“Well, if it’s oil or crypto, I can’t say I blame you!”
Oil shows a little pulse today, but crypto is basically dead meat … quite frankly,
even though it’s during the 2 week end of year Holiday period, I’m disappointed
in PRIMEXBT’s oil CFD, as it is not showing the kind of consistency I want in a
CFD … too much bullshit with their LP’s, and at various times they blow the
spread out for no reason whatsoever … if this stuff had $3 - $4 ranges every day,
yea I could understand, but with the 20 Day Range MA at $1, and nothing really
going on, how can you justify paying anything more than 3 cents a barrel for
total cost? It simply makes ZERO sense … we’ll see what the New Year brings
before I climb all over ‘em and raise hell.
In crypto, you do realize it costs 10X more to trade BTC, on a round turn
commission, than it does GBPUSD? … what do you get for this? … well lately,
you get NADA cuz it’s not moving, and until it does, you have to stay away from
the space … just no other alternative, cuz every place else that trades BTC or
other crypto, the spreads are past ridiculous, the commission structure is
insane, and the margins are extremely high [5X tops] … so until BTC starts to
move, and its range gets higher, there’s no good reason to trade it cuz you’re
throwing money away for nothing … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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