Down over 8% yesterday, and a slight recovery today. So essentially a month long crash, then a sudden rebound, now it's back on the floor. What on earth can we expect from oil over the next 2 weeks?
That is a good question and the person that knows the answer to that can make a lot of money in the times to come. The fact is that it's more volatile than ever, so it's hard to predict.
I believe the rally was the biggest 1 day rise since mid 2009, and the fall was the largest since mid 2008.
This volatility is really making me want to day trade. So many great opportunities but obviously also very risky, too bad the capital required for any significant gains would take a huge bite out of my portfolio so I'm not willing to risk that much.
Yes, that is the big question about day trade, huge rewards associated with huge risks too, you might make a lot of money or lose it all... Good luck though!
Well I did start yesterday! Though with small amounts, not enough to earn a living with but this is for the fun just as much as it's for the cash. Managed to profit a bit but again... would have needed to trade with 20k instead of 2k to make any real money.