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Started By
Message
My strategy when oil bottoms
Posted on 2/1/15 at 10:01 am
Posted on 2/1/15 at 10:01 am
Step 1. Figure out when it is. This is critical.
Step 2. Find an etf for WTI. 1x, 2x, or 3x. 4x doesn't exist so the only logical decision here is 3x
3. Buy and hold
4. Sell in 2016. Start a Coach Guidry thread to buy seven new cars, one for each day of the week, like you always dreamed.
MT - poke holes, tell me about how the 3x etf starts over at each day, how this will lead to financial ruin, make snarky comments about how ironic my name is given this thread
Step 2. Find an etf for WTI. 1x, 2x, or 3x. 4x doesn't exist so the only logical decision here is 3x
3. Buy and hold
4. Sell in 2016. Start a Coach Guidry thread to buy seven new cars, one for each day of the week, like you always dreamed.
MT - poke holes, tell me about how the 3x etf starts over at each day, how this will lead to financial ruin, make snarky comments about how ironic my name is given this thread
12
Posted on 2/1/15 at 10:19 am to wizard of smart
Drink more, post less
Posted on 2/1/15 at 11:02 am to kaaj24
If I lived in Dallazz I would drink more. But since I dont, I decline your offer
Posted on 2/1/15 at 11:05 am to wizard of smart
quote:
Figure out when it is
You and the rest of the world.
quote:
This is critical.
Duh!
quote:
make snarky comments about how ironic my name is given this thread
wizard of stupidity
Posted on 2/1/15 at 11:09 am to Odinson
Well done
Posted on 2/1/15 at 11:27 am to wizard of smart
quote:
Step 1. Figure out when it is. This is critical.
Can you let me know too?
Posted on 2/1/15 at 12:30 pm to wizard of smart
UWTI is the 3x etn. It jumped 20% Friday. I'm eyeing it up and may start building a position.
DWTI is the inverse BTW. You can make money both ways.
DWTI is the inverse BTW. You can make money both ways.
Posted on 2/1/15 at 1:55 pm to wizard of smart
No but seriously, any recommendations on investing into energy / oil field mutual funds / etfs?
Thanks
Thanks
Posted on 2/1/15 at 1:57 pm to wizard of smart
I think you are seeing bottom right now...far too many rigs being stacked, pump prices in North Texas up 20 cents a gallon the last few days, refineries will be regaining capacities and I'm guessing a trading range from $55 to $65 for the remainder of 2015...assuming the Arabs can stay within the white lines, which I doubt they can
Posted on 2/1/15 at 2:15 pm to wizard of smart
Rate my strategy for roulette: first, figure out where the ball is going to land next.
Posted on 2/1/15 at 2:51 pm to Cold Cous Cous
quote:
Rate my strategy for roulette: first, figure out where the ball is going to land next.
It sucks
Is the game played in unstable nations? Will OPEC cut routlette table production? Are there any alternative games? Does anyone know what Im talking about anymore? Are the odds of oil going up 37-1?
Posted on 2/1/15 at 2:58 pm to wizard of smart
Step 1 got an audible chuckle on the second sentence.
Posted on 2/1/15 at 8:20 pm to wizard of smart
Sounds like a solid strategy. Oil will go back up. I wouldn't try to guess the bottom. Start building a position. If you don't invest more than 20 or 25% at once, then finding the bottom isn't that important.
Posted on 2/1/15 at 9:21 pm to wizard of smart
quote:
Step 1. Figure out when it is. This is critical.
Good one. Please don't forget to let us know when.
Posted on 2/1/15 at 9:23 pm to wfallstiger
I think it goes lower, into the low 30's before it goes higher, but I don't know.
Posted on 2/1/15 at 10:03 pm to TigerDeBaiter
I was surprised at the amount of wells that require >$40 to maintain production.
Posted on 2/2/15 at 9:49 am to C
With the amount of wells being currently stacked all around the gulf south, Oil will have to start tickling up.
I think it will be a long slow increase with a couple hickups along the way.
I think it will be a long slow increase with a couple hickups along the way.
Posted on 2/2/15 at 10:12 am to Spec1
are you talking about stacking rigs or shutting in well?
Posted on 2/2/15 at 10:55 am to arcalades
quote:
Sounds like a solid strategy. Oil will go back up. I wouldn't try to guess the bottom. Start building a position. If you don't invest more than 20 or 25% at once, then finding the bottom isn't that important.
Been loading up on UWTI for a few weeks now. Been lucky so far timing the swings but waiting on a big rise whenever that may be.
Posted on 2/2/15 at 12:16 pm to cave canem
I've got a similar strategy with natural gas using UGAZ and DGAZ.
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