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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: flashforward2009 who wrote (111814)4/2/2020 12:01:29 PM
From: Rarebird  Read Replies (1) | Respond to of 116876
 
This is an extremely treacherous trading environment. I always have ideas to profit from in all kinds of markets, but this one is quite dangerous. If you are not comfortable shorting - and that's dangerous too - the best thing is to remain in cash until a bottom of some sort is reached. Yes, I know cash is a losing position, but if employed properly, when things settle down, it's a winner.
In life, you can't always win, but you can minimize losses and wait for a good trading opportunity.



To: flashforward2009 who wrote (111814)4/2/2020 12:08:17 PM
From: Rarebird  Respond to of 116876
 
I was bullish on USO a few days ago. But then it traded overnight to a new low and I refused to trade it once I saw a new low, which I didn't expect.

It is possible crude oil goes to $10 before the bear is over.


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