OILU is a leveraged product for making (or loosing) money. I know these products are best owned for about 1 day because of price decay. However my question is should I expect to make some gains on this recent OILU investment? Oil is already rising back today by one point up after the 5 days of oil falling.
It is common knowledge that oil prices every year go down a little in April and do not see much increase until November. I am not going to hold that long on a leveraged product that has a lot of decay but I will be open to someone telling me “hold for a few day make profit and sell”.
Leave a Reply