Why do I always make the wrong choice
Grrr... so I did some trading this morning. I was deciding between OIL (Crude futures) and SKF (Fund that short on the financial sector). OIL's about at the support price and has been channelling for a few weeks and I missed the last two bounces.
SKF is taking a major hit because less bad news is good news again for banks at the moment.
When I chose OIL it was up a bit and SKF was down alot and seem to be falling. ... So now OIL's down $.45 and SKF is down 8.80 and still rising. Would have made $14/share already if I'd gone SKF. I'd even placed a LIMIT buy for it, and kept revising the price down as I watched the shares plumit. But then I lost my nerve and cancelled the order.
In summary: Boo me. :(
OIL should still rebound and make me some money, but SKF would have been way cooler.
SKF is taking a major hit because less bad news is good news again for banks at the moment.
When I chose OIL it was up a bit and SKF was down alot and seem to be falling. ... So now OIL's down $.45 and SKF is down 8.80 and still rising. Would have made $14/share already if I'd gone SKF. I'd even placed a LIMIT buy for it, and kept revising the price down as I watched the shares plumit. But then I lost my nerve and cancelled the order.
In summary: Boo me. :(
OIL should still rebound and make me some money, but SKF would have been way cooler.