Bought WTI thinking it was oil futures. Turns out I was buying W&T Offshore Inc, which is an independent oil and LNG company. I also bought at the peak. Here's your sign

    https://www.reddit.com/gallery/1rpy1m4

    Posted by anotherloserhere

    16 Comments

    1. Salsalito_Turkey on

      You spent 30 grand without even verifying that you had the correct ticker symbol? God damn, dude. I won’t even send an email without proofreading it 4 times.

    2. Every_Recover_1766 on

      Not the end of the world. Oil market is going to go crazy here if the strait stays closed

    3. No_Feeling920 on

      If you can’t be bothered to check your buy order (as to what you’re actually buying), don’t even think of messing with futures.

      At least you bought a correlated asset. You could have held, if you were bullish on crude anyway.

    4. LongLiveAnalogue on

      This administration is like the Bert & Ernie version of Penn & Teller with all the rug pulls

    5. Ill never bet calls on oil under this admin.  If Brent gets to 110-120 a barrel while the market is open Ill buy puts.

    6. Strait of Hormuz still closed, so not much has actually changed.

      “The market” thinks that Trump will deescalate, maybe try to protect shipping through the Strait – although that seems impossible.

      Wait and see…

    7. Inner-Cobbler-2432 on

      Stuff like this is how legends are made. Intending to buy 50k worth of msci world but accidently fullporting into a penny stock dildo company that gets a suprise deal of their lifetime one day later and just like that, millionaire!

    Leave A Reply
    Share via