Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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cajman1

Menominee

Tam3262

To: cajman1 who wrote (17030)	5/16/2025 1:26:19 PM
From: chowder	3 Recommendations of 21914

I recently opened a position in CVX. When it comes to oil and gas, I prefer to start building a position as the sector is declining. I buy small and add small. For example I added a small amount yesterday, the 15th, and I'll add a little more at the end of the month. I'll repeat this process each month going forward. I currently have a small loss -6.17% but when I add again at the end of the month, the cost basis should come down. I wouldn't go in with a large position until oil prices have fallen a significant amount from here. I prefer to average in.

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