I hope it does not go below $35 in the next 15 days, otherwise the R4 selection would have even uglier outcome, bad times.
12 replies (most recent on top)
@4vgk Awesome. Don't forget to wrap the brew you spent your winnings on from the 7-eleven in a brown paper bag. lmao!
Thanks to the advice udx, I bought USO on Friday at $26.50 and sold today at $28.10, yielding a 6% return in 3 days.
Technically it setting up for a dreaded "h" pattern, so if it falls blow 36 it probably header for 30 to 31 at the lower end , As I write its now testing $37.
Early retirement investment advise - who do you choose to manage CVX retirement fund and ESIP?
@udx, The investment company, Robinhood is a play on words. They actually steal from the poor and give to the rich.
you absolutely correct
Robin hood directs its trades to specific dark pools, who pay them for them. Tjhsi si aehy RH is able to make money on their Traders, The dp is then taking advantage of those order ising alogo's to takeout the stop and shafting the RH traders. Its criminal behavior
One more thing. when RH platform went down during a correction for 2 days , the RH traders were unable to sell. This is a mickey mouse platform who rip off traders. Not only that it actually admitted it was storing userids and passwords in the clear on its server!
STYA CLEAR
@udx, The investment company, Robinhood is a play on words. They actually steal from the poor and give to the rich.
WTI closed at $37.01 on Friday 10/02.
Yes. Market timing. Excellent advice for a struggling family or individual.
I called my advisor to ask about USO. This is a trading vehicle and not a long term hold. Traders exploited naive investors during thev2014 down turn and also in march. He has been spot in with oil prices and thinks that they will bottom near Christmas and pick up next year.
USO reorganized their holding percentages across a variety of WTI futures, as opposed to front-month loading, in an effort to avoid what previously occurred. This was done back when they initiated their reverse split some months back. It is risky, so I agree, don’t put all your eggs in one basket, but since this post pertains to WTI and it going down, I say buy low, sell high.
USO is very silly instrument to own, It is based on front month oil futures and the fund has to sell it's futures in order to not take delivery of the actual oil. then it rolls in to the next months options. As you may be aware when the demand collapsed earlier this year . Oil future went negative because speculators had to unload their contacts. Though this will not likely happen again, but it is a risk. I certainly would not risk a sig amount of any portfolio in it.
Even if you make it, there is another re-org coming in 12-18 months
Even if it does go below $35, it will not have an impact on R4. The mindset that went into this transformation event is that $30 is the “new norm.” R4 is what it is. When the COVID fear is high on a certain day or week, buy USO low in your Robinhood account. The next time a vaccine is talked about publicly and USO shoots up, sell high.