re: BOIL has become predictable

quote:

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If it gets back to 2 I'll definitely get back in

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I know I've come into this thread and spoiled the fun before, but I just don't understand this line of thinking with a 3x leveraged ETF.

History has shown us that UGAZ will go below 2 in the future and will keep on going lower eventually. Why is $2 your arbitrary point?

You'd be much better served to pick a jump in point based on the spot price of NG. For instance, "if NG gets to $2.50 spot, I'll jump back in, regardless of the price of UGAZ. "

This is the 2 year chart on UNG, UGAZ, and DGAZ:



UNG down ~38.5%, UGAZ down 92%, and DGAZ down 35%.

You want a virtually guaranteed way to make money? Find a brokerage firm that would let you short both UGAZ and DGAZ. Easy money.