RE:RE:BTE L2 - THANKYOU TO ALLdll
1. I know nothing more than you know. The SP will probably go up tomorrow.
2. I am at a different point in my life than other investors and view my investments not on a 5-10 year horizon. Note that I already held BTE since 2020, going onto 4 years in 3 months. I was LONG in my terms already.
3. What did I know and what did I have to relearn:
a. set a sell target price and stick to it - keep the emotions out of trading.Do not let GREED drive trading decsions - easier said than done.
b. figuring out where the SP is going is a mix of fundmentals, technical analsis and a "little bit of luck". Get comfortable with all 3 and learn from mistakes. I made many.
c. learn all that you can about the oil sector to ensure that you are DYODD and come to realize that there are many many factors at play in determing the SP in this sector, and many are beyond our iunderstanding or control e.g. Biden deciding to pull oil from the SPR.
In the end, nothing new.
Nutall was right - if you played March/April 2020 right - the bottom of the oil sector, the results were a "generational opportunity."
My trades today settle on 18 September 23 which is when I can do something with my profit which is why I invested. In the end, the aim of the stock market is to make money IMHO.
Hopefully this anwsered your question.
GLTA