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Trading Idea

Hellcatcfp

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#1
I have been very reticent about sharing any investing ideas, especially any short-term tactical trading. Don't want to ever be blamed for anything on here.

But, seriously considering buying some USO (ETF) - which is a is an exchange-traded security designed to track the daily price movements of West Texas Intermediate ("WTI") light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca.

Oil market is broken (due to COVID) but maybe time to pull the trigger. Oil will go back at some point and this is kind of a no brainer for the courageous investors on here.

Thought I would share...not a big commodity trader myself...but hey. Stay safe everyone.
 

DGatzby

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I have read that us retail investors got burned bad on that ETF this week. Smart traders with big cash shorted it and made over a 1/4 BILLION!

There are some interesting items in the ETF world out there, and they look cheap compared with six week ago, but darn it, a lot of things in the market are real strange right now.
 

DGatzby

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#3
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Hellcatcfp

Hellcatcfp

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Thread Starter #4
I have read that us retail investors got burned bad on that ETF this week. Smart traders with big cash shorted it and made over a 1/4 BILLION!

There are some interesting items in the ETF world out there, and they look cheap compared with six week ago, but darn it, a lot of things in the market are real strange right now.
Yeah...for sure. Now its down and when thing go back oil should regain price stability somewhere above $0. Risky play, but I may throw some retirement money at it.
 

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SouthWestern Energy was a good grab early April. Dumped some yesterday and will keep the rest for a while... (y)
 
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Hellcatcfp

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Thread Starter #6
Awesome to hear Tkracing. Blood is in the streets...that's when I get excited. Thought I would share.
 

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DGatzby

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It has been lingering the past week or so. That sucks. As soon as confidence comes back to bank stocks--- I can afford another set of tires!
 

BULL

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Calls, Puts, In the Money (or not)

Makes me insane...

I'm a simple guy, buy low, sell lower...


:)
 

tkracing1

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It has been lingering the past week or so. That sucks. As soon as confidence comes back to bank stocks--- I can afford another set of tires!
You will be fine for sure.
 
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Thread Starter #11
Calls, Puts, In the Money (or not)

Makes me insane...

I'm a simple guy, buy low, sell lower...


:)
Use options to either hedge, covered calls, or non directional trading - Delta neutral. A lot of my most profitable investing come from market extremes. We will get through this (as we always do). Hard to lose long term when things panic into extremes. Take care everyone.
 

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Linda's Hell Cat

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I have money invested and is handled by a "Wealth management Team" Most of the money is in safe types of spending. I was happy at the beginning of the year because the money that was being made would allow me to basically live the way I do eventually when I'm not working anymore. To me the stock market is like having another job and this is one job that would be done much better by my husband.
I too was just talking to my brother about buying some stock in oil, because no matter what it has to go up.
I will send my Team an e-mail on this.

Thank you @Hellcatcfp

Linda :)
 

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Hellcatcfp

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Thread Starter #16

McLovin

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Yeah...saw that. Thanks. Strange times...
Just thought I'd share in case you hadn't seen that.

I've got my eye on it as well, but I think I'm going to wait till the contango settles down a bit. Long term it'll be fine though.

Strange times indeed.
 
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Hellcatcfp

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Thread Starter #18
I have money invested and is handled by a "Wealth management Team" Most of the money is in safe types of spending. I was happy at the beginning of the year because the money that was being made would allow me to basically live the way I do eventually when I'm not working anymore. To me the stock market is like having another job and this is one job that would be done much better by my husband.
I too was just talking to my brother about buying some stock in oil, because no matter what it has to go up.
I will send my Team an e-mail on this.

Thank you @Hellcatcfp

Linda :)
My pleasure. Just something to look into going forward. More high octane idea for sure.
 

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Shit.
Y'all lost me at the word "reticent".
 
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Hellcatcfp

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Thread Starter #20
Interesting...might wait now.

 

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