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Started By
Message
3x Oil ETN'a are back......
Posted on 12/9/16 at 8:31 am
Posted on 12/9/16 at 8:31 am
quote:
While Credit Suisse CS, -2.08% deslisted the VelocityShares 3x Long Crude ETN US:UWTI and VelocityShares 3x Inverse Crude Oil ETN US:DWTI on Thursday, moving them to a less accessible over-the-counter market, VelocityShares said Citigroup C, -0.78% would launch two nearly identical products starting Friday: the VelocityShares 3x Long Crude Oil ETN (UWT) and VelocityShares 3x Inverse Crude Oil ETN (DWT).
Leggo
LINK
2
Posted on 12/9/16 at 8:59 am to TJG210
I did not fully understand these instruments and paid the price. Not ashamed to admit it. 
Posted on 12/9/16 at 8:59 am to TJG210
I'll pass
Posted on 12/9/16 at 9:02 am to Wade Phillips
Same..
Posted on 12/9/16 at 9:20 am to Wade Phillips
Likewise.
Made a mistake with zeros at the end of it.
Made a mistake with zeros at the end of it.
Posted on 12/9/16 at 9:20 am to b-rab2
To each their own, I did pretty well with the last ones.
Posted on 12/10/16 at 4:40 pm to TJG210
Posted on 12/10/16 at 9:47 pm to TJG210
What is better to gamble with if you think the price of oil is going up? UWT or DWT?
Posted on 12/10/16 at 9:56 pm to crazycubes
Uwt is for up, Dwt down
Posted on 12/10/16 at 10:12 pm to crazycubes
If the fed raises rates like I am hoping, I can get out of my gold bear etf. May take some some of that and stay on the crazy path and mess with this put oil is more of a crap shoot than gold is. I am still looking for it to tank at least one more time.
Posted on 12/10/16 at 10:48 pm to GREENHEAD22
Gh, I know it's a crap shoot and I'll probably re-evaluate after I likely take profits on Monday. But it seems like lately there have been a lot of market catalysts that have been relatively easy to take advantage of. If the fed raises rates and oil drops on that as expected, I'll likely jump back in.
Posted on 12/10/16 at 11:00 pm to TJG210
Thats what im thinking, cash out on the drop in gold and throw it in oil assuming it drops.
Posted on 12/11/16 at 8:37 am to GREENHEAD22
The notes scare me. Also I hate the slippage in these instruments from rolling.
Posted on 12/11/16 at 11:23 am to bovine1
Yeah, the decay (I think I am using the word appropriately here) is alarming.
Posted on 12/11/16 at 11:07 pm to LSUtoOmaha
If you actively watch and trade, it's not much of an issue.
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