Oil company stocks to buy?

Discussion in 'Stock Market Forum' started by Mr.RC, Nov 28, 2014.

  1. petesede

    petesede Guest

    Joined:
    Dec 2014
    Posts:
    991
    Likes Received:
    2
    I will be selling out of my position in NAT this week probably. It is up 30% since I bought it 2 months ago ( you guys should have listened). I have been watching the stuff with Iran. If Iran comes back into world production, it will push the price of oil lower, which isn´t necessarily a bad thing for NAT since they make a lot of money storing oil offshore. The problem is that Iran owns their own tankers, so it will immediately be competition.
     
  2. crimsonghost747

    crimsonghost747 Senior Investor

    Joined:
    Mar 2014
    Posts:
    1,722
    Likes Received:
    6
    That is indeed a pretty damn good trade. 30% in 2 months... congratulations!
     
  3. May102014

    May102014 Well-Known Member

    Joined:
    Jun 2014
    Posts:
    115
    Likes Received:
    0
    I would consider Oil Company stock is most trusted and profitable to buy stocks because demand of purchasing oil is always out there. Unbeatable and Sustainable. Even though, the stock is winding down and up but it won't affect to the market since consumers will force to buy it for their daily usage.
     
    Last edited by a moderator: Jul 8, 2016
  4. Mr.RC

    Mr.RC Member

    Joined:
    Aug 2014
    Posts:
    20
    Likes Received:
    0
    Awesome! Thank you all for your input. Really helped!

    Sincerely,

    Mr.RC
     
  5. greet

    greet Member

    Joined:
    Apr 2015
    Posts:
    7
    Likes Received:
    0
    Hi all i am from India, and a professional trader as well. just want to share my views, that no its not a good idea to invest in Oil stocks right now. They are in larger down trend. Dont think or assume that what goes down will come up some day, if something in downtrend, then it can tke years for it to come back up in uptrend again. So wasting your time in an oil stock for 1 or 2 years is not worth it. best is go with those sectors which are right there in momentum, solar energy sector or Autp and Auto Ancillary, Food or stocks with consumption story etc etc

    Anyways can anyone tell me how can i start my own thread, i have own website also. i am a mentor and taught lots of newbies about my methods, if i can mke my own thread here, then whenever i get time i can teach here as well. I am passionate about trading and this is my first interaction on a global forum.
     
  6. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    Welcome greet. There is a green button up near the top of the page above the top threads on the left in each forum that says "start new thread" in white letters.

    Personally, I have never been much of a chartist in my 21 years of investing. Other than using them to determine entry and exit points for the occasional shortterm trade I'll do with a limited amount of money, I invest on fundamentals.

    I have been slowly buying back into some of my favorite energy / oil company stocks in the last several months after greatly reducing my energy exposure in early Oct of last year and piling on more put options. CLR is up roughly 30% YTD, and FANG is up ~ 35%. But I'm big on diversification, dollar cost averaging, and other forms of risk management.
     
  7. AtlantaSports

    AtlantaSports Senior Investor

    Joined:
    Feb 2015
    Posts:
    641
    Likes Received:
    2
    Wow, you are getting a great deal out of that. Good job man!
     
  8. greet

    greet Member

    Joined:
    Apr 2015
    Posts:
    7
    Likes Received:
    0
    Cool, u got lots of experience of being an investor and others financial markets as well, i guess investing is for people who either have some other profession in life from where they get regular income to run there day to day expenses or its for those who are born rich, so i was neither of them, i opted for positional trading as a profession at the age of 18, and now i am 29 and a self made millionaire by positional trading only. its my profession and my bread and butter, if i had million of dollars, then naturally i wld hve opted for investing and Made a hold of sexy stocks for long long tme *smile* but anyways thanks for yur reply my friend. nice to know about u

    i just want to start a thread for a newbie, where i will teach them A to Z from start, about candles. patterns, movng avrges, Horizontal lines, discipline etc etc. and how to mke this as your profession where u can be a professional positional trader and earn a v good comfortable lvng, if u hve passion for this business then no one can stop for reaching towards the richness. I had no mentor and i learnd everythng on my own, wasted 3 to 4 years in start on lots of research and losses and then finally got discipline, hvng a never gve up attitude mkes u win some day and i have always ran after excellence not after success, when u get excellence, then success comes to u on its own, so now In India, i am already teaching on my website but saw this web and thought why not pass on my methods to newbies who are struggling to fin that edge but they dnt know, that there is no edge or magic wand, only thing is simple method, price action and discipline.

    Positional trading is not day trading, its a small time frame trading. where we buy stocks for a certain period of time with full planning of exits in advance, and get around 20 to 30 percent returns in around 3 months max.

    So i wnt little help from u, is there any website which provides american stock candle charts for free, which i have to post during teaching here. Wthout charts its gonna be tough. then i hve to use Indian stocks candles but method is same all over world
     
    Last edited: Apr 15, 2015
  9. petesede

    petesede Guest

    Joined:
    Dec 2014
    Posts:
    991
    Likes Received:
    2
    I am the same way. I think it is all smoke and mirrors. For every chart you want to draw a certain way, there are 5 endings. There are definitely resistance points and you can play something between those points, but other than that, a chart can be made to look anyway you want to make it look.
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    I'd be very interested in reading more about your journey and your methods.

    I commend you for doing so well over many years. Most people who I come across who say they're traders or that they're into technical analysis or whatever usually don't have a track record they can reference. They can't or won't say how long they've done it or how well they have done. That's awesome that you've done so well.

    Do you have a separate account outside of your trading account that you use for living expenses, taxes, etc? Or is it all pooled together?

    I've almost always been one to try to earn as much as possible while young and healthy, keep income dollars and investment dollars separate, live relatively frugally, and invest as much as possible as often as possible. I got into the securities industry some 11 years ago after having a good decade of investing my own money under my belt.

    Did a little day trading for a while many years ago myself.

    I'd definitely be interested in learning about how you've done so well by trading fulltime starting from very little.



     

Share This Page