IQ Reddit Mentions | ChartExchange

Hey so I’m boring a noob when it comes to investing and have been since 2020.
TLDR of this is I longed oil futures just before the war in December and made 6000ish dollars after taxi, a few Gs but also lost a few hairs and will be going back to long term investing for health and IQ reasons 😂
So this is my experience and why I won’t be touching futes again 😂
\- stress :
even with very high conviction that I had at the start as I seen the geopolitics unfold , the effort I had to put in to stay focused on targets , I couldn’t switch off and noticed I would be checking my phone if oil was up or down constantly , in the night , during the day , first thing I did when I woke up , and it started effecting my happiness on the daily and was impossible to put it to the back of my mind.
\- short term tweets:
The tweets and market madness are super hard to predict and time and also thinking about them sends you down a rabbit hole, I nearly sold early numerous times because of self doubt but fortunately got it done.
\- long term investing:
Unlike futes the stock market is grounded on fundamentals and is the long game which I love , parts of it are speculated for sure but… overall it feels good and patriotic to invest in my fav stocks and tech and industrials and have a nice diverse portfolio to keep me happy researching cool and posative things, I couldn’t get that from futes , it seemed very material and even the base reason for oil going up (war) it was depressing.
\- why I invested in futes in the first place:
I wanted to test my self with something new I had never done before and at the same time I wanted to hedge against any losses my portfolio was going to take, so it made logical sense, but moving forward I feel like as crazy as it was I wouldn’t want to make that a habit, and will still to 5/10 year outlooks on stocks in the NYSE and other exchanges.
\- challenges:
Me and my wife both share a trading account on Shwab, we both love investing, she has her own trades of longing oil long term to December , for me I was short term , she saw a discrepancy in the gold to oil ratio and was trading that, while I did the short term oil spike with 6 contracts, here’s how it looked roughly for me, why I highlight this is because when your working in a partnership it required that we helped to calm each other and both of us saw diffrent sides of oil going up , my wife noticed the ratios and I noticed they were undervalued late last year , and when the build up for Iran started then I thought it’s a no brainer.
I had 6x contracts
Bought 2x WTI oil @ 62$ - Sold @ 72$— December
Bought 4x WTI oil @74$ and again at 108$ ——feb
Sold 1x WTI oil @90$ —— profit 1000$
Sold 5x WTI oil @102$ —— profit 11000$
Conclusion: made some dosh , not worth the risk or stress, will go back happily to long term investing and it was fun to do it with my wife and her boyfriend 😂
Next time I would rather buy USO stock to hedge
Thanks guys hope my experience maybe helps others in some way.
I almost made a loss when oil flew up to 115/119 and I got greedy and didn’t sell and then watched it drop back down to 84/86 in March so it wasn’t a masterpiece trade at all it was more luck and being stubborn and hopeful which are never normally the reason I would go into a trade in the first place 😂😂😂
Onwards and upwards
Kind regards
Aaron

.dark-mode .CmpJD5{ color: white; background-color: #333333; border: 2px solid white; }.light-mode .CmpJD5{ color: #333333; background-color: white; border: 2px solid #333333; }IQiQIYI, Inc.stock NASDAQ ADR

IQ
iQIYI, Inc.
stock NASDAQ ADR