Showing posts with label Energy and Capitol. Show all posts
Showing posts with label Energy and Capitol. Show all posts

Tuesday, September 22, 2009

Finding the Right Oil Plays Is Easier than You Think


It's a mistake that too many people make. I'm not immune, by any means. In fact, one of the first trades I ever made proved to be an important lesson. The mistake was simple. Several years ago, I was star struck by a big name in natural gas and thought buying this company would prove a win win deal for me. A few months later, I swallowed my pride and ended up taking the big loss.

Believe me, it's a mistake I won't make again, and the good (if any) that comes from a loss is that the bad deals end up being the ones we learn from. So what has me thinking about a painful trade from the past? A reader of mine recently shared what he called, in his words, a 'hugely successful trading story.' At first, I was elated. . . I'm always in the mood to hear a good story from one of my readers. Yet the moment he told me the name of the company.....Read the entire article
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