Boiler Room: The Official Stock Market Discussion

Domingo Halliburton

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Where are you investing in oil?

Price is up to 39 today. :damn:

I shoulda jumped in at 30

Well I would buy energy companies not directly invest in oil. The problem becomes if oil starts going up a lot of these oil rigs get turned on and start pumping again putting downward pressure on prices. Its hard to say when to jump back in.

I said before id like to see a good upward trend before I jumped back in which we are seeing now, I just think it went a little too far too fast. Hard to time the market, man.
 
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I've been lurking in this thread for the past month.

I realize that I've been sleeping on this too long.:snoop:

Since then been learning the ropes, reading reports/researching trends

:salute: to ya'll who indirectly helped me gain a 15% profit.

these biotechs man :noah:
 

GunRanger

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decided my checking account was getting too big. moved 4k to betterment, and 1 to robinhood. Gonna buy some PG and maybe O. I like dividends brehs :manny:



gonna open a savings account with ally too. 1% is the highest youll find out in these streets:francis:
 

Houston911

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Well I would buy energy companies not directly invest in oil. The problem becomes if oil starts going up a lot of these oil rigs get turned on and start pumping again putting downward pressure on prices. Its hard to say when to jump back in.

I said before id like to see a good upward trend before I jumped back in which we are seeing now, I just think it went a little too far too fast. Hard to time the market, man.

What about oil futures?

At 30 a barrel the risk seemed pretty low. How much worse could the price get?
 

Domingo Halliburton

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Where can i get those options/futures?
Where can i get those options/futures?

You have to have some OKs from your broker to trade those. Do you have a margin account?

Anyways a more accessible way may be buying oil etfs. There's always USO and UWTI (DWTI for down). And you can find etfs that are double and triple leveraged.
 
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