It Was a Long Break, $100 Oil Caused by One Trader
January 3rd, 2008I 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.
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solf | News 4U Said,
January 14, 2008 @ 8:35 am
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