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Started By
Message
re: BOIL has become predictable
Posted on 8/28/15 at 10:11 am to white perch
Posted on 8/28/15 at 10:11 am to white perch
Perch, don't take this as trying to "educate" you or talk down to you, as I really don't know what the frick I'm talking about, but just as a casual observer I think the strategy you were employing had one major flaw.
You were very good in taking small profits, BUT you didn't seem to have a rule for taking losses. Most seasoned traders will tell you learn how to cut your losers short and let your winners run.
When fricking with very volatile stocks that can make huge moves, 100 small good decisions can be negated by one large bad decision.
I'm a beginner myself and all of this is a learning process. Just an outside observation.
You were very good in taking small profits, BUT you didn't seem to have a rule for taking losses. Most seasoned traders will tell you learn how to cut your losers short and let your winners run.
When fricking with very volatile stocks that can make huge moves, 100 small good decisions can be negated by one large bad decision.
I'm a beginner myself and all of this is a learning process. Just an outside observation.
1
Posted on 8/28/15 at 10:25 am to rintintin
quote:
When fricking with very volatile stocks that can make huge moves, 100 small good decisions can be negated by one large bad decision.
This is what I did.
And you're right. I had no rule about taking losses. I do now.
Anybody, please feel free to educate me. I appreciate all input.
This is my education period. I don't have much money in this. I started out with $100, got up to $170, and now I'm back to $101.
This is fun.
I invest real money with vanguard and Schwab.
Posted on 8/28/15 at 12:18 pm to white perch
Your mistake perch was selling and buying in bulk early. You bought too much uwti to high....when playing these etfs I set small buys like 1000 per in increments....
I bought uwti at 1.69 1.29 .76 cents today I'm even since the collapse with 10k shares. @ .76 cents for same investment as 1.69 I cut its price in half
I bought uwti at 1.69 1.29 .76 cents today I'm even since the collapse with 10k shares. @ .76 cents for same investment as 1.69 I cut its price in half
This post was edited on 8/28/15 at 12:21 pm
Posted on 8/28/15 at 12:21 pm to L S Usetheforce
quote:
L S Usetheforce
Sounds smart and effective.
Thank you
Posted on 8/28/15 at 12:22 pm to L S Usetheforce
I just sold my wife's uwti bought 40000 shares @ .76 cents sold at 1.20.....she is done for the year with high risk. 
everything she has stays in mutual funds otherwise but that one hit covers her fund now in case of collapse.
everything she has stays in mutual funds otherwise but that one hit covers her fund now in case of collapse.This post was edited on 8/28/15 at 12:23 pm
Posted on 8/28/15 at 12:48 pm to L S Usetheforce
Yeah, my retirement money goes to vanguard mutual funds. I have an account with Schwab where I invest in old man blue chips with good dividends either directly or with etfs. SCHD is my dividend etf. I plan on slowly buying these throughout my life and never selling. They'll get passed on to the kids. With robinhood though, I can pretty much trade for free so I said what the hell. I can get in and learn my lessons for cheap. Here I am, much smarter than a few months ago and I've lost nothing. It is stressful though. I know it's just pennies (sometimes literally), but trading stresses me out. When I sold all my uwti for a big loss, I was nauseous. And now watching it climb like it has the last 3 days. I'm kicking myself.
Posted on 9/1/15 at 9:54 pm to white perch
Time to ride DWTI back up to $200.
Posted on 9/2/15 at 1:04 pm to Grits N Shrimp
Just bought some UGAZ at 1.63. I'm in UGAZ at an average price of 1.76 now.
Posted on 9/10/15 at 8:18 am to white perch
Even with the reverse split my old ugaz position would still be 30% in the red 
Posted on 9/10/15 at 9:23 am to sneakytiger
Yeah, my 59 shares of UGAZ got reduced down to 11. Does anyone know what robinhood does with fractional shares after a reverse split?
Posted on 9/10/15 at 9:42 am to white perch
I suppose the split is good for UGAZ holders. x * $8 > x * $1.60
Posted on 9/10/15 at 10:16 am to sneakytiger
well, I guess it was a 5:1 reverse split, I don't know what happened to my other 4 shares (I had 59 shares, now I have 11 after the 5:1 split with 4 shares left over). I've emailed robinhood and I'm still waiting to hear back from them.
I did sell my 11 UGAZ shares this morning for a 1.52% gain even without the 4 other shares.
As soon as I hear back from robinhood I'll let y'all know what happened.
I did sell my 11 UGAZ shares this morning for a 1.52% gain even without the 4 other shares.
As soon as I hear back from robinhood I'll let y'all know what happened.
Posted on 9/10/15 at 10:45 am to white perch
Was it not converted to cash?
Posted on 9/12/15 at 6:58 am to white perch
You should get a check. I think i read that somewhere
Posted on 9/13/15 at 4:20 pm to white perch
quote:
And you're right. I had no rule about taking losses. I do now.
You're talking about trading, not investing, right? Is it a particular percentage loss that determines when you hit the sell button? If it doesn't work out, don't take it personally. Hit it & quit it. Move on. Never get emotionally attached to ANY company or stock. Here are some tradeables (mostly "MOMO" stocks) that I've been in over the past two or three years: SCTY, BBRY, BABA, TWTR, GPRO. I made money in all of them. But once I started losing money in them, I didn't try to catch falling knives or refuse to accept that it was time to leave the party. I just took the hit and moved on - and good thing I did (talk about a rogues gallery of flea bitten dogs now). The money that I could have plowed into doubling down (a classic money losing TRADING strategy, much of the time), went to stocks that had some game and (hopefully) some gains.
Anyway, it sounds like you're beginning to develop some trading rules and money management techniques.
Posted on 9/13/15 at 5:12 pm to Jag_Warrior
quote:
You're talking about trading, not investing, right?
Yes
I invest money into tax sheltered retirement accounts.
I trade with a very small of money,
Posted on 9/14/15 at 2:26 pm to white perch
quote:
Hi, UGAZ performed a 1 for 5 reverse split. This means that customers would receive one share for every ten shares they held in their account on the previous day. Fractional shares resulting from the split will be paid as cash at a later date, typically up to a few weeks after the effective split date (09/10). You may find more information about reverse splits here: LINK Sincerely, The Robinhood Team
Here is their response. I think they misspoke in there somewhere.
This post was edited on 9/14/15 at 4:53 pm
Posted on 9/17/15 at 2:59 pm to white perch
Just bought some ugaz at 8.07
Posted on 10/27/15 at 7:14 am to white perch
Bump...
Nat gas drops below $2.
Nat gas drops below $2.
Posted on 10/27/15 at 7:40 am to jlu03
ouch
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