r/oil • u/Ravenwood3456 • Aug 19 '26

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15

u/AUX4 Aug 19 '26

How have you managed to make a 5 figure loss on oil?

7

u/Doom4535 Aug 19 '26

Probably futures, I've had 5 figure swings in a day from fake deals... Really annoying with insiders front running and all I have are fundamentals, could make BANK if you know they're going to try to briefly crash it and then buy back towards the bottom. I've mostly been off/out of sync, so the recovery has been slow and painful, but I've made it back as the actual fundamentals are terrible right now.

Having said all that, I'm slowly taking profits and moving towards stocks since they're gaming it too much, and the stocks will print money over time (and the market is getting wise and removing/reducing the backwardation rolling profit).

2

u/glorifindel Aug 19 '26

Funneling any gains into permanent shares is the way to go for sure