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Strategies & Market Trends : Seasonality trades

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To: cycleupcycledown who wrote (297)	4/3/2020 7:36:14 PM
From: kimberley	Read Replies (1) of 333

I'm glad you got a piece of that action the past couple of days...I should have tried to play the up even after I was late, but had too many things to watch at once. I'm simpleminded, lol...I can't juggle too many at once. I did get back in soxs - it hit that trendline and bounced right off it! I like playing the sectors more than just the indices. Returns are always better. I've added uco and sco to my watch lists. Until the last year I had never ever traded oil stocks. I just didn't know anything about the sector, and I've made more money on oil this year than I ever have with anything at all. I had literally just started a position in GUSH when the Saudi refinery got hit - dumb luck. I did initiate my short, via DRIP, based on my feelings that demand would drop once I realized the virus was going to be a thing...but then the deal with opec...again dumb luck being in the right stock at the right time. Now I'm actually trying to learn something about the industry itself, lol. I might be dangerous with a little knowledge! -vbg

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