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I lost 80K with oil goldman sachs, ETF in three months, now I am buying USO and some other oil stocks and decided to but more USO once it go down further. Is it good strategy ?
what is your suggestion Guys ?
Thank You
NO GOOD! OLD YELLEN couldnt raise rates coz she knows economy.s the world over are just not growing. Too much government is just holding EVERYTHING down.
Commodoties are falling like rocks. Interest rates not going up.
After the great recession of BUSH the economy should have roared back a long time ago but couldnt because of obamacare, anti-business sentiment .etc!
Thanks BMW and Concept. after loosing 35 percent of portfolio now feeling if i go to other investments aapl, twtr, GLD but they may go down. and to recover loss I thought only way is to hang on to rope which brought me down....or may be I can buy XOM,COP, BP and CVX instead of USO ?. now also learning option trading. guys in two month from 200k to 135K , any strategy or portfolio you suggest to recover my loss ? Thanks for support Guys.
TASTYTRADE!
OPTIONS..............................hahahahahahah a! Stay away. Only people make money trading options are the brokers.
If you still want to play oil, check out UWTI.
I've been trading UWTI 2 to 3 times a week with profit ranges of $0.23 to $0.70 per trade, only because I've been consistently entering at no more than five cents from the low of day.
How to put odds in your favor?
There are actually a few tech indicators that can reliably show the low of day (about 70% success rate).
These few tech indicators work for me because I have a specific trading style, specific temperament, and specific risk tolerance level.
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