Day Trading Strategy: How to Trade Oil Stocks

Learn how to trade oil stocks--a valuable day trading strategy that you can use--in today's video!

(Recorded June 14, 2022)
#daytradingstrategies #oil #trading

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**BOOKS WE RECOMMEND FOR INVESTING **

You can find all these books on Amazon

The Psychology of Money - Morgan Housel
Richer, Wiser, Happier - William Green
The Intelligent Investor - Benjamin Graham
One Up On Wall Street - Peter Lynch
Beating The Street - Peter Lynch
The Little Book That Beats the Market - Joel Greenblatt
The Complete TurtleTrader: Michael Covel
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[tabunes]

Good luck with that one. You will need it. FYI despite the run-up in share prices, most money that went into the oil sectors is from buybacks of the companies themselves. So you are going to short into free cashflow machines that are buying back shares (and redeeming them) at a rapid pace. When you want to cover, these shares probably no longer exist in the market.
It is funny to see how you decide to enter a short trade only based on some superficial chart analysis and an expectation that there will be an oil price collapse like 2008 or 2020 while all the data tells a completely different story.
As I said: good luck with that one!

[idt]

I bought energy stocks in 2020 after oil went negative and added into 2021. My 'energy portfolio' is yielding 16.2% annually on my cost basis and is up 242% even after the recent sell-off and some profit taking near the highs. I will sit on some of these names likely until I die.

[bravotrades]

I shorted XOM at 102.24 using USO as a guide. USO broke out over 83 on weak volume, with RSI divergence on daily and weekly timeframes. Now pulling back to retest. Re-test area is very close to 50 day MA, and long term up trend line... Might see a nice move down if that 81ish level breaks.

[Neighborhoodgoguy]

I just joined the EM community ✊ ready to take this next level.

[garthmccarthy]

I have been this like a hawk. Totally agree Mo. Thanks Champ.

[robl]

Occidental Petroleum actually bottomed on the day of this video. Chevron and Exxon up 7% since the video, along with all the other oil stocks.

[investinglens]

Great video, oil will be interesting this year 👀

[oukastoukast]

The oil sell off really surprised me. Good thing I didn't average up.

[pkxdnisanur]

Guys, if you have coins like BTC, ETH, BNB, LTC, USDT, just put them on the oreol staking and don't worry about the charts

[mr.financial]

Oil is here for the long run. However, it's volatility will increase in time as this war pans out. What will the next war do? World instability is back

[minilymo]

Errr what about the whole russia thing?

[Prizax]

The short was at 105 you kinda late to the party but ofc it will drop later more.

[jimmyteerex]

Disagree. Oil could just as easily stay over $100 a barrel for the next 5 years. The mess with Ukraine and Russia is not getting resolved anytime soon . Saudi Arabia and Dubai lie consistently and likely have no spare capacity. Even if sanctions on Iran and Venezuela were lifted tomorrow, it will take years before their production rises. Oil demand is fairly inelastic even in a hard recession because it is used to transport and produce almost all essential goods and there is no substitute. Right now, I'd argue that if anything oil is UNDER priced and shorting oil and/or oil stocks is a very risky strategy.

[tanner]

I really hope oil drops for my gas but I know it won’t

[wjg]

Why do you do the analysis if there are reliable Cross Staking platforms such as oreol staking?

[berkaybicer]

Guys, if you hodl coins, then I advise you to keep them in the oreol staking

[rehdax]

I work with the Oreol Staking. So in 5 months my profit was is +150%