The oil rise just got confirmation.. I am riding this oil wave all the way to 70 dollars a barrel.
Some good plays ..
UWTI
And shorting the USD/CAD..
And buying NUGT..
took awhile for the burst , but it is here .. We might bounce around a little . but there is no doubt this last Friday with a 4 dollar bump is a signal it is time to go .. Ride the wave into the summer and make some good cake.. The Dow is toast and the big money is running in the oil markets for a good ride to the top... GL
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To remove first post, remove entire topic.
The oil rise just got confirmation.. I am riding this oil wave all the way to 70 dollars a barrel.
Some good plays ..
UWTI
And shorting the USD/CAD..
And buying NUGT..
took awhile for the burst , but it is here .. We might bounce around a little . but there is no doubt this last Friday with a 4 dollar bump is a signal it is time to go .. Ride the wave into the summer and make some good cake.. The Dow is toast and the big money is running in the oil markets for a good ride to the top... GL
Added 1000 more shares UWTI , and buying Cad/Jpy right here @ 93.233 stop below. 91246.. Half lot. .
Also added half lot on USD/CAD @ 125. 826 stop above 128.738 half lot...
ready to ride this wave to the top...
once these show their true colors come tuesday night into Weds will be topping them off the next half lot and riding them into the sunset.. This is a late Christmas present to covers.. GL..
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Added 1000 more shares UWTI , and buying Cad/Jpy right here @ 93.233 stop below. 91246.. Half lot. .
Also added half lot on USD/CAD @ 125. 826 stop above 128.738 half lot...
ready to ride this wave to the top...
once these show their true colors come tuesday night into Weds will be topping them off the next half lot and riding them into the sunset.. This is a late Christmas present to covers.. GL..
Anything else? I'm already in a bunch of UWTI @2.75 and 2.93.
Also in the following last week:
* UCO
* OAS
* OIL
* PBR
* NBR
Everything looks like a bargain right now.
I had the oil spike pinned to weeks ago, when Obama went on TV via midday press conference and talked about invading Iran.. All he did was mention oil and gold .. that is all i needed to hear .. That is what they call verbal intervention to drive price up of a given market.. that was 2 week ago ., and i have the post somewhere on covers to prove it .. real market watchers knew what that press conference was all about .. Do drive the price of oil and get everyone out of shorts and go into longs.. Hence the run up in oil now ..
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Quote Originally Posted by hoch0ming:
Anything else? I'm already in a bunch of UWTI @2.75 and 2.93.
Also in the following last week:
* UCO
* OAS
* OIL
* PBR
* NBR
Everything looks like a bargain right now.
I had the oil spike pinned to weeks ago, when Obama went on TV via midday press conference and talked about invading Iran.. All he did was mention oil and gold .. that is all i needed to hear .. That is what they call verbal intervention to drive price up of a given market.. that was 2 week ago ., and i have the post somewhere on covers to prove it .. real market watchers knew what that press conference was all about .. Do drive the price of oil and get everyone out of shorts and go into longs.. Hence the run up in oil now ..
Hello Knox and board; I appreciate the tips and feedback!
Knox...As far as index trading, I'm new to it and tailed your NUGT and UWTI picks. I got NUGT when it was 20 and UWTI when it was 2.85, so overall I'm down about 5 percent, because I have a greater position in UWTI. From what I've been noticing is that they have been cancelling each other out. When gold has been going down, oil has been going up and vice versa and they have been washing each other out. DO you day trade these or do you keep these stocks long-term and use as protection against market volatility? Any tips on index trading? The swings in this index are kind of wild, but I'm getting used to it. It's like switching from Poker to Roulette! :) Thanks for your time and contribution to this forum and any feedback is greatly appreciated. Good Luck!
Luke
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Hello Knox and board; I appreciate the tips and feedback!
Knox...As far as index trading, I'm new to it and tailed your NUGT and UWTI picks. I got NUGT when it was 20 and UWTI when it was 2.85, so overall I'm down about 5 percent, because I have a greater position in UWTI. From what I've been noticing is that they have been cancelling each other out. When gold has been going down, oil has been going up and vice versa and they have been washing each other out. DO you day trade these or do you keep these stocks long-term and use as protection against market volatility? Any tips on index trading? The swings in this index are kind of wild, but I'm getting used to it. It's like switching from Poker to Roulette! :) Thanks for your time and contribution to this forum and any feedback is greatly appreciated. Good Luck!
I can see with your comments you are a very novice trader.
Keep your eyes wide open the the next 60 days..
and why did you fail to mention the 2 other currency trades that are pure winners..
Also why would you say nugt is down 20% Its down 20 percent from what ?? Not from when i bought it .
I had and still have this oil run pinned just at the right time... These are not scalp trades.. I had in mind at least a 6 month hold or until I make 4 times my money . The currency trades I am holding until they reach 600 pips each..
hang tight Analist you will see a thing of beauty,, Oh and learn how to read a chart and then let me know what you see in nugt.. Then I will tell you what I see..
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Quote Originally Posted by TheAnalyst1:
down 20% in NUGT
I can see with your comments you are a very novice trader.
Keep your eyes wide open the the next 60 days..
and why did you fail to mention the 2 other currency trades that are pure winners..
Also why would you say nugt is down 20% Its down 20 percent from what ?? Not from when i bought it .
I had and still have this oil run pinned just at the right time... These are not scalp trades.. I had in mind at least a 6 month hold or until I make 4 times my money . The currency trades I am holding until they reach 600 pips each..
hang tight Analist you will see a thing of beauty,, Oh and learn how to read a chart and then let me know what you see in nugt.. Then I will tell you what I see..
Hello Knox, thanks for the reply and yes, I'm a novice trader when it comes to index trading.I wasn't trying to bash by any means of the imagination. Just tailing you, and had a few questions. After yesterday's trading day, I'm about break-even thanks to the spike in UWTI. 6 month hold...duly noted! As far as currency trading, good calls from what I'm hearing, but I have even further no clue when it comes to that beast! Thanks again for the plays and helping a newbie out! :) Cheers
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Hello Knox, thanks for the reply and yes, I'm a novice trader when it comes to index trading.I wasn't trying to bash by any means of the imagination. Just tailing you, and had a few questions. After yesterday's trading day, I'm about break-even thanks to the spike in UWTI. 6 month hold...duly noted! As far as currency trading, good calls from what I'm hearing, but I have even further no clue when it comes to that beast! Thanks again for the plays and helping a newbie out! :) Cheers
Update just went long Euro/USD @ 114.200 stop @ 13.500 looking for 115 pips.. one lot trade Greece has the ECb by the balls , and once more news come out and greece stays in the Euro , this should run real quick... enjoy the ride..
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Update just went long Euro/USD @ 114.200 stop @ 13.500 looking for 115 pips.. one lot trade Greece has the ECb by the balls , and once more news come out and greece stays in the Euro , this should run real quick... enjoy the ride..
Hello Knox, thanks for the reply and yes, I'm a novice trader when it comes to index trading.I wasn't trying to bash by any means of the imagination. Just tailing you, and had a few questions. After yesterday's trading day, I'm about break-even thanks to the spike in UWTI. 6 month hold...duly noted! As far as currency trading, good calls from what I'm hearing, but I have even further no clue when it comes to that beast! Thanks again for the plays and helping a newbie out! :) Cheers
Currency trading is something that is tough to teach.. Everyone has their own way to trade .. But I mostly use technicals, but with all the crazy stuff going on in the world ...ETC.. Greece, Oil, and the Dow getting ready for a rate cut.. I have to incorporate more of that into long term trades.. I am a scalper , I take very short term trades in the currency markets.. But I am burnt out and needed a break.. So i made some long term moves.. Long term meaning a month or so on the currencies and longer on the other stock trades I have .. ..
I am looking over some energy stocks and hope they will rebound with the oil markets... I can tell you this.. I will also be looking at technology stocks.. Obama is about to take care of his boys in siliconvalley and run this stocks up for them by talking about cyber security every 2 seconds on TV.. I will update in 24 hours or sooner..
Oh here is another long term idea.. With student loans holding down these recent grads.. Home buying will take a hit in the future. you cant buy a home at 25 -30 yrs old with 60,000 in debt. So another long term idea i am working on..
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Quote Originally Posted by TheAnalyst1:
Hello Knox, thanks for the reply and yes, I'm a novice trader when it comes to index trading.I wasn't trying to bash by any means of the imagination. Just tailing you, and had a few questions. After yesterday's trading day, I'm about break-even thanks to the spike in UWTI. 6 month hold...duly noted! As far as currency trading, good calls from what I'm hearing, but I have even further no clue when it comes to that beast! Thanks again for the plays and helping a newbie out! :) Cheers
Currency trading is something that is tough to teach.. Everyone has their own way to trade .. But I mostly use technicals, but with all the crazy stuff going on in the world ...ETC.. Greece, Oil, and the Dow getting ready for a rate cut.. I have to incorporate more of that into long term trades.. I am a scalper , I take very short term trades in the currency markets.. But I am burnt out and needed a break.. So i made some long term moves.. Long term meaning a month or so on the currencies and longer on the other stock trades I have .. ..
I am looking over some energy stocks and hope they will rebound with the oil markets... I can tell you this.. I will also be looking at technology stocks.. Obama is about to take care of his boys in siliconvalley and run this stocks up for them by talking about cyber security every 2 seconds on TV.. I will update in 24 hours or sooner..
Oh here is another long term idea.. With student loans holding down these recent grads.. Home buying will take a hit in the future. you cant buy a home at 25 -30 yrs old with 60,000 in debt. So another long term idea i am working on..
Hello Knox, thanks for the reply and yes, I'm a novice trader when it comes to index trading.I wasn't trying to bash by any means of the imagination. Just tailing you, and had a few questions. After yesterday's trading day, I'm about break-even thanks to the spike in UWTI. 6 month hold...duly noted! As far as currency trading, good calls from what I'm hearing, but I have even further no clue when it comes to that beast! Thanks again for the plays and helping a newbie out! :) Cheers
Ok brother they call this a steel pants trade.. Look up the term "steel pants trade " you will like it ..
UWTI will have to get around the 11 dollar ish area to move higher.. Once it gets around that level it will tell me what it wants do to .. if I can get 11.00 a share , I am adding more .. I am looking for a break down below 11 ish and a retest of that level from the bottom to the top.. So if it breaks 11 ish ..I dont care how far it goes down.. I just care what it does when it gets above the 11 area again... that is where I am adding.. If i see a good signal it is heading higher..
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Quote Originally Posted by TheAnalyst1:
Hello Knox, thanks for the reply and yes, I'm a novice trader when it comes to index trading.I wasn't trying to bash by any means of the imagination. Just tailing you, and had a few questions. After yesterday's trading day, I'm about break-even thanks to the spike in UWTI. 6 month hold...duly noted! As far as currency trading, good calls from what I'm hearing, but I have even further no clue when it comes to that beast! Thanks again for the plays and helping a newbie out! :) Cheers
Ok brother they call this a steel pants trade.. Look up the term "steel pants trade " you will like it ..
UWTI will have to get around the 11 dollar ish area to move higher.. Once it gets around that level it will tell me what it wants do to .. if I can get 11.00 a share , I am adding more .. I am looking for a break down below 11 ish and a retest of that level from the bottom to the top.. So if it breaks 11 ish ..I dont care how far it goes down.. I just care what it does when it gets above the 11 area again... that is where I am adding.. If i see a good signal it is heading higher..
NUGT dropping like a rock...well, you're almost at the 11 mark...I'm down huge in this one...waiting for the bounce back
Yes you will be fine.. I am getting ready to add more shares once i get some sort of look at a bottom.. And I know what I am looking for ..
Remember I said on Feb 21 Nugt will have to get to 11 ish.. Even better that it is lower. And like I said , I dont care how low it goes, I will wait for the signal to add more.. So Nugt going down was part of the scenario. When reading a chart, you have to know when the trade will go against you and where price will come back to .. If it moved from 16 and went to 10 ish .. What is to say it is not coming back to 16 again or higher ?? That is how I can spot a novice trader or a experienced trader , is when they dont understand why and how far it is going down. I know why its doing what its doing , and it will tell me when a bottom has been reached with plenty of time to get in and take advantage of it going higher, with a small stop.. I dont even have a stop on this trade,, Unless it goes to 0 , 0 is my stop .. I am going to look at gold and see where the bottom could possibly be. I will update with what I see on the spot gold chart...
Nugt is in a range , the price of gold got hit. But going on the speculation that oil will rise and gold will follow.. That is the main reason for the buy on NUGT. Any technical trader knows after a big down move you get into what is consolidation period. With means that price will go in a range.. Now that it was not a breakout heading higher , it will go from top to bottom on the chart until it breaks out again.. And hence the buying of NUGT. Now what I am looking for is a signal at the bottom of the range to add more.. And I will let you know when I see that signal..
If you think trading is a get rich quick scheme, then you are watching the Wolf Of Wall Street way to much,, It is a battle for every dime you make , and only the best make money in this game.. I will keep you posted..
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Quote Originally Posted by TheAnalyst1:
NUGT dropping like a rock...well, you're almost at the 11 mark...I'm down huge in this one...waiting for the bounce back
Yes you will be fine.. I am getting ready to add more shares once i get some sort of look at a bottom.. And I know what I am looking for ..
Remember I said on Feb 21 Nugt will have to get to 11 ish.. Even better that it is lower. And like I said , I dont care how low it goes, I will wait for the signal to add more.. So Nugt going down was part of the scenario. When reading a chart, you have to know when the trade will go against you and where price will come back to .. If it moved from 16 and went to 10 ish .. What is to say it is not coming back to 16 again or higher ?? That is how I can spot a novice trader or a experienced trader , is when they dont understand why and how far it is going down. I know why its doing what its doing , and it will tell me when a bottom has been reached with plenty of time to get in and take advantage of it going higher, with a small stop.. I dont even have a stop on this trade,, Unless it goes to 0 , 0 is my stop .. I am going to look at gold and see where the bottom could possibly be. I will update with what I see on the spot gold chart...
Nugt is in a range , the price of gold got hit. But going on the speculation that oil will rise and gold will follow.. That is the main reason for the buy on NUGT. Any technical trader knows after a big down move you get into what is consolidation period. With means that price will go in a range.. Now that it was not a breakout heading higher , it will go from top to bottom on the chart until it breaks out again.. And hence the buying of NUGT. Now what I am looking for is a signal at the bottom of the range to add more.. And I will let you know when I see that signal..
If you think trading is a get rich quick scheme, then you are watching the Wolf Of Wall Street way to much,, It is a battle for every dime you make , and only the best make money in this game.. I will keep you posted..
Knox, you need to warn people that UWTI is a 3x leveraged ETN.
Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0.
That's the mistake I made when I bought UGAZ at $8 a share based on the recommendation of this board. It has hopefully bottomed out at $2.40 for now, but I'm drowning right now.
When I originally bought it, I thought worst case scenario I could hold long term, for years until it inevitably broke even. That's not the case. If I hold it for years, it'll probably reverse split my shares so many times my shares would be worthless.
We've got a serious fracking issue right now. Oversupply, and crude oil / natural gas may not be going anywhere for a long time.
Despite the unusually cold temperatures we've had for almost 2 months, UGAZ was unable to reach much higher than it's low because the drillers are producing record amounts of NG/Oil right now.
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Knox, you need to warn people that UWTI is a 3x leveraged ETN.
Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0.
That's the mistake I made when I bought UGAZ at $8 a share based on the recommendation of this board. It has hopefully bottomed out at $2.40 for now, but I'm drowning right now.
When I originally bought it, I thought worst case scenario I could hold long term, for years until it inevitably broke even. That's not the case. If I hold it for years, it'll probably reverse split my shares so many times my shares would be worthless.
We've got a serious fracking issue right now. Oversupply, and crude oil / natural gas may not be going anywhere for a long time.
Despite the unusually cold temperatures we've had for almost 2 months, UGAZ was unable to reach much higher than it's low because the drillers are producing record amounts of NG/Oil right now.
If you had invested 40,000,000.00 MILLION into the NUGT is September 2011, which would be 100K shares, you would have 10K shares today worth a total of $9,170.00
Far be it from me to point out a bad invesment, as shorts have made millions on that fund the past 4 years. You have to WAIT for the actual turn in the economy for something like this to do anything positive. As long as the economy keeps trucking away, this will continue to fall and anyday now you can expect another R/S.
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If you had invested 40,000,000.00 MILLION into the NUGT is September 2011, which would be 100K shares, you would have 10K shares today worth a total of $9,170.00
Far be it from me to point out a bad invesment, as shorts have made millions on that fund the past 4 years. You have to WAIT for the actual turn in the economy for something like this to do anything positive. As long as the economy keeps trucking away, this will continue to fall and anyday now you can expect another R/S.
Same thing with the UWTI as it has fallen since inception via Feb. 2012 from 60 to 2.97 today. This too will probably split soon as this low price is just something they use to trigger buys. And then they bump it up and start all over again. I also thing these funds are there for the market fund managers to USE to drive down a price of a mutual fund they may offer when they buy it, before they sell it to you.
White collar crooks and they post here for all to lose. ! Just like they pound the board of YAHOO and tell you how great some stocks are, then they are gone....
Not making personal accusations as I don't any ONE person, but they dont miss any boards ! They know this site is full of Gamblers and want LOSERS, not winners. They would be here to trick you into buying something.
This one will turn once the American Frackers are out of business via the low price drivers in the middle EAST, they control the price of OIL, no one here does and as long as they produce, it will go down until the supply is dried up here, again, only because they are the only supplier left.
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Same thing with the UWTI as it has fallen since inception via Feb. 2012 from 60 to 2.97 today. This too will probably split soon as this low price is just something they use to trigger buys. And then they bump it up and start all over again. I also thing these funds are there for the market fund managers to USE to drive down a price of a mutual fund they may offer when they buy it, before they sell it to you.
White collar crooks and they post here for all to lose. ! Just like they pound the board of YAHOO and tell you how great some stocks are, then they are gone....
Not making personal accusations as I don't any ONE person, but they dont miss any boards ! They know this site is full of Gamblers and want LOSERS, not winners. They would be here to trick you into buying something.
This one will turn once the American Frackers are out of business via the low price drivers in the middle EAST, they control the price of OIL, no one here does and as long as they produce, it will go down until the supply is dried up here, again, only because they are the only supplier left.
If you do buy the UWTI and it doesnt split on you. You can maybe make money at this price... I dont understand the GOLD fund as an investment as it isn't really low in price (gold that is)... After looking at the chart of this one AGAIN, maybe bottom, doesnt mean they wont split it one time to make out on shorting it as look at the 3 month chart, down 65% that is a huge loss for anyone and they are stuck holding and a split devores all their money.
I say MAYBE a chance as it hit low 2s and went back to 4. THat was a buy and sell oppurtunity. Holding this long is BIG risky because of the threat... of R/S
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If you do buy the UWTI and it doesnt split on you. You can maybe make money at this price... I dont understand the GOLD fund as an investment as it isn't really low in price (gold that is)... After looking at the chart of this one AGAIN, maybe bottom, doesnt mean they wont split it one time to make out on shorting it as look at the 3 month chart, down 65% that is a huge loss for anyone and they are stuck holding and a split devores all their money.
I say MAYBE a chance as it hit low 2s and went back to 4. THat was a buy and sell oppurtunity. Holding this long is BIG risky because of the threat... of R/S
Knox, you need to warn people that UWTI is a 3x leveraged ETN.
Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0.
That's the mistake I made when I bought UGAZ at $8 a share based on the recommendation of this board. It has hopefully bottomed out at $2.40 for now, but I'm drowning right now.
When I originally bought it, I thought worst case scenario I could hold long term, for years until it inevitably broke even. That's not the case. If I hold it for years, it'll probably reverse split my shares so many times my shares would be worthless.
We've got a serious fracking issue right now. Oversupply, and crude oil / natural gas may not be going anywhere for a long time.
Despite the unusually cold temperatures we've had for almost 2 months, UGAZ was unable to reach much higher than it's low because the drillers are producing record amounts of NG/Oil right now.
As you see, they all just go down, up a tick, down 20%, level off, then do it again. Most as shorted all day and everyday by big fund managers that can short them. Retyail level guys like us, dont short or cant and think. WOW, Oil goes up, this must go up too. Not really as there is no PRICE of something that forces that price up. No widgets for sale, the PRICE of oil may help it either way. But actually is NOT a sure thing. THose holding it short, fund managers and big buck traders know all of this, joe Q doesnt have a clue and thinks, OK, when oil goes up, this must too....
THey knew the price of oil was coming down and started this ETF just because of it.... Continuing to tell JOE Q that it has to turn sooner or later. Joe, oil is at 60.00 a barrel, I would invest your 100K in this ETF. Today Joe has 30K left and fired that guy already. THat guy probably shorted the shares right to him making big money for his company. Then he sees JOE in the bar and tells him how sorry he is....
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Quote Originally Posted by slamspurs:
Knox, you need to warn people that UWTI is a 3x leveraged ETN.
Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0.
That's the mistake I made when I bought UGAZ at $8 a share based on the recommendation of this board. It has hopefully bottomed out at $2.40 for now, but I'm drowning right now.
When I originally bought it, I thought worst case scenario I could hold long term, for years until it inevitably broke even. That's not the case. If I hold it for years, it'll probably reverse split my shares so many times my shares would be worthless.
We've got a serious fracking issue right now. Oversupply, and crude oil / natural gas may not be going anywhere for a long time.
Despite the unusually cold temperatures we've had for almost 2 months, UGAZ was unable to reach much higher than it's low because the drillers are producing record amounts of NG/Oil right now.
As you see, they all just go down, up a tick, down 20%, level off, then do it again. Most as shorted all day and everyday by big fund managers that can short them. Retyail level guys like us, dont short or cant and think. WOW, Oil goes up, this must go up too. Not really as there is no PRICE of something that forces that price up. No widgets for sale, the PRICE of oil may help it either way. But actually is NOT a sure thing. THose holding it short, fund managers and big buck traders know all of this, joe Q doesnt have a clue and thinks, OK, when oil goes up, this must too....
THey knew the price of oil was coming down and started this ETF just because of it.... Continuing to tell JOE Q that it has to turn sooner or later. Joe, oil is at 60.00 a barrel, I would invest your 100K in this ETF. Today Joe has 30K left and fired that guy already. THat guy probably shorted the shares right to him making big money for his company. Then he sees JOE in the bar and tells him how sorry he is....
aND as soon as Natural Gas and OIL start going up, they will still be Volitile and that is what the fund is based on, not just the thought of it going up....
UGAZ is down 90.62% for the year, the Price of naturaL GAS WENT from 4.10 - 2.80 during that time. For them to match the Price of hnatural gas would have to be .40c today. As you can see, one doesnt have full control of the other. The traders do and only they short. Now, think to yourself "which way will it go" ?
But there are going to be those trying t convince you that it has to turn sooner or later.
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aND as soon as Natural Gas and OIL start going up, they will still be Volitile and that is what the fund is based on, not just the thought of it going up....
UGAZ is down 90.62% for the year, the Price of naturaL GAS WENT from 4.10 - 2.80 during that time. For them to match the Price of hnatural gas would have to be .40c today. As you can see, one doesnt have full control of the other. The traders do and only they short. Now, think to yourself "which way will it go" ?
But there are going to be those trying t convince you that it has to turn sooner or later.
"Knox, you need to warn people that UWTI is a 3x leveraged ETN.
Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0."
Finally someone that gets it.
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[Quote: Originally Posted by slamspurs]
"Knox, you need to warn people that UWTI is a 3x leveraged ETN.
Therefore, it suffers from decay every day you hold it. It is highly volatile, and meant as a day trader stock. It is possible for a leveraged ETN to go down to 0."
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