Phyrex|Aug 31, 2026 12:57
I used to say shorting oil was a good idea because the ceiling was so low, and some friends debated with me about it. Now, I guess there's no debate, right? Over the past week, I actually had multiple chances to close my positions with profits—over 10% if you count the weekend. But I was so busy I forgot to check. Plus, for me, shorting oil feels like a high-certainty move, so I got a bit lazy.
Honestly, when I saw the news yesterday about Iran attacking a U.S.-protected tanker, I thought about closing my positions. But by the time I remembered, I was already at a loss, so I just let it ride. Then this morning, it turned into another rollercoaster. I've been on four or five rollercoasters like this recently—it’s really not a good thing. If funding rates hadn’t dropped recently, it would’ve been painful.
Previously, I had set my additional positions at $89 for WTI and $95 for Brent. It’s been so long since I checked that I’m feeling a bit rusty. Time to adjust: I’ll set WTI at $87 for adding positions and Brent at $92.5. If this time it goes back underwater and the profits can exceed the funding rate, I might just exit for now. Feels like the U.S. and Iran still have more drama to come.
Too many rollercoasters—I'm exhausted. Seriously, I need to stop opening positions when I’m out and about. I can’t keep up with everything. Especially since I don’t bring my trading phone when I go out, so I can’t do anything even if I want to. I can only trade when I’m back home.
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