%% Sounds like mainly panic sells with not much storage space -but I dont really know all the details. I do know oil is quite a bit off $150 area HI, so it's not a real good uptrend; I also know I enjoy doing business with MRO, XOM ,CVX, MUR,[BP some LOL] Shell Oil, Dees Oil, others..................................................................................... On a more positive note/ ETFs I trade + invest in have never gone to zero.
Now the question is Do I average up again? If it keeps rising, might be worth pyramiding the sh!t out of this.
A pix says a million words. As mentioned, just do it. When the pain is unbearable which may take years/decades, then you will do the reverse. Right now, you don't feel the pain. Or rather, you are feeling the joy. Do master - how to center your mind - how to neutralize negative emotions rapidly Anyway, the US dollar is now strengthening. Amitabha peace be with you or whatever
The logic of my input still applies. Combine that with what your charts tell you, keeping in mind that your original basis for the trade is flawed, in that you think you "got lucky". Personally, I'm staring at the backwardation curve it's in and noticing it's going pretty darn deep. Use caution.
%% LOOK$ like frankly /he got a LOT of of things, trend things right\ ; but barchart.com rates it only a 88% buy | 33% buy long term[67% sell \oops] With some more years\ he my not want to do this @ all; but that'$ an opinion also. Tricky thing about trading, even more so with the more leverage used; get 88% right+ can still lose a lot, LOTS of money. Most day traders think things like $150 hi,+ [oil goes negative] 67% sell will never reach them ................... Live + learn, but i dont want to just learn with unforgettable failure. IBD has some logical ways of 3or 4 times averaging up/ but its cash stocks; really that's an investment plan+ not trading plan. Dont try this @ home
You truly have no idea what happens next, this year let alone the next 25-75yrs, the 'elites' have kindly provided the exact information the past weeks of what the plan is, now it doesn't mean they will be able to action it but this will never stop them trying and will influence every investing decision for decades. The key to the markets is plump up the goose and then reap the rewards, now in the past being on the right side of that was much easier, today the 'level' is around 250,000 people, anyone not in that group will be subject to the inter-generational whipsaws, averaging is just one approach to be part of that event. How do you avoid those whipsaws, well we've moved to private and family office so yo will have to find one of the other 249,999 to ask, you along with everyone else assume the markets have not arbitraged, correlated, discounted every other method to zero, but apparently people find it 'fun to try'
%% LOL, I'm NOT even 100% sure what ''plump up the goose means''; but if one goes with 88% sure or 97 % sure may work well,LOL Some times its cool the way a Canada goose will lock it's wings + power glide to ground. Take off'$ are much more explosive, but that's a wild Canadian goose+ flock .
%% Exactly, even though with 20-20 hindsight, sounds like a tame barnyard goose. Wild geese tend to move more extreme wild Sunrise + sunset table$ may help. Game + Fish Comission sets goose season in advance , not a prediction. DOW deriVatives day trader said ''Dow is correlated to itself'' WO'N ]IBD founding father] exit rule was $elling least profitable. Much of an add[average up LOL] on gets average price more , so use discretion note monthly /TYD profit. V formation of Wild geese is done for a reason