It's like they are just daring me to jump into SQQQ. Double dog daring me.
Decay be damned... that's been the buy and #hodl this year.South Platte said:
It's like they are just daring me to jump into SQQQ. Double dog daring me.
30K's signature says it all.CC09LawAg said:
I am thankful for this board and this thread because it's made me realize that the way my parents did it and the way you're told to just set it and forget it is just brainwashing...
Is it probably good for a lot of people? Sure. But it's also how they keep you locked in your 40 hr a week paycheck, slowly grinding away so that you can hope to retire and maintain some semblance of the standard of living you've grown accustomed to.
My light bulb went off when I realized the market is a dumpster fire and somebody, somewhere is still making a ton of money.
JKtopher06 said:
Maybe we can do the opposite of the crater into close move we've all grown to know and love.
Traded SQQQ all week following 30K's post about it on Monday or Tuesday. Best trading week in a long time. Rinse and repeat. Solid volume. Now to figure out next week's playsSouth Platte said:
It's like they are just daring me to jump into SQQQ. Double dog daring me.
BaylorSpineGuy said:
Oh, and my football team sucks this year. So many kicks in the groin.
wanderer said:
I'd consider you a permabear. How does a 3% down day not fit your script??
If you are actively day trading, look at an economic calendar every morning, so you are aware of important data releases. This one was Consumer Sentiment and Inflation expectations. The algo's fire off this data.CC09LawAg said:
Isn't it incredible how thirty minutes go by and down to the second there is a giant sell off?
Quote:
U.S. refineries are preparing themselves for the possibility that President Biden could impose a ban on fuel exports after the White House dangled the threat of the ban in front of refiners. No action has been taken to date, but with the mid-terms coming up and fuel prices continuing to rise, this could soon change.
Earlier this month, the White House requested that the U.S. Department of Energy (DoE) assess the potential impact of banning fuel exports including gasoline, diesel, and other refined petroleum products. The move suggested that President Biden may be preparing for a ban. This comes ahead of the mid-term elections, at a time when Biden is concerned about fuel prices rising even higher, and as the U.S. public battles with growing inflation levels and general economic uncertainty.
In August, the U.S. Secretary of Energy, Jennifer Granholm, addressed a letter to U.S. refining companies pleading with them to increase their domestic inventories of gasoline and diesel and to shift focus away from exports. In her letter, she pointed to the potential for "emergency measures" to be taken if they could not achieve this goal. In October, she suggested that restrictions on energy exports were a possibility, and although they were not being considered "at this time," that may change if deemed necessary.
Refineries across the country are uncertain about whether Biden will call for a ban on fuel exports in a bid to manage high gasoline and diesel prices. Due to the ongoing insecurity, U.S. refineries are now putting contingency plans in place to be prepared for any sudden decision from the White House.
Check your emailBREwmaster said:
broke even, almost exactly. If I'd just traded this morning, I'd have a nice green week. Over traded the rest of the day. I think I'm going to adopt your rule of mostly avoiding 10:00 to 2:00. especially where we are at now too - we could just chop all next week as we consolidate.
Okay. To my knowledge, it is unlawful, against the law, whatever you want to call it, for the President to stop/halt/ban the export of refined petroleum products (with exception to wartime). The President can stop the exportation of crude at any time. If this President stops/halts/bans refined products, I believe this gets ramped to the U.S. Supreme Court pronto. I would think this is unreasonable restraint of trade where the Clayton Act, Sherman Anti-Trust Act or Federal Trade Commission Act would come into play for refined product manufacturers. I'm not aware of "emergency measures"(<- as noted in article) that would over-ride those Act's mentioned above. This is insanity. If the libs do this to U.S. refiners, I hope the refiners shut off LNG and call Force Majeure on forward contracts and let all of Europe freeze. Then shut down the California refineries with a bogus maintenance problem. I'm a little guy that could not make a ripple, but I am truly stunned by what I read above. My logical side says relax, after November 8th the libs will not care about the price of crude, gas or diesel. (I'm stewing,....if it's so bad, those SPR Releases should have been stopped months ago. Frankly, it is bad, those S&D's have been screaming for months. However, we have a POTUS and an Administration that is not good, or smart.)ProgN said:
Ah, Farmer, what's your take on this potential situation? I'm not as familiar with O&G as you and others in here.
https://finance.yahoo.com/news/u-refiners-preparing-potential-fuel-200000439.htmlQuote:
U.S. refineries are preparing themselves for the possibility that President Biden could impose a ban on fuel exports after the White House dangled the threat of the ban in front of refiners. No action has been taken to date, but with the mid-terms coming up and fuel prices continuing to rise, this could soon change.
Earlier this month, the White House requested that the U.S. Department of Energy (DoE) assess the potential impact of banning fuel exports including gasoline, diesel, and other refined petroleum products. The move suggested that President Biden may be preparing for a ban. This comes ahead of the mid-term elections, at a time when Biden is concerned about fuel prices rising even higher, and as the U.S. public battles with growing inflation levels and general economic uncertainty.
In August, the U.S. Secretary of Energy, Jennifer Granholm, addressed a letter to U.S. refining companies pleading with them to increase their domestic inventories of gasoline and diesel and to shift focus away from exports. In her letter, she pointed to the potential for "emergency measures" to be taken if they could not achieve this goal. In October, she suggested that restrictions on energy exports were a possibility, and although they were not being considered "at this time," that may change if deemed necessary.
Refineries across the country are uncertain about whether Biden will call for a ban on fuel exports in a bid to manage high gasoline and diesel prices. Due to the ongoing insecurity, U.S. refineries are now putting contingency plans in place to be prepared for any sudden decision from the White House.