Trade Review: SLB's 52 Week low!
$Schlumberger (SLB.US)$ I used to buy this stock for long term investment and recently it was down badly due to lower demand in Oil globally amid EV hype nowadays.
After it hit 52 week low, I guesstimated the stock could be in oversold condition due to the lower oil price and it might gradually recover for short term before earnings date. So, I did immediate deposit in one of my brokerage account and long in this stock.
After Oil price bounce back and Fed Cut rate, I am at 42% gains and closed the trade with clean cut returns.
Thanks to every youtube teacher that I watched for trading and especially myself for this particular success trade for the first time in life.
***Disclaimer: This is not a trade advisory and solely for sharing lesson learned or educational purposes only. Trading should be a part time job for fun only and it is one of the risky business that can wipe your bank account.
#SLB
#USStocks
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I am still learning about how to trade stocks becuase I lost 80% of my Capital within three years mainly on FRC bank.
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