Seriously, You WILL never make it in this trading environment. for the following reasons;
1. TOOOOOOO COCKY.
2. You are Way behind the crowd(the excuse of a PhD to trade a hedge fund that was figured out at least 10 yrs ago and to my knowledge most hedgies dont hire financial guys or at the...
I believe they now stop the "crash" at unched. If the mkts are unched on the day the markets shut down for 3 days and the PPT steps in to buy everything back up to high levels..
JUST BUY doesnt matter what price it will just go higher...Market pricing in no fear. I would take loans on your credit cards,mortage your house and just buy anything...
The inception of the USO was suppose to be funded and backed by oil. The manager made a mistake on the creation units thus you a discount. A better beta ttrade is usethe basket that tracks the etf and its "messed' divisor.
Why wouldn't it. they have pushed it up to these levels without effort. If they really put some effort in it it will sail only higher. As EQT trader says" risk free buying in the indicies". Im beginning to think hes right.