After years of owning dozens of stocks, some up some down, I now only swing trade 3 or 4 with much more success. BP, RDS/A & USO. I stay on top of all oil & gas information/news I can find. EIA,IEA, Rig count, oilprice.com, Investing.com crude streaming live. I go long on large pull backs and sell on rise, immediately buy puts on same stock and ride it back down. I use margin about 10 days per month @ 2.25% interest rate. BP & RDS/A dividends are about 6%. I frequently place 80% of my buying power on 1 trade and sometimes get 2 dividends within about 100 day period. I am always judging were I think oil is going, If I get stuck and have to hold for a while I get paid 6% vs 2.25% margin cost. Am I crazy? I am approaching 2 million $ per trade. I am in a position to cover margin if called. I would like to hear from experienced traders, point out the weakness in my strategy. Stadtmueller
Submitted December 25, 2017 at 10:46AM by stadtmueller http://ift.tt/2l8QjzP
