Two of the biggest mistakes investors make:- a) assume that, when a shares' value rises, it will continue. b) assume that, when a shares' value falls, it will rebound.
I always chuckle when I'm reminded of Barchart. Ocelot used to post religiously, as evidence to support his own ramping when it was positive. No longer. Lololololol. I hope it gets lift some time so he can go back to pushing it again.
Yeah I'm not understanding it as we're looking at future contracts. It should only be down if we're in lockdown. Otherwise oil will be in demand, not only for things like transport but heating too. Plus all its' other uses (obvs).
I've been happily buying more although I did miss the opportunity to sell this morning; Things began to recover and I thought we might be in a rebound so I held. If I'd sold I'd already by 5% up on a large portion of my whole portfolio. The perils of flipping things quickly...! Now I'll just have to sit it out again. I should just be grateful and happy to do that, as I came out of the last one over 40% up.
To be fair, it has been a buying day today. I've had more oil, tech, and tourism this morning. Already seeing some returns I wasn't expecting this early. ;)