Who is making $$$ today lads.
Well, i went leveragedx3 bear on oil at 27,7$ (ca the lowest point in this downtrend), so my ass is sore at the moment. Believe me when i say i shat barbed wire when oil rallied 12% RITE fuken after i bought. Thinking about riding it out tho as i am still bearish on oil. This given that the only positive news oil has gotten in a while is as shit as a hint from saudi.
Currently down 28% at that position
إن شاء الله
I'm thinking about buying CSCO but I think it can go lower.
You're opinion حبيبي؟
Still believe oil can fall a decent amount. the supply and demand in that field is rekt, and no producer seems to want to take the first step of reducing production (to decrease the supply, which is currently a shitton bigger than demand), this despite opecs attempts. Also, its generally a good idea to simply follow the trend till it breaks (or you are in a profit). I think oil will fall about 4,5% tomorrow, because the upricing in price these current days just doesnt have the foundation to continue
I tried to catch a falling knife with $FIT. The knife is still falling.
Aren't your losses only going to compound daily? since you're on a leveraged ETF? Have you done the math one what actually needs to happen to ever make back your money?