tripleogstar
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if oil prices rise on monday, i will be looking to get in on a sell off in the USD/CAD, i mite actually consider that trade this evening, depends on if it reaches an attractive rate
I had my parents by oil when it was $25 barrel.. I personally don't do long-term, but buying oil that cheap was an obvious move for retirees..
Yea I know what you mean, I do not tend to go in the oil market, I do trade gold quite frequently. I only trade oil wen it is very cheap, I tend to buy Oil ETFs (leveraged), there is no margin/variation margin and the simple fact of the matter is oil will go back above $100 a barrel one day. So i buy the ETF when oil is at $60 a barrel for example, and if it goes down to 40, I will just hold it for 10years if I have to, knowing that it will be significantly higher than it is now. The only cost is obviously the opportunity cost that my money is tied up in that investment, but still i wouldn't invest more than 15% of my investable money in any asset.
Triplegostar.. are you on T2W during the day...?
Yea most of the time
If oil goes to $48, oil stocks will get smashed dragging down the entire market.