@ozzie75, where is the Simon's chart?

Everyone had a bloody nose today, so why worried? ;)

@Sang-Jero, my average not ok. Will do nothing for now. will wait to re-enter. thanks

Good Nite

@Ring, yup. the Arab seems to be holding US's marbles.

@Sang-Jero, I was betting that the oil price will move up once it touched the 80 area.
If tomorrow up, will sell what I bought today, if not, just hold. Will see tomorrow whether I am banging the wall. ;)

As of 10:06pm
Brent Oil 85.77 +0.35 +0.42%
Crude Oil 82.24 +0.40 +0.49%

As of now,
Brent Oil 85.74 +0.33 +0.39%
Crude Oil 82.22 +0.38 +0.46%

I am still standing tall, man enough to said, "Am I worried? Nah" ;)
Good luck to you.

Hopefully, some day, you will assist other newbies to overcome their nerve.

Don't worry be happy. ;)

I am done for today. Damned every counters when to Red District in Holland. Some Coke will high the counter tomorrow.

@cassyee, calculate first before you make any smart or stupid decision. this advice is good for me, not you. ;)

mbatrader ," the objective is to ave down the price without dumping more cash in.... right nomanland & elle?"

Depends. When average down, you get back some of you investment back. It is all depend of how greedy a person is.

For me, I am a damned greedy and burned. So, please ignore my advise and I am dangerous. ;)

mbatrader, use the Excel, set the formula, play with it. enter the assumption and you will see the result.

Just an opinion from an idiot. ;)

Cassyee,
Average, B/S, Lots, Units, UnitPrice, Amount
0.5000 Buy 100 10,000 0.500 -5,000.00
0.7000 Sell -80 -8,000 0.450 3,600.00

mbatrader, what elle said is you have to decide. Heavy calculation before Sell or Buy. Sometimes Sell then sh!t it goes up. Sometimes Buy, it goes down. ha! this is life.

the above just a random buy and sell.

mbatrader, use Excel, and tell me about the average
0.5000 Buy 100 10,000 0.500 -5,000.00
0.7000 Sell -80 -8,000 0.450 3,600.00
0.4680 Buy 80 8,000 0.410 -3,280.00
0.5560 Sell -50 -5,000 0.380 1,900.00
0.4417 Buy 70 7,000 0.360 -2,520.00
0.3546 Buy 140 14,000 0.280 -3,920.00
0.4708 Sell -140 -14,000 0.255 3,570.00
0.3412 Buy 140 14,000 0.230 -3,220.00
0.4358 Sell -140 -14,000 0.260 3,640.00
0.4690 Sell -20 -2,000 0.270 540.00
balance 100 0.4690 4,690.00

Don't Follow Me, I don't sell shampoo.

Cassyee, 1. mean your cash got stuck if it goes down and visit Holland.

Cassyee, it all depends.
1. "...if got money also can bot at lower price right? " additional lots/share MAY hold your cash if it go down again.

2. "This is for don't have money but wish to average price down right?" YES

If my grandfather is genting boss, I continue buy until I sell the company.

I wish.

Cassyee, don't forget to include commission, and other fees in the calculation

Cassyee.
0.5000 Buy 10,000 0.500 =-5,000.00
0.7000 Sell -8,000 0.450 = 3,600.00
0.4680 Buy 8,000 0.410 =-3,280.00
The new average is 0.4680

cassyee. learn this
buy 0.50 x 100
sell 0.45 x 80
buy 0.41 x 80
what is the new average?

cassyee, use the Excel, do some calculation and you will see the pattern.
Just test these.
1. Bought high
2. sell some at lower price
3. wait
4. buy at lower price
5. if market drop again
6. sell
7. buy again at lower price
8. if market go up, sell some or what ever

you can figure out the result. Play with the number, buy, sell and assumption. Play on your Excel first.

Ignore my point please.

simon84, when a share counter that when to Holland, landed on the Red district, and enjoy some ganja, it is a 100% sure go high. ;)

@cassyee, learn to do average. When buy high, sell some low(stop loss), wait, buy even lower. Just another method to recover losses.

Don't trust me, I am born stupid. ;)

Today oil price look like the OPEC is telling US's shale oil producer, "Panic! You want it lower?"

@Sang-Jero, today really break all the support line 335/330/320. Yesterday, sold some, today buy some.

when someone good luck to us, we should said, "Thank you and same to you." ;)

simon84, same here, collect at the very last minutes. buy low, later sell some at high to lower my low average and increase the lots size.

greeting, Ozzie75. Don't worry, be happy. ;) Like SJ always said, "Tunggu"

xxxx, don't worry. As long you know yourself, good enough. Ignore what people said. Enjoy life while it last.

Market up or down, users of IFCAMSC's software still need to buy/upgrade it for GST and pay maintenance fees. Again, why worried?

IFCAMSC has nothing to do with oil. Why worried?

xxxx, everyone here are sifu, pretender, beginner, expert, idiot, stupid, and etc. The real one, never hang around here. I am all the above. ;)

Holy Smoke! ;)

Sang-Jero, I understand. Just sharing and getting information.

DreamConqueror, just thinking of "No, No, No" I need to detox Sumatec. Just too addictive to pass message. ;)

DreamConqueror, today, cleaning stocks. Nothing to do, therefore chat and buy cheap stock. ;)

It's the Economy, Stupid: Why the Stock Market Is Nothing to Worry About

http://www.businessweek.com/articles/2014-10-14/dont-worry-about-the-stock-market-dot-the-economy-is-just-fine

Sang-Jero, I can't wait. I cut some off and buy later when WOW happen. Trade other counters for the meantime. Hopefully new trades won't get stuck! Ha! Ha!

Hopefully the TP WOW is not to high. If not, I have to kick myself. ;)

@Sang-Jero, hard to tell about the shark. They might hold out after selling. Possible wait for a better price before moving in.

(Reuters) - OPEC is unlikely to call an emergency meeting as proposed by Venezuela, two OPEC sources said on Tuesday, a sign the exporter group is in no rush to discuss a collective response to the sharp drop in oil prices.

http://www.reuters.com/article/2014/10/14/us-opec-oil-meeting-idUSKCN0I316B20141014

L2, thanks for the link.

@Sang-Jero, read the above article

http://www.ft.com/intl/cms/s/0/9cc592a4-537d-11e4-8285-00144feab7de.html

Falling oil price raises doubts about viability of US shale
...
Bob McNally, a former White House official and now head of Rapidan Group, a Washington-based consultancy, argues that rather than reining in production to support oil prices at about $100 per barrel, Saudi Arabia can easily afford to let them drop to at least $80.

A rough calculation indicates Saudi Arabia would only forgo a fraction – between $10bn and $20bn – of its nearly $750bn in foreign exchange reserves were it to let oil prices fall to $80 per barrel, he says.

“When it’s needed the Saudis are not going to be the ones that cut production,” adds Mr McNally.

http://www.ft.com/intl/cms/s/0/9cc592a4-537d-11e4-8285-00144feab7de.html

@Sang-Jero,
1. who is Lucas???
2. .".same analogy when the price was 025-027" Date range?

@Sang-Jero, who is Lucas???

@Sang-Jero, today price broke my support line 345 and 340 while I was watching Crude oil price 85.6 down to 84.85. I was hoping the oil price goes up above 86, but it didn't.

Just my activity and observation.

Assuming oil price is going to test the 80 and 75 range, those who hold at higher price, like me, might want to sell some and collect at the cheaper later to recover those losses.

You might want to monitor the oil price movement and compare the oil chart with Sumatec chart.
There are certain similarity there.

Do some math first before you decide what to do.

The above opinion is for me to use. If you read it and do it, you are on your own. If you loss, blame AI.

@Sang-Jero, I have been monitoring the crude oil and reading lots of news lately. It is possible the market will be testing the price at 80 and 75. I sold some to prevent further losses, and will be collecting back later to reduce my average price again.

Oh! well, another day, another life.

The statement is my own idiotic action and I like losses, please do not Follow Me. I don't sell shampoo. ;)