Just made another £304 on oil futures.

[Scary]

DP never loses, he reports here his profits only
hth

PS spoke too soon

Worked for Satyam, Enron etc.

[Andy2]

its all to do with USD . As long as USD keeps rising stocks,gold and oil will keep going down.

[AtW]

REPENT!!!

[marlon]

Who do you guys use for trading in futures?

[Money Money Money]

Who do you guys use for trading in futures?

Im using Powerpaddytrader, but I haven't really got a clue what i'm doing so....

[Money Money Money]

Not true.

I've said before, my total losses exceeds my gains, however, since sticking to oil futures, I've made some good money overall.

It was the early days with random large bets that lost me the bulk of my money.

Hope you got a big stop.....

Just bolted to 74.43... 73 and i''m in trouble....

[DimPrawn]

Hope you got a big stop.....

Just bolted to 74.43... 73 and i''m in trouble....

Balls of steel.

If oil keeps falling, think how cheap it will be at the petrol station.

[marlon]

Im using Powerpaddytrader, but I haven't really got a clue what i'm doing so....

lol, cheers - maybe that's the one for me then ;o)

[Money Money Money]

Balls of steel.

If oil keeps falling, think how cheap it will be at the petrol station.

How far you going to chase it for?

[AtW]

I get it.

Basically DimPrawn is acting as a hedge fund: he buys oil futures and if they go up then he'll make money that will be taken from his pocket at the petrol station, and if oil falls he'll save money on fuel he buys there.

The trick is to put only so much in futures so that your gains/losses would reflect actual fuel costs at the pump.

Innit?