Coming into today, there were numerous reasons to not be short oil.
- This is most bullish seasonal period of the year
- Never short a dull market
- Energy stocks have shown relative strength over the past week
What happened next? Oil had it’s worst day since 2015, dropping 5%.
You just have to trade price. All of these reasons to not be short were just EXCUSES to not be on the right side of the market.
Markets are tough. We have to be tough.
Trade ’em well