RISKY LONG IDEA ON OIL at your own risk

Hi Folks:

Time for a pause. Going long with a small position for fun after having locked in nice profits. Never is a good a idea to try to catch a falling knife but at this level it is worth to give it a try.

We are approaching areas of important support but fundamentals crashed today and two days ago with SPR release.

Next week OPEC+ meeting will send prices higher with further cuts....

Cheers

AT YOUR OWN RISK

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עסקה פעילה:

עסקה סגורה: הגיע לסטופ:

Closed the position with a small loss because it was a brutal drop! Overall it was a great day and interesting idea worth to try. It was panic selling but I do not think it should be that heavy. Big fellas locked in profits after a stunning rally below zero :)

הערה:

That's why using a SL on cyclical instruments is a waste of money. I use instead a hedging because price always comes back and forth and you will have chances to exit any of your stuck positions. This time I used SL so I locked in some losses and price would be now back to profit...