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Message
re: BOIL has become predictable
Posted on 4/30/15 at 6:14 pm to slackster
Posted on 4/30/15 at 6:14 pm to slackster
quote:
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?
I have no logical reason, over the past few months it has bounced around 2. when it goes below 2 if feel relatively strongly that it will go above 2 within 1-10 days.
This is just me day trading for fun. If I lose my entire day trading account, I wont be out much and my life will not change.
1
Posted on 4/30/15 at 6:23 pm to white perch
Slackster is correct in my opinion. Leveraged etn's and etf's are for short term trades.
FWIW, I do exactly what he says and pick an average price point of forward contracts.
I'm going long natty gas soon. Likely UNG. Possibly leaps until 2017 if I can get correct pricing. Possible selling puts to collect income, and/or reduce cost of entry if shares get put to me.
FWIW, I do exactly what he says and pick an average price point of forward contracts.
I'm going long natty gas soon. Likely UNG. Possibly leaps until 2017 if I can get correct pricing. Possible selling puts to collect income, and/or reduce cost of entry if shares get put to me.
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