if there's not some  type of terms met before Monday that wo...

• Josh Morris : @KnowledgeIsPower do you still think I should sell off my uco and hold off on uso?

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• Trader-101 楼主 Josh Morris : you don't have to necessarily sell them what you can do instead is hold your position and just pick up an inverse like the ones I just posted and they will make up the prophet that you lose on your other one that way you can afford to hold it without losing money and then when the momentum changes you sell your inverse use the profits to buy down your price and you were able to hold it without missing the pop

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• OnlyLuck Trader-101 楼主 : This is a very sound strategy in my opinion.

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• Josh Morris : @KnowledgeIsPower That's clever, but definitely hold off on USO purchase until it dips?

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• Trader-101 楼主 70027695 : to be honest with you I'm not recommending for anyone that pick up individual companies right now and the reason for that is a lot of these companies are on the brink of bankruptcy and if something doesn't change that's exactly what's going to happen what I'm recommending is ETFs or futures on oil itself me personally I'm buying contracts on futures that way it's based off the index and not just the individual company you go with a single company and it goes out of Bates business you're taking a complete loss go to ETF or future contract you have a much better chance of balancing your risk vs reward

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• Josh Morris Trader-101 楼主 : @KnowledgeIsPower Thanks as always! Your knowledge is saving me a ton of time on the learning process...

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• SmrtTrader : KnowledgeIsPower what minimums are needed for futures price wise

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• Trader-101 楼主 SmrtTrader : go into a little more detail

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• SmrtTrader : like does ur acct have to be a certain size value wise?

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• Trader-101 楼主 SmrtTrader : not that I'm aware of most of the time we do have to get permission to trade futures I know an interactive brokers you have to request permission but I don't think there's any limits

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