tonz_of_gunz
Long

USOIL SHORT TERM ANALYSIS

FX:USOIL   Crude Oil (WTI)
Waiting for another big wave up on this instrument until bigger correction takes place.
Comment: USOIL is making a bigger correction, waiting on it to see how it evolves to enter long.
snapshot
Hi! I'm a newbie. I short sell on 46.24 and now i'm losing. What will i do? Can i buy or i'll just hold my position? Thank you
Reply
tonz_of_gunz EllaMarieWico
46.24?Well you must have an exit point before you enter a trade, keeping a position open hoping for the trade to come back is a losing strategy 100%, you will be lucky a few times but eventually it will blow your account. I advise you to rethink why you took the trade and if it didnt do what you expected then its better to close it. Buying now could be an idea but make sure you have a sl in place and you dont risk more than you afford to lose.
+1 Reply
EllaMarieWico tonz_of_gunz
Huhuhuhu. Okay thank you.
Reply
EllaMarieWico tonz_of_gunz
I closed it.
Reply
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