Long at 28.62 March contract
Long Oil
Started by
Swiss Trader
, Jan 20 2016 02:56 AM
2 replies to this topic
#2
qqqqtrdr
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- Traders-Talk User
- 3,220 posts
Member
Posted 20 January 2016 - 07:57 AM
Good Luck... At the moment Oil is driving the market lower... It could lead eventually to imbalances that will drive the market even lower and it won't just be oil anymore... Yes we are oversold ( except for PE ) but if oil keeps going down the market will also.
#3
pdx5
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- Traders-Talk User
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I want return OF my money more than return ON my money
Posted 20 January 2016 - 10:19 AM
Oil is headed towards $20.
Not smart to jump in with both feet at current prices. Scale it in.
When people stop buying cars, then it will be time to sell oil companies.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
