(03-10-2020, 08:45 AM)kblake Wrote: Sold XOM, RDS.B, OXY and CVX at the open. Made between 8-10% on the trades. That's how you do it. I made money in oil. Not many can say that lol
I will look to buy again on another dip
Well good for you Mister Pro Oil trader lol. The timing is so tricky to trade them. I have tried to figure out how to buy and hold them off and on for 30 years. It's been a big fail. The only time you can make real money is if you buy when everyone absolutely hates them. The sky has to be black, not gray. It's usually next month and not when you think the time is right.
Seriously though I will have to sit and watch my BP shares suffer. Wish me luck because I'm sure I'll need it.