Last year we saw lots of people pile into popular growth stocks while they were very high. There was inevitably a big sell off and now it’s a common refrain how much money people have lost or negative positions they were holding on stock darlings from early 2021. Be careful everyone because the recent interest in oil looks like it might have similar results. So many people are suddenly asking about oil and looking to start positions while it is very high. Remember that this is a volatile space and timing will be crucial. As more and more people pile in seeing quick opportunity, the risk of holding becomes greater and everyone should have their exit strategies ready
Leave a Reply