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re: BOIL has become predictable

Posted on 2/25/15 at 10:41 am to
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 2/25/15 at 10:41 am to
Bought UWTI at 2.90, sold at 3.00 for a 3.45% profit.
Posted by saintforlife1
Member since Jul 2012
1321 posts
Posted on 2/25/15 at 12:41 pm to
How much do you trade at a time? I bought at $3 this morning and still holding at $3.10.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 2/25/15 at 1:14 pm to
My entire play money portfolio is $109.32.

I'll trade with about $25-30 a day.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/25/15 at 1:17 pm to
quote:

I'll trade with about $25-30 a day.


I pass all of my stock dealings onto my accountant so I am ignorant on the subject, but is it worth it to do this considering the paperwork at the end of the year?
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 2/25/15 at 1:27 pm to
That's one of the reasons I hire a tax professional
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 2/25/15 at 1:32 pm to
quote:

That's one of the reasons I hire a tax professional


Same here. But I do not day trade. Didn't know how that worked.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/26/15 at 7:42 am to
Strange reaction this morning. Some short term backwardation also with respect to yesterday's HH cash price increase.
Posted by rintintin
Life is Life
Member since Nov 2008
16155 posts
Posted on 2/26/15 at 8:01 am to
I don't like the looks of Ugaz this morning, it couldn't hold the trendline it's been on the last couple weeks. I have a stop in at 2.95. It hit 2.96 in premarket. It'll still be a profitable trade for me (albeit a small one), but I was hoping this bullish run would continue.

Interested to see what it'll do after the report.
This post was edited on 2/26/15 at 8:03 am
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 2/26/15 at 8:05 am to
What's the estimates for todays report??
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 2/26/15 at 8:28 am to
Sold half my UGAZ position earlier this week for a %18 return. Will buy some more if it can get below $2.90 which looks likely.
Posted by rintintin
Life is Life
Member since Nov 2008
16155 posts
Posted on 2/26/15 at 9:06 am to
quote:

What's the estimates for todays report??


I haven't seen any estimates but I'd imagine mid 200's.

I'm out, my stop got hit. Gonna reevaluate after today.
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 2/26/15 at 9:12 am to
Looks like we will be close to the highest all time weekly draw.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 2/26/15 at 9:29 am to
UGAZ

In at 2.98, out at 3.04

2.01% gain today
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 2/26/15 at 9:32 am to
Damn, apparently just in time too
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/26/15 at 9:53 am to
That was brutal, but I'm going to short more DGAZ today.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 2/26/15 at 10:00 am to
quote:

That was brutal, but I'm going to short more DGAZ today.


Does that mean you're going to buy more UGAZ?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/26/15 at 11:29 am to
No, I sold DGAZ short, and will sell more short today. I've got quite a while to cover, and am in at until the end of spring good or bad.
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 2/26/15 at 12:29 pm to
What makes you so bullish for the spring?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 2/26/15 at 1:03 pm to
I think the cash price of about $3.00 will be about correct for the end of withdrawal season. There is a ton of short interest right now. Not like 2011, or even last winter, but enough. I'm not sure were seeing it yet, but cash and April are disconnected already.

DGAZ and the shorts have overplayed their hand potentially, and I'm willing to carry the short trade betting on this. I'll pay the freight until early spring. Or longer. Or until my hand is forced, but there is enough liquidity in DGAZ where I doubt I'll be forced to do anything. If DGAZ gets to $14, I'll buy to cover and take my medicine.
This post was edited on 2/26/15 at 1:04 pm
Posted by rintintin
Life is Life
Member since Nov 2008
16155 posts
Posted on 2/26/15 at 1:16 pm to
And today my friends is why you set stop losses, whew
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