SPDR Select Sector Fund - Energy Select SectorArca
Description
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Hello friends. We posted earlier about why the energy sector was probably the Greatest Short Of All time. Did anyone join us for shorting? We made a *lot* of money. But now it might be time for a brief bullback, before going much lower. Let's see if we can reload some more puts after that happens.
Thanks for playing, and to the guy who kept taking a crap all over me for me idea, maybe save your money next time and listen to the autistic trading savant rather than yourself. GG.
@Eloquent, It's possible; however, we have seen that wave 4 time has elapsed over 150% of wave 2 time, which is a rare occurance. This leads us to favor a completed movement down.
Eloquent
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@bowtrix, i have this feeling we have 1 more big leg down across the board on everything, then big up
bowtrix
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@Eloquent, I hope so. my long on stocks feels too small, but can't average up because it's not optimal.. let's see
Hahaha this fool! You made a couple ten thousand smackers!! I made couple hundred smackers. This trade isn’t over. It’s going higher, much higher! Good luck buddy! After being up 500%, now a brief pullback?! Wow hahah what am I going to do now? Anyone reading this needs to know that you can’t go up 50% without having 15-17% pullbacks. These companies are minting money, free cash flow, higher dividends, Howard revisions, the structural and fundamentals are so powerful! Stay long and you’ll outperform any other sector this year. Energy is going to $130 in the next month. Stay long!
bowtrix
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@ktaba, You are coping so hard. I bet you lost most of your profits from this dump. I bet you can't sleep at night knowing you shat all over a superior trader to you, and ended up losing big time. Apparently you are a grown adult, and yet you are even more immature than me, a 19 year old. Plus you trade worse! Imagine the embarrasment when the energy sector eventually goes down another 90% and you have to sell what was once a profit on paper for a huge loss. You also have zero trading ideas on your account, so you are not even a trader. Go and learn more before you speak. I will teach you, but it won't be cheap.
ktaba
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@bowtrix I’ve been in energy sector for over two years. Go looo at the enormous gains versus the recent pull back we’ve had in the past week. I’ve forgotten more about investing that you’ve ever learned. Yeah he been investing longer than you’ve been alive and I am doing much better than you. A tiny 20% pull back when you’ve had 500% returns? I think the autism is getting to you and you need to go take a math class. I don’t trade, I invest, and you’ll soon realize which is better in the long term as you lose your allowance and have to go back to your mommy and have her give you a few bucks because you pissed it away thinking you are a big time trader. I’ll say it again, energy is in a secular bull market and there is a supply/demand imbalance. So please go ahead and short again, please. I never said I was a trader btw. I build wealth. Not piss away a couple grand of my birthday money. I hope you take what I say seriously, you will get stomped if you keep shorting energy. Last week was just tactical profit taking. So be careful little boy!