The Book Is Built — and It'll Never Look Like This Again
To everyone on this list — including those of you who've been reading me for a decade or more. This one's worth your two minutes.
This is one helluva set-up. 45 years trading oil, and I've never seen anything like it.
The Iran 'deal' landed, crude round-tripped back to $70, and the market acts like the worst supply shock of modern history never happened. But it did, and it's still going on. In the face of it all the traders have gone from an overwhelmingly long position to building the biggest crude short position I've seen in decades. Trump is using his Justice Department, as well as everything else in his bag, to push the trade into selling every rally and moving prices even LOWER. All this in a market that is nearly emptied. China and most of Asia drained their emergency barrels through the war; the cupboard is nearly bare.
Can this end well? I don't think so.
A short this crowded, on physical markets this tight, does not unwind quietly. Or, at least it hasn't ever in my long history of trading oil.
That's the set up for the first trade of my new energy portfolio.
What it is
It's my own money in a live energy book. Members see every trade I make, with the full reasoning, in near-real time — the actual positions, the actual weights, on a members-only dashboard that's now live. No back-fitting, no dressing it up after the fact. A real book, in the open, good calls and bad.
Why I'm writing you today
Because of the one thing that only happens once.
I haven't placed a single trade yet — on purpose. The book is funded and sitting at zero, flat, an index at exactly 1,000. I'm holding until the founding members are in, so you watch the whole thing build from the very first position. I took a screenshot of it this week, and it is the most boring, most valuable picture I'll ever publish, because the instant I place Position #1 that flat line starts moving and never comes back.
Everyone who's in before that first trade watches from zero. Everyone who joins after is playing catch-up with a book already in motion.
The seat
A founding seat is $2,500 for the year. The group is small — far smaller than anything I've done before — and that first trade WILL BE EXECUTED in the next few days.
This is a premium service. The number of subscribers will be limited to 50. It's $2,500 because it's my live book in real time, not a column, and — sorry to be a little self-promoting — I've earned the right with my calls, all documented on my website, to charge a premium entry fee to access my lifetime of energy trading insight.
This first trade alone should easily pay for the subscription three times over with even a moderately conservative capital allocation.
Subscribe here → — click through and hit subscribe on the page.
The flat line won't last the week. Hope you'll consider joining me.
— Dan Dicker
Matrix Energy Partners
