Grinding
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Kissed 3.76 >.<
Good stuff. Pre market is such a playground when it comes to UWTI/DWTI
Dxy gonna keep slowly correcting itself as summer comes. Magical news of the dollar and magical news of no more supply issues is what will boom this up randomly. Love watching this dollar drop. You having any pre market fun?
3.77s today after selling the 4.04s. Hoping I can add tomorrow for lower, and average down as well, but worried about the 50ma bounce. As well as the 3.75 support. Won't regret the 3.77s either way. Still have more than 70% of my core at 1.945, but been adding shares with these waves to my core.
I would say the higher lows in the same time frame you pointed out the lower highs could be significant to mention as well. Also before testing 3.75, potential to bounce off the 50 period moving average now that it's crossed 3.75 and break up to retest the top of the symmetrical triangle tomorrow and potentially break or come back to test the bottom of the triangle.
I know your dream is for low oil, you've confessed plenty of times that you think it's best for the economy. But I think you can't let that leave out the bullish signals as well.
Correct me if I'm wrong. More just wondering.
Excuse the terrible drawing. On my phone and had to google an app that would even let me draw on a screen shot.
It's okay. You'll make some back short selling some dead cat bounces that you've been chasing. Shit sucks though!
Not like you. What's the damage?
I hope so tbh
Average down
Take profits when you can with these swings. take profits with half. Add when it drops. if it doesn't drop and goes up, you still have your other half. Sounds like you're invested at a very high price if you're red. :(
Recently, on every gap and trap,I've been selling on the gap up and re buying down low. Have added so many shares, it blows my mind.
i did the same at 4.04 and 3.97, just a small position. Not for bills though. But to buy back in.
Look at level 2's though. I think a lot of people are about to get shorted out.
Dollar plummeting.
Lesson:Decay works like this....
Pretend WTI is $50.00
Pretend when WTI is $50.00, that UWTI is $1.00
________________________________________________________________________
Okay, so its the daily open. halfway through the day WTI makes a huge swing. goes up 25%! Where does that put WTI? $62.50 ($50*1.25=$62.50)
UWTI is 3X, which mean oh shit! UWTI goes up 75%!! Which puts UWTI at $1.75 ($1*1.75=$1.75)
Following so far? now here we go....
Now the day comes to the close. It had a huge swing up up 25% earlier. WTI is at $62.50, but right at close, it drops 20%!!! That puts WTI back at $50.00! ($62.50*.8=$50.00)
Well UWTI is 3X, so that means UWTI drops 60%! UWTI was at 1.75 and after dropping 60 %, becomes $0.70! ($1.75*.4=$0.70)
But wait? What happened??? WTI opened at $50, and closed at $50!!! WTI DIDN'T CHANGE PRICE!! Why did UWTI close 30 cents cheaper than open, when WTI ended the same price? It's because when you take a percentage from a bigger number, it's a larger amount...
UWTI can definitely get to 12. And it could hit 12 at 85. or 90. or 80. It just depends on the daily percent changes.
Once UWTI gets above $5, the % swings will be bigger. Can't keep using your static values.
They will be almost spot on in these levels. But a break above 5, and you're gonna be off.
Welcome to the good life
Agreed. Marked as well
Yeah rb is the one who made me aware of it. Can't wait honestly. However after all is said and done, it will be a sad day when the uwti ATM is over.
Pretty crazy how the robots can keep the price where they want it for so long. I know it's been said before, but never ceases to amaze me.
Too bad I got scared. Oh well. Profits are profits.
She's got a great dad. I plan on doing the same for my 2 daughters. I'm jealous of the 1.84, when my lowest shares are 1.945 >.<
What about your daughters account? Did you sell for her and buy lower to add shares as well?
Have fun chief. Gl.
You decided not to wait for these 3.30s you mentioned? I thought you missed the run up.
LMFAO this post
I'm not arguing profits, and I enjoy watching you make money off a dime multiple times a week.
But I mean, 50 cent gain in 3 days here. Not too shabby on my end either. We're both making money here. Just different ways. :P
Magical unicorn. My thirst for reason has been satisfied. UWTI ATM
A bunch of profit takers this level. If it gets past them, it's still to the moon. This is charts telling us before the report, what the report will say. Report is getting factored in right now. I took 1/4 profits personally from the 3.48 shares.
Who sold? Thanks goat.
My 401k broker can't be changed, and doesn't allow it. But my personal is through sharebuilder, which I initially got in because of the 6.95 trade fees, but have been talking with other brokers with different promos, and still calling back and forth, as some are offering me the same trade fee to switch + get the promo as well.
So I'll be switching. As others offer better platforms, free L2, better apps. pre market/post market trading, etc.
I sold them at 3.7X, and bought back at 3.48 and 3.52. Ended up adding shares that way.
Can't sell pre-market sadly.
Rolled to 40% July contracts as well. Contracts alone always seem to cover before going back up. Good luck to you both
Yes sir. Tricky unicorn. Hope you were able to get out okay though man. :/
We're both here to make money brother. And I love hearing everyone's stories. All the smart ones, dumb ones, and the ballsy ones like your 1k DWTI hunch. A lot of people here have more balls than I.
Yeah it's not a penny stock. No need to get so passionate that you think you can change the price. Good luck in the am. I'll be up as well. Going into the office early to finish some stuff up before a client meeting over lunch so keep me updated!