It Was a Long Break, $100 Oil Caused by One Trader

January 3rd, 2008

I took two trades today after a long and refreshing break from the trading desk.  I took two trades today: SOLF and CVS.  Neither worked out and I ended the day with -0.7R.  Here’s an interesting article about yesterday’s oil trading:

The man behind the record rise in oil prices to $100 a barrel was a lone trader, seeking bragging rights and a minute of fame, market watchers say.

A single trader bid up the price by buying a modest lot and then sold it immediately at a loss, they claim.

The New York Mercantile Exchange said that US crude oil futures traded just once in triple figures on Wednesday.

That’s cool.

Anyway, here are the trades I made today.



1 Comment

  1. solf | News 4U Said,

    January 14, 2008 @ 8:35 am

    […] It Was a Long Break, 100 Oil Caused by One Trader […]

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