"Oil is dead"

By norok
Wizard
Updated
In investing... being early and being wrong are often indistinguishable.
Comment
It was a VERY popular meme trade after Oil went to 0
[10:33 AM]
I dont think (I know) that people don't circle back on failed trades
[10:33 AM]
If I read the comments of that video I pulled the screen cap from
[10:34 AM]
it was a congratulatory circle jerk
[10:34 AM]
Everyone was so proud to hold the opinion that fossil fuels were on the way out
[10:34 AM]
They may be right
[10:34 AM]
But being right, now, lost them money
[10:35 AM]
That's what influences me to be contrarian as a base order of thinking
[10:35 AM]
If everyone ever agrees with me... I need to change my mind
[10:36 AM]
Most people derive comfort from being in consensus... I get discomfort
Crude Oil Futures WTI (CL1!)Fundamental AnalysisOil
norok
Wizard
"Be to others the person you needed to meet 10 years ago"

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