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The Holy Grail of Macro Investing | Eric Crittenden
Forward Guidance
How to Close a Long Oil Short
The odds are, we should close this position out and not risk any more losses in that position. Beyond that, it would have to go higher or sideways for some period of time then start to make a new six-month or a nine-month high. And the models would say, hey, this thing might be entering an uptrend here. It might be going on a run here. So, calibrate your risk budget. Calculate the number of contracts that you should buy and get after that and get those positions on. The same thing over and over is really quite boring. I like it that way.
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