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March, 2021

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Does anyone know about investing in gasoline commodities?

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skeirman
Posts: 1383 - Karma: 3,987
Is it possible? How?
Mar 23 2020 1:30AM 1 0
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.FRY.
Posts: 5620 - Karma: 22,546
Step 1: make some money
Step 2: invest in gasoline commodities
Mar 23 2020 1:33AM 10 0
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skeirman
Posts: 1383 - Karma: 3,987
.FryStep 1: make some money
Step 2: invest in gasoline commodities


dude
Mar 23 2020 1:38AM 0 0
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OregonDead
Posts: 6048 - Karma: 14,255
step 1. buy gas

step 2. op has gas (:
Mar 23 2020 1:39AM 4 0
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mystery3
Posts: 2911 - Karma: 6,632
https://futures.tradingcharts.com/

https://www.nerdwallet.com/blog/investing/started-futures-trading/


Why though?
Mar 23 2020 1:50AM 0 0
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skeirman
Posts: 1383 - Karma: 3,987
mystery3https://futures.tradingcharts.com/

https://www.nerdwallet.com/blog/investing/started-futures-trading/


Why though?


because gasoline seems to swing between $1.75 a gallon (now) and $4.00 every year. There is a collapse in oil demand right now.

**This post was edited on Mar 23rd 2020 at 2:02:09am
Mar 23 2020 1:58AM 1 0
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TRVP_ANGEL
Posts: 9866 - Karma: 66,564
if you have to ask, you probably shouldnt be touching it.

do some research on futures and how hey work (similarly its effects like backwardation or contango). All futures contracts are leveraged so be aware of your margins. Learn about how the gas is made, since its a downstream business you have other factors like distribution and refining cost. Dont expect it to follow exact path as oil prices. What gasoline are you buying/selling? Theres rbob, cbob and ebob, the one youre thinking is probably rbob which is the conventional gas that everyone uses.


In general commodities are dictated heavily by global economy which is inherently unpredictable. Many have tried to make a living doing this but few succeed. Its an uphill battle. test it out first before going balls deep my friend

**This post was edited on Mar 23rd 2020 at 3:05:23am
Mar 23 2020 2:45AM 7 0
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mystery3
Posts: 2911 - Karma: 6,632
skeirmanbecause gasoline seems to swing between $1.75 a gallon (now) and $4.00 every year. There is a collapse in oil demand right now.

**This post was edited on Mar 23rd 2020 at 2:02:09am


But which way is it going right now?
I've thought about forex trading, but any leveraged trade can fuck you up pretty bad in a heartbeat.
Mar 23 2020 2:54AM 0 0
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Willgum
Posts: 3241 - Karma: 2,955
We've traded Brent Crude futures for a while back in 2018. I'm not sure what the retail investing landscape looks like but we used RJ'Obrien as our broker. You trade just as you would any other option honestly.

Oil right now is a sector we're not touching with a ten yard stick tbh. It doesn't mean there's not opportunity, but the volatility is just too much to wrangle any reliable alpha out of. For one, OPEC and Russia are variables that are almost impossible to predict. Take a look at oil prices from 1982 - 2002 and see if that's a field you want to play in.
Mar 23 2020 11:38AM 1 0
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Mr.LamasCosmos
Posts: 5869 - Karma: 8,679
Instead of wasting time researching just send it into what you’re feeling lucky in. Seriously, most people fail at stocks/day trading. People spend years trying to plot plan and predict what will happen, but at the end of the day it’s a system designed to grab yo cash!


so beat the system and buy stocks erratically, hoping the wave of luck is on your side. It’s pretty much gambling anyway.
Mar 23 2020 2:38PM 2 1
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CLQ
Posts: 2492 - Karma: 9,153
I would stay tf away from oil. Shit is already unpredicatble and now there is an oil trade war with Russia, Saudia Arabia, and the US. You can "invest" in these companies if you want but without the intervention of the US government, they would go bankrupt.
Mar 23 2020 2:59PM 0 0
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SofaKingSick
Posts: 6164 - Karma: 27,809
yeah, oil trade is like the last thing i would ever bet my money on predicting accurately
Mar 23 2020 3:21PM 0 0
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Mr.LamasCosmos
Posts: 5869 - Karma: 8,679
STNG and EURN
tanker gang 🚢
GO ALL IN on these badBOIZ
Thank me later.

just use Robinhood
May 7 2020 7:12AM 2 1
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skeirman
Posts: 1383 - Karma: 3,987
The referenced post has been removed.


I was talking about gasoline commodities.
May 7 2020 11:14AM 0 0
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skeirman
Posts: 1383 - Karma: 3,987
SofaKingSickyeah, oil trade is like the last thing i would ever bet my money on predicting accurately


Gasoline always goes way up and way down.
May 7 2020 11:15AM 0 0
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Notiann
Posts: 4 - Karma: 2
I would advise you to think about investing in Tesla stocks. This stock has a very big chance to reach at the end of the year the price of 3000$
Mar 18 2021 11:54AM 0 1
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skierman
Posts: 4536 - Karma: -2,379
hahahahahaha is this kid fucking serious?


GO FOR IT BRO! INVEST EVERYTHING YOU HAVE! SURE WINNERS BRO!
Mar 18 2021 3:31PM 2 1
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meatrocket8
Posts: 19 - Karma: 63
fill bathtub with gasoline
Mar 18 2021 4:04PM 0 0
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Notiann
Posts: 4 - Karma: 2
I would advise you to think about investing in CVS Health stock. This stock has a very big chance to reach at the end of the year the price of $1000. That told me my friends that are working in a stock analytic team. Imagine making x10 profit. Anyway, it's a stock with a big perspective. You can find more details about it on CVS investor relations. There you will find all the necessary detail that you need to know about this stock. The resources provided on this page will help you become a more informed investor.
Mar 23 2021 2:44PM 0 3
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