Now is the time to buy fuel futures

My point is my big money maker is the truck and that's what all of the focus is on. I'm not competing with swift or other megas and don't care for the gamble on futures with fuel. If you do that is cool I'm just not going to roll dice on that sort of thing.

 

I do understand them. Did them in the past. Removed all of the money from them.

 

Here we go again. giving clients what they want or ask for is a givin. example: when I call my guy Lou in Chicago & say open order to buy sugar at $6.37 stop loss at $5.80 & get me out at $7.00 would I expect him to say NO? just because he does what I ASK, DOES NOT make him a successful anything. furthermore..... just because a trucker does not understand trading, or maybe he does but chooses not to participate, means nothing,nothing! I deal in real estate & do better than in trucking, but I would not come on here & with my knowledge of my property investments, ask why are you truckers not investing like me & doing well. don't you see the potential in property. some folks have one niche, some have a lot of irons in the fire. that is America. Nothing at all with the 1st post or many asking why this or that to us truckers. but it is really kinda like.... I am a plumber & do well, why are you not a plumber. e.t.c. to each his own. it's what makes the world go round. some like opportunities & assume the risk/reward ratio, some like taking little or no risk & opt for security.


I am sure those of us who truck & trade, do not do a lot of others things that our fellow truckers do. I love learning is why I decided to learn about trading. I appreciate all the input here. I would love to sit in person with autocar & discuss, trading & everything related. but I guess thus forum is as close as I'll get. hope everyone has a great week.

 

Yea, we all got things we like to do and not do. I am in no way an expert at commodities trading, pretty much an amatuer, but we are keeping our heads above water. Called a few good ones and a few bombs.

 

Guntoter, have you ever actually hedged out your fuel exposure? if so i'd like to hear how

 

I'm sorry but this is simply not true. Most commodities such as oil, grains and so forth are physical delivery. Meaning every month when the contract is about to expire speculators have to sell out their long positions or risk delivery of the underlined commodity. The only way that prices for commodities can be artificially driven up for any significant period of time is through hoarding of such commodities, and speculators don't have the means of storing hundreds of thousands of barrels of oil, or bushels of corn. Thus most longs get closed out prior to expiration. Furthermore, if speculators truly did control the price of commodities, the price of commodities would drop sharply in the days leading up to expiration, as speculators would be trying to unload their positions. But that's just not the case.

 

fuel futures, lol. that's exactly what I need to do, introduce some more risk into my business plan !

 

Well put. My neighbors would be upset if I got caught holding an oil contract on the last day of trade, for that contract. Tanker trucks showing up with 42,000 gallons of crude would be getting unloaded in their swimming pools, until I could find a spot market buyer, or build my own refinery!

 

unless you have "connection" with boys storing oil offshore in tankers or at least couple of hundred K to play with in that cash account, profit you can make amounts to spare change.