On Friday morning, i shorted the oil. I did that mainly because the chart showed very poor on oil.
After that, i visited the Wenxuecity.com, and found that many people are looking down on the oil. Not only that, the CNBC and BNN are quite bearish on the oil too. Then i started to feel bad about my decision.
This morning 10:30am, i covered my short and left the market. There is no chart signal to show that oil is in the bottom now, most likely, the oil is still going down. But while so many people are bearish, it is quite danger for me to hold the short position.
I may be wrong
After that, i visited the Wenxuecity.com, and found that many people are looking down on the oil. Not only that, the CNBC and BNN are quite bearish on the oil too. Then i started to feel bad about my decision.
This morning 10:30am, i covered my short and left the market. There is no chart signal to show that oil is in the bottom now, most likely, the oil is still going down. But while so many people are bearish, it is quite danger for me to hold the short position.
I may be wrong
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