weakness. Let`s see if the market sells off in the next few trading sessions.

I recall a Jim Cramer famous quote, "We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must."

Visit Oil Trader`s Blog, my personal website where I post my real time trades.

I just did a quick long scalp on the S&P Futures for 2 full points. I opened a small 5 contract position, even though it felt good. 

These fast trades, always appeal to me. I like to mix them with my other in depth deeply thought structural positions.

I will take a part of this profit and go out to dinner with my wife to a fancy restaurant. We both deserve it and I think we should always reward ourselves when the trading is going our way. 

Oil Trader`s Blog is a website for active online futures traders. I will provide my real time trading decisions and my market thoughts on this webpage.

 I have just shorted NYMEX July Crude Oil Futures again at 58.52 USD. I came later then usual to the office today and I am still catching up with the news, the market movers. It seems like the upmove move is related to some problems in Nigeria. These kind of problems normally just cause a small upmove in prices that is only temporary. 

I think its a good time to re-enter my short position.

Oil Trader`s Blog is a website for active online futures traders. I will provide my real time trading decisions and my market thoughts on this webpage.