RE:RE:Stop LossCobalt wrote: With the kinds of returns we have had this year and the world so close to max chaos, slowly selling into strength is a winner , build cash for the next sell off they ALWAYS come. Guys around here last June lots hundreds of thousands on paper and are still 25% from getting it back. People who sold SOME into strength and bought the dips are up. Selling into strength is hard to do greed and all FOMO, it is what the pros and algos do to stay in the game. Just remember there is always another train if FOMO gets in your way good luck.
van60 wrote: With the inherent volatility in Oil stocks thought I'd throw it out here to see what strategies are investors adopting, not just specific to Baytex but the sector as a whole? Thanks!
I don't know Cobalt. Why is it that you stock flipping types are always announcing "the right thing to do" after the data is already in? How come you can't predict the right thing to do?
You are right when you said some guys here are down a lot since June. I am. On this and other mid cap plays. Am I worried about that? No. You can play with the Ouija boards all you like, personally I look at data and the data tells me that the world isn't producing enough oil which tells me the price won't drop which means balance sheets get squared up which means ridiculous fcf.
at the end of the day, you do you. But could you please lighten up on telling the rest of us how we should do it.