Summer is slowly but steadily nearing its end. It was a great opportunity for me to take a break and do some stuff I didn’t have time for during the year. I was still watching the markets, but trading much less frequently than usually. One has to keep in mind that the markets will always be here and so will the opportunities. When I was less experienced I thought that if I miss an opportunity it’s over, I will miss the train to the riches… so perhaps like the most of us I had the fear of missing out. Once you really understand that, sure we swing for the big win, the market keeps throwing opportunities at you, you get much more relaxed.
But what I wanted to say is that when you do that, when you step back a bit, you might get a fresh look or a new perspective on things. You open up to the new ideas. And this is the big win. Everyone needs to do it now and then.
Anyway, let me get to oil now. Since last summer I had been constructive on oil and energy prices in general. Read More