I bought at $7.36 on Friday :/ I'm wondering the same thing but now I don't know if it might go all the way down to $3 soon
I agree with this. if you freaking out about paper losses when your trade is active, then you are going to large. most novice investors are taking on 10-20% risk when they should be taking on 2-3%.
For someone looking to get into stock trading and stocks.. what are your advice and where should I begin in terms of understanding the stock market?
staying with energy shorts and ready to press. Houston is in deep S H I T. will be epic real estate crash.
Might be a good time to buy oil services stock. They seem crushed. Oil is going back up in a year or so, and they will probably rebound nicely.
Well that worked out well. I actually closed both Friday and got back in on the close. Then closed them out again just before lunch today along with some volatility longs. Depending on the price action I might go small on a crude long this afternoon.
The trend is your friend. rather than trying to predict which way it's going why don't you look at the indicators. I don't see any buy indicator here. But I see you want to average in. Just difficult to average in on a falling knife syndrome.
Making some good money on UVXY today. I bought in at 21 during the "quiet" holidays. Will hold it for a bit.
I tried some bottom fishing on apple for some mere bounce. attracted to the risk reward on this. if it breaks the today low of 105.41 then I will sell.
I am talking about the longer term. I don't think oil is going to be 40 bucks for that long. Trying to predict short term stock prices is kind of futile.
I agree for the long term, but I prefer not to average cost buy in on any energy stocks until the selling trend comes to some bottoming action on WTI Crude. I don't see that on the USO chart yet.
