I've told some of you about my rule of not depositing more money into my trading account until I make back what I lost.
But...
If West Texas Oil keep falling in price, then I am going to find it impossible to stick to the rule!
It's about $20 a barrel!!
20!! haha
I just jumped in
This has got to be the trade of the year!
I don't know how low it can go, and wouldn't dare try to call the bottom, but even if it drops to $1 per barrel, my account is still solvent.
Though the drawdown would...
Breaking my rule if Oil drops to $15p/b
But...
If West Texas Oil keep falling in price, then I am going to find it impossible to stick to the rule!
It's about $20 a barrel!!
20!! haha
I just jumped in
This has got to be the trade of the year!
I don't know how low it can go, and wouldn't dare try to call the bottom, but even if it drops to $1 per barrel, my account is still solvent.
Though the drawdown would...
Breaking my rule if Oil drops to $15p/b
* This article was originally published here
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