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re: BOIL has become predictable

Posted on 8/10/15 at 3:34 pm to
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/10/15 at 3:34 pm to
UWTI up 6.56% today and I heard several references to the floor on oil prices on the news today

there might be a snowball's change in hell that UWTI gets back up to 2.33

Posted by Bucktail1
Member since Feb 2015
3428 posts
Posted on 8/10/15 at 5:09 pm to
I'm in at $2.54!!
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10600 posts
Posted on 8/11/15 at 8:01 am to
Bump partially due to refinery outage.
Posted by sneakytiger
Member since Oct 2007
2496 posts
Posted on 8/12/15 at 9:34 am to
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/12/15 at 12:28 pm to
Bought some DGAZ today at 5.00.

Still holding UWTI at 2.33, prolly gonna hold till it either dies out or rebounds

Again, this is play money for me, an educational adventure

I think I'm in the process right now of learning a lesson
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/13/15 at 10:13 am to
bought DGAZ at 5.00

sold DGAZ at 5.25

profit of 5.0%
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/18/15 at 1:41 pm to
bought UGAZ at 1.83

Posted by Bucktail1
Member since Feb 2015
3428 posts
Posted on 8/18/15 at 6:08 pm to
We'll never get our UWTI money back!
Posted by jlu03
San Diego
Member since Jul 2012
3354 posts
Posted on 8/19/15 at 6:20 am to
bought UGAZ @ 1.80 yesterday. Will sell around 2.10.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/19/15 at 10:45 am to
Just sold all my UWTI for a 70 something % loss.

frick

Lesson learned, falling knives and all
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
647 posts
Posted on 8/19/15 at 11:14 am to
Why?
Posted by L S Usetheforce
Member since Jun 2004
23222 posts
Posted on 8/19/15 at 11:29 am to
quote:

UWTI for a 70 something % loss


bro you think gas is gonna hold @ 41 on a barrel forever?
This post was edited on 8/19/15 at 11:30 am
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/19/15 at 11:34 am to
So I'd have more money to trade UGAZ with. This is a play account for me. I don't really want to put more money into it. I'd rather put that money into my investment accounts. I thought about just putting more money into this account and let my UWTI shares do whatever they were going to do but that would go against my original plan of not putting more money in until I felt more comfortable as a trader. Right now I'm an investor and vanguard gets the lion's share of my money.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/19/15 at 11:38 am to
quote:

41 a barrel


No, I don't. But I'm gonna wait until it has about 2 weeks of gains before I start putting money back in. Plus, who knows how low it'll go before it turns around. I might be able to buy back in at 0.50.

Of course, now that I've sold and locked in my losses, it'll skyrocket tomorrow.
Posted by Bucktail1
Member since Feb 2015
3428 posts
Posted on 8/19/15 at 11:49 am to
I'm holding out, not selling!
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
647 posts
Posted on 8/19/15 at 12:10 pm to
I'll double down if it hits $0.50

ETA: *when
This post was edited on 8/19/15 at 12:11 pm
Posted by sneakytiger
Member since Oct 2007
2496 posts
Posted on 8/20/15 at 10:11 am to
Took a bite on some itm Jan 17 UNG calls this morning. The GAZ's are dead to me.
This post was edited on 8/20/15 at 10:12 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10600 posts
Posted on 8/20/15 at 3:15 pm to
Smarter move. Options on a non levered fund. Still subject to contango and backwardation, but UNG options would be (are) how I play natural gas. A maximum loss certain this way.

I think January 2017 right now is a fairly safe bet. Depends how much you pay for time premium.
Posted by sneakytiger
Member since Oct 2007
2496 posts
Posted on 8/28/15 at 8:30 am to
Perch, where do you sit as of today, total dollar and % gains? Not trying to bust chops, just genuinely curious. You're probably still leading the pack in this entire thread in % terms.

eta: cannot type for shite on my phone
This post was edited on 8/28/15 at 9:10 am
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7560 posts
Posted on 8/28/15 at 9:08 am to
I'm not leading the pack anymore

I was up 70%, made a huge gamble on uwti as the knife fell. Now I'm up only 1.75% ytd

But, I leaned a lesson and I'm refining my method. I'm in ugaz right now at 1.83. If uwti starts to increase in a steady manner I may jump back in, but right now I'm still licking my wounds

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