RE:1791Puckhandler15 wrote: Mat, Ive found your comments incredibly helpful..thanks so much.
Curious, are you short on this? own hod? Or really a living legend trying to help these fellow investors save some pain?
Thanks again for your input
Hockey Hands,
I am quite the opposite.
I got smoked on HOU over the Easter weekend.
Thought like many, oil is only going to go up, why not buy a 2X oil bull etf.
Bought on Thursdy trying to time the Saudi/Russia OPEC+ deal. Got hammered, doubled down twice, only to end up down 43%. Average cost was 6.50 sold out at 3.74.
Sold not becaues of loss, but realized 2 things, I was early to the party, so HOD was the play, and 2, didn't completely understand what I had bought in the first place.
Learned fast, made my moves, traded HOD made back about 70% of loss.
Have had neither for a couple of days.
Was hoping to come back to HOU, have better timing, and have eyes wide open.
Then it broke!
I will continue to watch, but won't re-enter until, at the least, it's fixed.
Hopefully by then I haven't missed Oil's rebound...