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Started By
Message
re: BOIL has become predictable
Posted on 2/20/15 at 7:41 am to white perch
Posted on 2/20/15 at 7:41 am to white perch
Damn, UGAZ on fire in premarket this morning
3
Posted on 2/20/15 at 7:45 am to white perch
How are you monitoring premarket trades?
Posted on 2/20/15 at 7:49 am to dkreller
Investing.com app and the Nasdaq website
Posted on 2/20/15 at 8:17 am to white perch
Finally selling the rest of my UGAZ this morning. I bought into energy on the way down back in November and December, after the first dip stabilized for a week or two. First time in the market, learned a valuable lesson of don't try and catch a falling knife. Luckily it was only a small position. I'm taking what's left of my UGAZ and dumping into DGAZ and hopefully turning a quick profit. Guess i didn't learn 
Posted on 2/20/15 at 8:25 am to white perch
Picked up 2100 shares of UGAZ right before close yesterday. 
May sell on the open.
May sell on the open.
Posted on 2/20/15 at 8:29 am to jlu03
I might buy some UGAZ this morning, ride it up a few %, then sell it and buy some DGAZ
Posted on 2/20/15 at 8:34 am to white perch
NG prices keep creeping after every update.
Is it possible we break $3 today??
Currently 2.982
Is it possible we break $3 today??
Currently 2.982
This post was edited on 2/20/15 at 8:38 am
Posted on 2/20/15 at 8:38 am to jlu03
I still have my UGAZ shares dollar cost averaged at $8.05/sh from back in December. Anybody have any ideas of what natty gas prices would need to be to get UGAZ back to $8 or am I just forever screwed here?
Posted on 2/20/15 at 8:44 am to Crbello4Hiceman
quote:
Crbello4Hiceman
Just above $4 but it depends on other factors.
This post was edited on 2/20/15 at 8:45 am
Posted on 2/20/15 at 8:45 am to PetroAg
quote:
I'm taking what's left of my UGAZ and dumping into DGAZ and hopefully turning a quick profit. Guess i didn't learn ?
I'm not so sure I'd do that quite yet, unless in "quick profit" you mean a day or 2. NG is on a bullish track right now. When it breaks that trend I'll sell, but it looks pretty strong right now.
Posted on 2/20/15 at 8:59 am to Crbello4Hiceman
quote:
Anybody have any ideas of what natty gas prices would need to be to get UGAZ back to $8 or am I just forever screwed here
Natural gas prices could get back to $4 and your UGAZ could actually be worth less than it is today. Crazy huh?
Most guys in this thread have no clue how UGAZ/DGAZ work and should probably stay out of them. 3x leveraged ETFs are meant for daily positions only. If you hold them for any prolonged period of time, you may find yourself in a world of hurt.
Look at the charts for both of them YTD - DGAZ is down ~30% AND UGAZ is down 9%. That is the nature of extreme volatility and these ETFs...
Posted on 2/20/15 at 9:20 am to slackster
DGAZ
Bought at 5.65
Sold at 5.80
2.74% profit made in about 15 minutes while driving home from my real job. Time to hit the gym. Today is chest day.
Bought at 5.65
Sold at 5.80
2.74% profit made in about 15 minutes while driving home from my real job. Time to hit the gym. Today is chest day.
Posted on 2/20/15 at 9:23 am to jlu03
jlu03, you holding out or selling?
Posted on 2/20/15 at 9:24 am to white perch
quote:
Time to hit the gym. Today is chest day.
Bro, everyday is chest day.
Posted on 2/20/15 at 9:32 am to slackster
quote:
Most guys in this thread have no clue how UGAZ/DGAZ work and should probably stay out of them. 3x leveraged ETFs are meant for daily positions only. If you hold them for any prolonged period of time, you may find yourself in a world of hurt.
while you're putting it a little harshly, you're correct...natural gas prices and these instruments are not even closely correlated over time.
based on quite a bit of reading I've done, I'm not certain anyone really fully understands them
Posted on 2/20/15 at 9:48 am to Ole War Skule
I'm liking UGAZ this a.m.
Posted on 2/20/15 at 9:56 am to slackster
So if I buy UGAZ at $3 and it goes to $20 in a year am I not making over 5x profit when I sell?
Eta why can't it be a long term investment?
Eta why can't it be a long term investment?
This post was edited on 2/20/15 at 9:57 am
Posted on 2/20/15 at 10:01 am to dkreller
Deterioration risk and being leveraged 3x
Posted on 2/20/15 at 10:04 am to PetroAg
Smaller gambles are ok long term. I don't have any idea how much you u guiz are putting into UGAZ to flip in and out of it daily to make it worthwhile.
Posted on 2/20/15 at 10:08 am to slackster
quote:
Most guys in this thread have no clue how UGAZ/DGAZ work and should probably stay out of them. 3x leveraged ETFs are meant for daily positions only. If you hold them for any prolonged period of time, you may find yourself in a world of hurt.
This topic has come up numerous times in the history of this thread, so most posters that have been here awhile are fully aware the rsiks that are involved with these leveraged etf's. Many have been bitten hard by it too. But yes I agree, some of the newcomers need to study what these etf's actually are and how they work before jumping in. You should be prepared to lose large amounts of money messing with a 3x leveraged etf.
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