Clem Chambers, founder of ADVFN, joined Nick Batsford on the Tip TV Finance Show to discuss the chances of a Santa rally, whether we are near a base in the price of oil and his view on trading.
Key Points:
Chambers noted that we are in a slight bear trend at the moment, and the sideways trading will be more powerful than a possible Santa rally.
He continued that we have found a base of sorts in oil, and has prepared to go long, and increase his position if the Oil price falls further.
Chambers finished by commenting that there is no way to win or lose in trading, textbook trading doesn’t work and if often is better to go against the crowd.