Phyrex
Phyrex|Jul 29, 2026 17:43
Need to reflect a bit on the shorting oil strategy—clearly, my hands weren’t as quick as my brain. Oil prices rebounded quite a bit today, mainly due to the issue of Iran attacking U.S. military bases in the Middle East early this morning. Actually, when I checked in the morning, both my WTI and Brent positions were in profit—WTI had about 20% profit, and Brent was over 50%. For a moment, I did consider whether I should take profit first and wait for a better time to reopen positions. But honestly, it was because of 'laziness.' I felt that, in the bigger picture, a drop in oil prices was inevitable. Plus, since March, there have been too many probing attacks between Iran and the U.S. If the U.S. announced it wasn’t attacked and Iran claimed it wasn’t their attack, then this matter would blow over. But in reality, Iran very boldly announced their attack, even though it was intercepted. So now the market is wavering again on the possibility of U.S.-Iran peace talks, which has led to another rise in oil prices. If I had closed my positions in the morning, I could’ve reopened them now. Lesson learned—can’t afford to be lazy. Also, even when I was in profit, my margin still required both oils to hit above $120. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets—all-in-one trading platform.
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