For a long while now I have been advocating to “buy the dips in everything,” and I still stand firmly behind that call.
Buying the dips has worked for us all as a core piece of our strategy for years! And IMO it will continue to work until the drivers/dynamics of this market change.
Today I got a message from a fellow trader who was asking for my help after he suffered a massive loss shorting crude…
Lions and friends… please do not short this market, or crude.
As I have been saying multiple times as of late…. WE WILL NOT DEVIATE FROM OUR STRATEGY!
Its when you try to get fancy with the market that serious losses can and WILL occur.
GM
Do NOT short crude during hyper inflation... duh!
I am very unpopular and I endorse this message!!!!!!!!!