Memo - Walk Down Memory Lane
Lessons from a guy who went through some rough periods in the oil market.
By: Wilson
I understand some of you are new to oil. I get it. The 20% drawdown in oil is pretty surprising, given the supply-and-demand backdrop.
If this is your first rodeo in oil trading, it can be a brutal way to be introduced to how volatile the commodity is. Some of us who were unfortunate enough to have been involved with oil will tell you that this is not even in the top 5 of bad events.
With that, let me walk with you through some historical parallels and why this time is not as bad as you think.
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