USOIL Analysis
Updated
USOILCurrently running shorts on USOIL as explained, to the allow me to go long on oil risk free when we get down to the low areas.
Rather than sitting on your hands and waiting for price to get somewhere, trade it.
Expose yourself to the fact that anything can happen. What if I sit on my hands for a week, waiting for oil longs and we just keep dropping lower? Then I have just waisted time, missed opportunities and been stopped out on longs. Don't do what most retailers do, be smart!
Note
As explained, this is exactly why I do not sit on my hands and just wait for longs, oil is dropping massively after big fundamentals... Still holding full shorts, never set TPs
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