Gonna be ugly tomorrow

My strategy on the entirety of the Ukraine situation was owning stocks that are leveraged plays on Oil and Gold/Silver. It's been a really, really good trade. The task here is to maximize gains knowing at some point there may be a big reversal day on news. However, there is also a better then average chance of huge upside in either area on news as well.
 
Nine_Ender said:
My strategy on the entirety of the Ukraine situation was owning stocks that are leveraged plays on Oil and Gold/Silver. It's been a really, really good trade. The task here is to maximize gains knowing at some point there may be a big reversal day on news. However, there is also a better then average chance of huge upside in either area on news as well.
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so you are buying on fundamentals. Just curious, would you be buying oil, gold, etc if the technicals weren’t good as they are, but with the war still a factor?
 
KGTrader4 said:
so you are buying on fundamentals. Just curious, would you be buying oil, gold, etc if the technicals weren’t good as they are, but with the war still a factor?
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My main Oil holdings are companies that were making huge money at $70-80 Oil never mind $125. So the idea is buy things that should be good for 1-2 more years and stickhandle around short term technicals and news best I can. The miners I'm still taking a short term approach and was mainly just day trading them until late last week. I have a few underwater holds from 2021 that I just held hoping for a rally like this to rescue them. Some stocks I just dumped at a large loss early 2021 ( eg Kinross ) when it became clear nothing good was happening.
 
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