Previously, I said that shorting oil was because the ceiling was very low, and some friends argued with me about it, but that should be over now. In fact, over the past week, I had many opportunities to close positions profitably, even more than 10% if counted over the weekend, but I was so busy that I forgot to check, and for me, shorting oil is a high-certainty thing, so I got a bit lazy.
Actually, when I saw Iran attacking the U.S. protecting the tanker yesterday, I thought I should close my position, but by the time I thought of it, I was already at a loss, so I was too lazy to close it. Then by morning, I was on a roller coaster ride; I've been on this roller coaster four or five times recently, which is really not a good thing. If it weren't for the low funding rates recently, it would have been painful.
Previously, I had set my buy orders at WTI $89 and Brent $95, and I really haven't looked at them for a long time; I'm a bit rusty. I'm planning to adjust a bit: set WTI to buy more at $87 and Brent at $92.5, and if there's a chance to go back underwater this time and profits exceed funding rates, I might take a profit first. It feels like there’s still something brewing between the U.S. and Iran.
I'm a bit tired of riding roller coasters too many times. 😂😂 From now on, I really can't open positions when I'm out; it always gets overwhelming. Especially since I don't take my trading app on my phone when I go out, which makes it impossible to act on any opportunities. I can only trade when I get home.
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