Free Oil | Planet Finance (2/6)

[@atrax27OT]

I just got to say, as an American, this is by and far the greatest and best series I have ever seen relating to finance. Thank you very much for making it public, I've learned more watching this single episode then I have in 30 years being a taxpayer

[@lukespector5550]

She's still a Limey Broad though.

[@Omz-d4b]

This info is ancient. They have allegedly changed the gameplay with Quantum AI a decade’s worth

[@MeetJarred]

STRAIGHT UP FIRE SERIES!! VPRO seriously does some of the best work around! Been a fan since "Quants of Wallstreet" over 10years ago!

[@Tempestelterna]

I love this series! As a trader, this is amazing for me :)

[@dawoodwaris]

One of the best time of my career was when oil price went negative, I was buying oil stocks non stop for two days continuous for the clients. Now they are earning 20% dividend by doing nothing.

[@malcolmskinner3117]

@dawoodwaris Would mind sharing a few oil stocks that did very well?

[@dawoodwaris]

@@malcolmskinner3117 Occidental Petro, ExxonMobil, Shell, BP and ONGC.

[@ankushdhawale4628]

How to start in oil stocks market trading and investing??

[@musicjuly3415]

Well done, but you could have lost everything doing that quite as easily if there wasn't the massive interventions (never in history extent) that subsequently happened.

[@_monoman]

Imagine the amount of money made by those who planned the C0vid "epidemic" ... not only trough oil business but through the pharmaceutical industry as well, and etc. etc. 47:45 - there you go..

[@Ambosa]

As a novice forex trader from Africa, Kenya, Planet Finance is really moulding me to understand the risk am taking as a young investor.

[@Coachzeph]

Alaa karibu uku bro

[@njogukamunge952]

W for being here to learn kaka.

[@seunogunsola1367]

Yeah same here. No matter how sure I am about placing a trade, it's important I have my risk management in place using Stop loss

[@kisembomoses3763]

😂😂😂wtf

[@Diego-tm3dj]

Search about "technical analysis for dummies", it is a good book to learn the basic. Good luck.

[@surajrshetty]

Future and options market are double edged sword. Main argument for it is that it helps to reduce risk for a particular class of person. Truth is that the risk never disappears, instead, it gets transferred to another person who usually are speculators. That’s why futures and options cause so much turmoil and confusion around the price. Anyways, thank you for this neutral but insightful documentary.

[@fernandocortes1187]

12:50 images as data 15:30 EIA 16:06 La clave 17:17 Oil free 2020 20:15 985 tankers waiting at sea during Covid 48:40 Carbon tax

[@h.m.sanchez4934]

I have to agree that this is a well-done film documentary regarding finance.

[@otayga]

Best Series ever produced hands down...Great work VPRO. I really hope, there are awards given for this Genre

[@MrDeRyckere]

Having experienced being stuck on a ship at sea, it is truly imprisonment. While your family members die at home, and those you know leave you behind, you'll be stuck onboard. There is no medical, no HR, no breaks. Working 48 hours straight is common, 100 hour weeks are minimum working hours. extremely dangerous and very hard on your health. It is signing up to be locked away every time you sign onboard. Please remember the mariners who bring you everything from overseas. They are literately giving away part of their lives to bring you, your comforts. Most people don't even know about this line of work. Remember the mariners. 142.

[@editorjohn8803]

If you made half a million on the stock market, take $400k and put it in a high interest account and build again using $100k. If you think you can make money on the stock market again, this is the only sensible thing to do. Many cannot make this decision because they want to make much more, much faster

[@enod9746]

This is the best documentary I have watched since COVID. Great job! Never thought I would also get to hear a Christian prayer even allowed to be shown with so much cancellation of such stuff on Western media.

[@6misery]

Dude it’s because they’re not forcing it upon their viewers, you nut headed zealots always have to point it out just like homosexuals stating their sexuality and making it their whole personality when nobody asked.

[@jetterjetson]

@03:26 "Drugs! Plastics! I mean, think what your life would be like without Drugs! Or Plastics! Lightbulbs. Glass!" 😅

[@smhaque31]

Thank you for your endeavour to make this amazing documentary series 🎉🎉🎉

[@lukespector5550]

What's new & "amazing" about someone making a series designed to frighten drama queens? Ever heard the story of Chicken Little?

[@benmike8296]

Thanks for making the series. It's truly fantastic!

[@NelsonAntoineTrader]

The best video about the Crude oil market that i saw in YT. Congrats.

[@Philipwilder88]

As a member of the Planet Finance, i would say by far the most tangible series i have ever observed. Very realistic, thanks

[@petermccavington8232]

Ur not a member. I'm a member.

[@andrewmorris2820]

This is fabulous. Much enjoyed. Thank you.

[@colbywarshel]

that part at the end where you said the $600 million dudes made money from a chat is hilarious. you made it seem like you can pump and dump oil 😂

[@ivantsanov3650]

Exactly, those guys profited from what happened that day (they may have 'helped' a little bit) , but at that point it was already a 'f***ed up' market.

[@6misery]

Can you clarify what you mean mate

[@alystero8838]

​@@6misery he's talking about lads from Essex who made $600million from selling future contracts that took oil negative.

[@juliansmithcom]

Great Series. Fantastic content and insights into that world from concept and perspective that is very engaging and educational.

[@edmund6392]

Very well done! A must watch.

[@FirstTravelService]

A brilliant episode; a brilliant series.

[@efrainromero3959]

Omg what an amazing production. Love this series❤❤❤❤❤❤❤❤

[@phatster88]

OIl is gonna be with us for at least the next 100 years, contrary to what the green people are telling you.

[@TheNemocharlie]

So says you. How? It's not the "green people" who determine how much oil there is.

[@TheNemocharlie]

​@@adida.sativa-dv2elReally? Are you being serious? The planet has an infinite supply of oil? When did that happen? What qualifications do you have to say that? Or is just your (worthless) opinion?

[@phatster88]

@@TheNemocharlie ask the green people

[@SidThaKid]

dude's been speaking to aliens

[@lukespector5550]

Yeah well, all the grey alien abduction loonies say the flying saucers emit a sulphurous smell & make some noise. I guess they run on some kind of distillate.

[@mradjamesable]

Awesome documentary. Highly eye opening

[@6misery]

That ending hits hard, harrowing yet perfectly executed

[@michellejue3199]

Value investing is still the safest way to go, minimal risk.

[@grayzytube]

18.11 most oilfields are NOT naturally pressurised and pumping (adding pressure) can be regulated. I don't think this @Wet Oil# trader is being honest with VPRO

[@user-kpkxgtj]

He's a trader, not an engineer, he was simply speaking from what (little) he knew.

[@compxx3971]

Guy doesn't want to complain about the market that made him extremely wealthy... proceeds to complain about the market that made him extremely wealthy.

[@anita-lb4bw]

Excellent 👍 program hat off .u are the simple people but not lesser than Angel from heaven..

[@aimirror]

This is nuts! Great work.

[@manuellopes3690]

Glass is a silicon based product, not synthetic derivative of oil. Oil is a carbon chained molecules.

[@user-qn1sx1bo7w]

Thank you,

[@drevil4454]

So basically trading is all about creating middlemen without the need for middlemen. Me dad always said cut out the middleman.

[@aarhamraiyan16]

Why the 4 videos hidden!!!! How can I see those? Eagerly waiting..

[@hkaraca2000]

Absolutely top shelf material. Carbon tax futures market. Interesting stuff!

[@vetrecaGOD]

Fliexible lids, moving up and down based on the oil level inside and the amount calculation based on their shadow...remarkable stuff.

[@lukespector5550]

Hold my beer.........

[@magicsaint]

Can someone explain how did Syed lost $13 million when he bought the contract at the very bottom price? 212 contracts at $1 cent still gives loss of approx $1.5 million at the bottom price.

[@bestdjintown]

Futures are different than your regular stocks or stock options. WTI or /CL Crude oil, each contract represents 1000 barrels. Tick size is 1 cent, so multiply 1000 barrels by 1 cent, each one penny movement up or down gives you (+/-) $10. So if you are buying long (Calls), and the oil is at $50 a barrel, and it goes down to $45 a barrel, that is a $5 move which is equal to 500 ticks. Since each tick is worth $10 that is a $5K loss on one contract on a $5 move. I hope this answers your question. I am not a pro, nor do I trade futures. Just sharing what I know.

[@maxsterling9908]

The trading software does not account for the negative numbers. The minimum price he saw was 1 cent. So, he bought 13000 contracts he said but the actual price at that time was(negative) - $10 or even lower. At expiration, when he contract was settled, since the price was in the negative, he had to pay to sell (settle) his contract. When the price is in the positive, you get money for selling anything. Since, the price was in the negative, he had to pay to get rid of his contract. Interactive Broker assumed the cost of anything below $0, btw. They understood that their software messed up.

[@quantum7401]

I think brokerages knew about oil going negative before hand, so that they could hedge risk appropriately.

[@MinotauroTrading]

Oh man that guy is so lucky their broker accepted they were not providing a good data and compensated him.

[@PCMcGee1]

We don't need a carbon tax, what we need is a trading tax.

[@Rnankn]

That’s called capital gains tax. But money is boundless, it grows exponentially. So a fraction of infinity is not a useful regulatory limit. We need zero carbon extraction and combustion, so a carbon tax is inapposite. What we need is a low energy economy, or a lot less people.

[@joeymurdazalotmore6355]

No more oil

[@lukespector5550]

Yeah, but some smartass Harvard boy will probably call it antisemitic or such.

[@lukespector5550]

We already do. They call themselves "Amish".

[@trashchannel8967]

you are just and envy people

[@thetaeater]

It took me a year to recover from that day oil went to 0 but the brokers didn't make it easy. Getting locked out like that was the 1st I ever wanted to sue anyone. But iv went from 60 to over 300 in minutes as a premium seller I'm not sure how I didn't have stroke.

[@ArnaudJoakim]

Crazy story! Very interesting

[@samialsati8054]

Amazing

[@khalidhakimi93]

Down in Essex in London a small group of traders by the name of vega capital on the day oil went -40 made 600 million British pounds in a single day

[@castlehedge]

CORRECTION: Oil has gone negative before. Also, the CME made the announcement weeks in advance of the possibility for it to go negative including changing the way its priced from the ‘76 Black Model to the Bachelier Model. Also, every brokers warns its customers of holding the front month on the last day of expiration.

[@ManuelRamos-qt3et]

If one trade went the opposite direction, why did he double down on buy side, he could have shorted the second trade!

[@Sasan.Abdossamadi]

25:09 Like this Day Trader (Syed Shah) Why a Day Trader kept position open for more than a day?

[@tomfreemanorourke1519]

The 2008 sub-prime mortgage trading was exactly the same, only a small number of astute traders cashed in on the 'shorts' gamble. The banking giants gained 80 billion from our taxes, the major oil companies don't lose either. Cest la vie and buyer beware.....convid was a serendipitous occurrence that only astute traders saw coming, much like the sub-prime jamboree. Isn't life wonderful? For every drop or rise in trade digits humans lose.

[@voidgeometry794]

What happens when someone Fails to Deliver...???

[@lukespector5550]

Bill then hides behind his long suffering wife (Hillary)?

[@salqubeq5203]

best work

[@musicjuly3415]

It appears that Dan Dicker, Michael Marks and all other floor traders didn't make any money trading but they all became very wealthy simply by selling their floor trader "seats" for multi-millions that they bought for less than $100k.

[@lecoqjeannot3358]

Very interesting, I learned a lot of things.

[@echongkan01]

lol, I remeber when the VIX future contracts expired on me

[@rawcircoking]

Lmaoo why even trade the vix.

[@echongkan01]

cause it had more leverage than regualar stocks :p @@rawcircoking

[@FED_RAGE]

Who’s on the other side of that trade? Those are the smart guys

[@user-kpkxgtj]

If making money is what determines who is deemed a "smart" guy, then everyone trading a particular market will be the dumb guy at least once every so often.

[@dawoodwaris]

One of the best time of my career was when oil price went negative, I was buying oil stocks non stop for two days continuous for the clients. Now they are earning 20% dividend by doing nothing.

[@a-k9161]

​@@dawoodwarisyou would have lost if you bought it in that time

[@jrrr92-fx]

so good

[@selinabeukes]

Insightful

[@ivantsanov3650]

Do NOT trade something that you don't understand, and your blood pressure is gonna be fine 😂 It's that simple. ( that's why I stay out of shitcoin, commodities and currencies)

[@a-k9161]

If you invest small money on Pepe now you will be financially free by 2030. Buy now and thank me later.

[@richardhumphrys8237]

Your missing an important part of what future contracts are supposed to be used for. Price discovery for producers, farmers or oil companies need to know whats been purchased in 3 months from the purchase price.

[@Kobby405]

So Syed didn't actually lose. He's still driving a benz with a big house to live in. That is truly not fair. If you take a huge risk, you cant expect to win big but cry for a bailout when you lose big. You knew futures are volatile financial instruments with equal risk of heavy losses compared to rewards. You could be out there working your ass off on the oil rigs but you chose to make money from a product that requires hard physical labor in crazy environmental conditions to produce. Most young adults like Syed dont want to do anything that involves manual labor. They all wanna be "traders, entertainers, content creators", etc. Who tf did you pay for this promo? I got zero sympathy for this guy. Viewers, the moral of this story is that none of the people typing on keyboards, watching computer screens actually lose.

[@Omz-d4b]

Synthetic oil can be bought at any garage. It works well

[@zangalord]

Stock market is the insurance cover for the economy. If we lose all money, we still have the ones we have put in the stock. Thats the future market.

[@Spectre.007]

The shadow calculation is legit.

[@rawa39]

16:13 wow

[@abhayammaharaj791]

ACW sent me 🤣🔥

[@abcdefghi9]

What if I just dont deliver ? What then?

[@lukespector5550]

Are birds tickled by feathers? Should ballerinas wear stillettos?

[@GoldBureau]

Don't need a Bull chasing me around LOL

[@beamerUSA]

35:28

[@kangwamark24]

how did Syed's story end ? he doesn't look homeless to me

[@destinyglitches9519]

45:45 His broker’s trading platform couldn’t show negatives so it seems they put the blame on the broker and ended up with 100k euro bill

[@KazenoniKakuremi]

8:50

[@Fordtruck4sale]

That guy with the 13M liability gets no sympathy from me. He's just greedy and dumb, glad someone ate his lunch.

[@poopy8718]

True ! Overconfidence and revenge trading

[@caughtontape5829]

I just think he was paying school fees to those who know the ropes. He fell in to the big boys strap, damn.

[@surajrshetty]

If He doesn’t pay up then broker , exchange and final customer doesn’t get paid. So in all everyone loses. This shows there was no risk mitigation mechanism in the first place.

[@dawoodwaris]

One of the best time of my career was when oil price went negative, I was buying oil stocks non stop for two days continuous for the clients. Now they are earning 20% dividend by doing nothing.

[@thizmferiznotreal]

alright wagie, but the crooks (big oil) who manipulate the price into negative are not greedy.

[@AbdulKhan-pm3hd]

OIL IS KING!

[@rifleman42051]

Oil is almost everything and Oil is becoming harder to find and mine! Inflation will continue to increase along with gas!

[@lpdirv]

Inflation is just devaluation of the currency. Currency is inherently fiat or made up. Oil is finite and non renewable, so we need to be careful how we use it. We will never “run out of oil”, that is a fallacy. It will just get priced out relative to other energy sources. If you want to protect yourself from oil prices then the logical thing to do is have alternatives such as solar, wind hydro and nuclear. Its just basic market forces.

[@rifleman42051]

@@lpdirv Correct! Hence the EV and renewable push world wide!!!

[@peterdean5304]

Inflation is also the rapport between goods for sale and money in circulation

[@RustyZarate]

How do you invest in carbon tax?

[@dontbeafool]

Crypto bro gets liquidated on negative oil futures. Hahaha glorious. Dont play the game if you dont know the rules.

[@zofo9990]

“I scraped together 20k from my father in the 60s-70s” loool bro started on 3rd base.

[@fernandomendoza798]

Futures market!!! Now the big dogs know what to devalue for eye poking prices to sell months later at 300 percent price increase. It's a poker game. And the dealers as well as the house will always make money. And the gamblers will loose all the time.

[@tenacity-fr]

the priest of money😂😂

[@CuchBe]

❤

[@easily-know]

interesting

[@tmadden4951]

Pre history all oil was in ground

[@lucmarchand617]

Thank you expose this very happy explains what here.calgary alberta was middle on this weir strom.i saw my own eyes margin call other jump in head first yup.irving oil just finish major repair oil refinery st-john,nb when people dump oil all tank was empty just couple days harbour was full oiltanker ship.they rumour was they made hell money,include here some rent oilcar cn and cp load up.pipeline like trans canada where load and stop pumping yes was true.i hear story in downtown calgary insane amount money made or lost.thank help.people understand systems work.😊

[@DouglasButner]

How can you not mention the well documented winners which was a small group of traders from the UK who set up this crash? please fact check me, I watched the doc on that also on KZbin

[@DouglasButner]

nevermind ita at 40:24

[@rootsoftheland9040]

Dont you love it when you're doing an interview and someone just decides to waltz in on it...🙄😒

[@cloudsoundz9431]

Has your day trader considered that his high blood pressure may have been caused by the vakseen

[@ceecee6679]

Futures for Carbon Tax...God help us.

[@aqadaptiveintelligence]

Should have stuck to crypto lol 😂

[@regulator9leorise629]

Hot potato 15:16

[@psnews646]

Hi brother

[@lettruthprevail9820]

Carbon tax is corrupt and won't affect players manipulating the market. Trading carbon tax is the answer - what a lie.

[@VOLightPortal]

I disagree. Everything is synthesized from the sun. Also that trading floor with all those men seem a bit odd. It's like a pseudoscience centre for cult members believing that all those strange hand gestures have any meaningful effect statistically on the outcome of their investments that can be quantified and measured with results that can be replicated scientifically over time. Maybe bob your head to the right and pray in the direction of the Andromeda galaxy for additional effectiveness.

[@kreativeforce532]

what's your bet on the future of the sun?

[@roshglock]

Insider trading

[@Vasectomyjohn]

Anton Chigurh I have a $50k contract for the carbon tax pig.

[@CHUCKBALLER2024]

selling hair oil futures

[@dyermade]

Beta , Aur suno Karachi Saale mama ki baat.

[@Tony-gq8pi]

It is called gambling,

[@wpbarchitect1800]

It's critically important that people use accurate language when discussing the actual cause of event consequences of SARS-CoV 2. A particularly egregious and pernicious example-with repeated examples of use in this piece-is 'BECAUSE OF the pandemic/covid, x, y, z.' This is obviously inaccurate, a mistake of basic, foundational logic. The ACTUAL factual causal reality is this: because of the actions taken by tiny silver of people (our 'leaders') who, under the auspices of 'saving us via mitigating viral spread of a universally deadly untreatable novel virus which is transmitted largely via aerosolized airborne droplets via 'lockdowns', paper masks, plexiglass panels, 'six feet' etc.' assumed unprecedented virtual total power/control over almost every coordinated collective human activity. Dictates which, as it happens, are now almost universally understood to have been virtually 100%, incomprehensibly, almost impossibly wrong (and which were recognized as such at the time by anyone with the critical thinking faculties of a 12-year-old of average intelligence.) THAT is what caused-is the BECAUSE-of whatever 'x, y, z during covid' topic is at hand in a given conversation. The conflating of the two-the virus, and the governmental response to it-is a massive lapse in logic, understanding, and a highly inaccurate depiction of reality. Causation clarity with language is VERY important.

[@lukespector5550]

Looks like we found ourselves a Brit?

[@kreativeforce532]

it peeves me too mate.

[@nicholaslandolina]

The blonde is a gottie

[@iamalphaomega]

Just a big casino manipulated by a handful of robber barrons.

[@kreativeforce532]

gimme a 7 on black!

[@semiravdic1144]

"Whatever loans you give, ˹only˺ seeking interest at the expense of people’s wealth will not increase with Allah. But whatever charity you give, ˹only˺ seeking the pleasure of Allah-it is they whose reward will be multiplied." "Qur'an - Surah Ar-Rum 39.-th ayah"

[@lukespector5550]

Yeah, yeah. Just start treating women as equals & we'll take you terrorists seriously.