lol. I think you're right anon. i am a trader who quickly adjusts when i am wrong. more than many. No matter how strongly i feel about a direction, i can switch my stance on a dime. I have been trading too long to be a stubborn dude. stubborn dudes don't make money. and I never ever short a 'topping' mrkt. I usually short weak sectors in weak mrkts, that's why SKF and i are best buddies this year. I know that topping mrkts never reverse in one day. they could take days/weeks to form tops and then collapse. my patience don;t allow for that kind of holding period. haha! either way, interesting times, volatile times and that's all we can ask for as traders. have a great weekend.
is the energy trade really over?
ReplyDeletenah!
BUY ON THE DIP!
love your site stewie!
hi BOTP.
ReplyDeleteenergy trade far from over but the momo i think will die down slowly and you will get your wish of 'buying on the dip'. cheers mate.
Stewie, the last time you said oil was at a top it went up another 20%. It looks to be consolidating for a breakout long.
ReplyDeleteDon't get me wrong, I think you're a fantastic trader but think you're wrong on this one.
good luck!
lol. I think you're right anon. i am a trader who quickly adjusts when i am wrong. more than many. No matter how strongly i feel about a direction, i can switch my stance on a dime. I have been trading too long to be a stubborn dude. stubborn dudes don't make money. and I never ever short a 'topping' mrkt. I usually short weak sectors in weak mrkts, that's why SKF and i are best buddies this year. I know that topping mrkts never reverse in one day. they could take days/weeks to form tops and then collapse. my patience don;t allow for that kind of holding period. haha! either way, interesting times, volatile times and that's all we can ask for as traders.
ReplyDeletehave a great weekend.