• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 2 hours americavchina.com (otherwise known as OilPrice).
  • 1 day Everything you think you know about economics is WRONG!
  • 1 day Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 2 days Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 1 hour Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 8 hours Natural Gas
  • 5 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 2 days Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 15 hours Winter Storms Hitting Continental US
  • 1 day 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 2 days Quotes from the Widowmaker
  • 2 days Tesla Launches Faster Third Generation Supercharger
  • 4 hours My interview on PDVSA Petrocaribe and corruption
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Protecting Your Portfolio In December

Trading Screen

As the year comes to a close there begins a very different part of the year for us as traders and investors. And I’m going to take a break from the discussion of oil stocks this week to give you my perspective on this time of the year, so you can avoid the many pitfalls that year end trading action often delivers.

First, there is the vacation aspect. Many of the best capitalized traders and hedge fund managers will be going away on family holidays – and won’t be providing the kind of liquidity to the markets that they normally do the rest of the year. This, perhaps intuitively, delivers usually more volatility to the markets. And while you may think that more volatility is good for trading, in this case, unless you are at the nexus of that trade, it is instead a difficult time to be starting or managing positions wisely.

Next is the attached desire for hedge fund managers to ‘equalize’ and close out positions for accounting. This means normally using options or other hedges to ‘lock in’ gains and prepare the year-end reports for investors. It matters that 2017 has been on balance a very good year for stocks; even more equalization of share prices will be desired – making liquidity even more difficult to find.

Finally, there is the yearly difficulty of tax-loss selling – a particularly interesting phenomenon this year for energy stocks. While there are a few energy shares that have performed adequately…




Oilprice - The No. 1 Source for Oil & Energy News