Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (DRIP)

[ClayTrader]

* * $DRIP Video Chart 05-01-2020 * *

Link to Video - click here to watch the technical chart video

[hunterj20]

loading DRIP $11.50-12.50!!!!

[tw0122]

Out at $23.18 to close to Trump speech time

[tw0122]

In again at $22.70 for another run to $24

[tw0122]

Out at 24.00

[tw0122]

In at $22.24 for a day trade

[tw0122]

Reverse split completed trading $22 range

[sssss1]

Wish I had more money lol

[artlove]

trading drip for the first time, what is the prevailing wisdom of this, bought drip just sold for a $100 profit, should I buy again on monday until we turn to a gush environment first time poster

[NotRichYet2]

ME TOO , though the best timing sometimes flipping from one to the other can be tricky , like currently

[hunterj20]

DRIP, ready!! $7.50-8.00!!!!

[Seriousness]

Love gush and drip

[stocktrademan]

Swampdude I just use the free site only. But if you want to explore what you get if you pay them $30 a month take a look at this link. It compares the free site with the paid one. They're similar. To make a free account I just had to use an email address not give them a card or anything. If you don't want to use trendspotter or its a hassle then just look at if the macd or ppo is above 0 value for bullish stocks. Ihub's free graphs do the macd indicator so there's really no reason to need to go anywhere also.

Might have to copy and paste this into a new browser window, sometimes links don't work from messages here.

https://www.barchart.com/my/barchart-premier

[Swampdude]

Hello ST,

I was looking on trendspotters site and don't see what they charge for their services and seems that I have to sign up for the 30 day trail just to find out. It seems that you use it and will you please share that cost info?

TIA,

SD

[stocktrademan]

Stocktrademan

Thanks - looks like Drip is a buy except still below 200 day and weekly below the the Ichimoku red. But blue is above red the way you put it - so that's buy and hold is it.?

I am trading 100 shares.

Regards and thanks.?

I don't use the ichimoku to check the trend of the chart to make buy and hold decisions. Have heard of people using the blue tenkan and red kijun crossovers like moving averages but haven't found them better than just using moving averages or the macd or ppo. Is the macd or ppo above 0 for a bullish holding, or below 0 for a bearish holding.

The chart does look like a buy and hold right now to me, looking at either the trendspotter weekly or noticing the ppo or macd indicator is above 0 or even that the price is above the 50 moving average. These are pretty standard things people use to see if the chart is a buy and hold...

If you want to look at how to use the Ichimoku system in more detail please follow this link to a good article that should answer questions. But myself I just use trendspotter really for a quick check of what the chart is doing.

Link to Ichimoku system tutorial
http://goo.gl/Mr40Xv

[NASARAVI]

Stocktrademan

Thanks - looks like Drip is a buy except still below 200 day and weekly below the the Ichimoku red. But blue is above red the way you put it - so that's buy and hold is it.?

I am trading 100 shares.

Regards and thanks.?

[stocktrademan]

Nasaravi this is how I use the ichimoku charts

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126822638

for DRIP weekly please see this chart

http://goo.gl/vxcXKQ

[NASARAVI]

Hi stocktrademan

I was curious how you use Ichimoku cross does the blue have to go above red to buy and hold for a long time .

I tried to do that with other charts - not sure what green does or why is it needed.

Looks to me when blue is above red it is buy and hold, on daily and weekly especially works great fro things like aapl.

Is DRIP weekly buy and hold? Long way to go up.

Please let me know.

Regards.

[stocktrademan]

DRIP bullish 21.71









normal chart




log chart

[Badfoot]

Back in @ 12.79.GLTA.

[FinalFrontier]

DRIP featured in nice article here:

http://www.etf.com/sections/features-and-news/6-oil-etf-alternatives-ill-fated-uwti-dwti?nopaging=1

[FinalFrontier]

should see more interest in GUSH / DRIP once UWTI / DWTI close up in a couple weeks.

For my money, GUSH / DRIP and XOP / DNO are the only oil plays worthy of my $$$$ now.

[Badfoot]

This board and GUSH will be interesting to watch in the following weeks.In at 16.75.GLTA.

[TREND1]

GUSH DRIP

http://investorshub.advfn.com/TRADING-GUSH-DRIP-31217/

[TREND1]

DRIP MONTHLY

[TREND1]

DRIP WEEKLY

[TREND1]

DRIP HOURLY

[TREND1]

DRIP H D W M

[stocktrademan]

Have a good one, everyone should research the fund before trading like you're doing here. It really helps to avoid any misunderstandings or issues later.

[daddyvlo]

I was looking to short oil and I had trouble finding on line but thanks again for your help

[daddyvlo]

Yes. Ok. Thanks very much.

[stocktrademan]

no its for a basket of stocks in the oil and gas sector. I think you want to play the price of oil in a stock format, and if so then the symbol OIL may be what you're looking for. It's called an ETN or exchange traded note.

http://etfdb.com/etf/OIL/
http://www.ipathetn.com/US/16/en//instruments.app?searchType=text&dataType=html&searchTerm=oil#/details/1194

[daddyvlo]

Oil goes up this ETF is supposed to go down correct

[daddyvlo]

Isn't this index bearish on what oil does

[stocktrademan]

maybe for a quick trade but I wouldn't do it unless I was able to watch it all day and react quick. Once it changes direction it could gap up severely like last December and shock everyone too.

[daddyvlo]

So maybe it's a good play to short this ETF

[stocktrademan]

It follows an index of stocks in the oil and gas industry, not oil itself but could be a good way to trade indirectly. For more info see their homepage.

http://www.direxioninvestments.com/products/daily-sp-oil-gas-exp-prod-bull-3x-shares


Normally the 3x or 2x leveraged products are used to day or swing trade more than invest so search on the internet about the possible dangers of using leveraged ETF products long term. They can decrease in value even if the index or commodity they follow increases.

http://www.google.com/search?q=dangers+of+using+leveraged+ETF+products+long+term&oq=dangers+of+using+leveraged+ETF+products+long+term&gs_l=serp.3...2843.2843.0.3113.1.1.0.0.0.0.91.91.1.1.0....0...1c.1.64.serp..0.0.0.pRdBmvd9zHA



also a good site
http://etfdb.com/etf/DRIP/


these are for the oil ones, if you buy one check the page to see if it uses a tax form 1099 otherwise you'll have to file extra return pages for limited partnership k-1 forms, costs extra to get them prepared and can be a pain to do.
http://etfdb.com/type/commodity/energy/crude-oil/

[daddyvlo]

Does this Etf follow the price of oil. I know this Etf is for the bears.

[stocktrademan]

DRIP bearish 6.60

[jay1209]

Buy the rumor, sell the news (inverse)

[trades2win]

I bought it at 6.75 sold it today 8.50 will be back in soon

[UP Trend]

Still shocked no one else here, been a gold mine from 6s

[UP Trend]

Anyone else playing this.. Seemed like a no brainer last ween

[UP Trend]

Nice pop from 6s!

[jay1209]

Sorry for the repeat

[jay1209]

It moves the opposite of GUSH

[Alyssa24]

Thanks for the reply

[jay1209]

That's what it's supposed to do. It moves the opposite of GUSH.

[Alyssa24]

Hi this may be a stupid question but this stock goes up when oil Go's down ?

[UP Trend]

Surprised not many more players here