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I bought at $8.98 last week and bought again today for the same price. I tried to double my position but typed 50 instead of 60. This is after I failed to pull the trigger twice on NUGT at $12.35. Been one of them days.
I might put a sell stop in at $10.98 but I only need $9.98 to take some dinner money profits.
About $1.50 higher here or 75 cents on NUGT and I am walking with cash.
JDST
Noob here wants to know what the heck is a naked candle?
I am holding here for $13.
UWTI
I am calling for $68 EOY but the black gold bugs are calling for $70 Summer!
I hope I am the one that is wrong on this one.
UWTI
I went from 60 shares to 115 on JDST. My average price is $8.98. I wanted to double my position but I don't have enough fingers and toes to count that high so I got 115 shares. :) I hate when I fat finger a trade!
So we gonna run on power hour?
NUGT
So are the evil "They" gonna run this back up today? I am keeping my fingers crossed for a third shot at $12.35. Come on NUGT!
NUGT
When I put a buy stop in I don't always look for a lower price. I figured if it was going to run I would double down on the way up. I do the same thing with sell stops. Since I missed the chance at $12.35 twice today I might as well put a forward sell stop in so next time we hit $12.35 I'm out with profits. Probably won't see $12.35 again for a while hence the reason why I rolled more dice on JDST today.
NUGT
I am playing both sides. I have a buy stop in on JDST to double my position if it hits $8.98.
I am hoping we spring back before close on NUGT.
NUGT
Chart is saying over bought but at the moment MACD is showing no cross over on the 5 or 10 day. I need $12.35 to take profits and $12.55 to put a stop in at $12.35.
GLTA
NUGT
As apposed to alpha grip?
lol
Long UWTI!
Gold bugs are calling for $1300+. But the bears are saying we will see $1000 first.
JNUG
Since I am already a small bag holder I figured I could average down my 21,000 shares with 500,000 shares for $50 so I did.
ELRA
OK, so that was a cherry pick example. So how about we pick some apples and compare them?
If you play NUGT and want to play the bear side you play DUST. But as of late JDST has had higher runs than DUST. I have seen JDST run $3 for when DUST ran for $2.
Buy $500 of JDST at $9 = 55 shares rounded.
Buy $500 of DUST at $13 = 38 shares rounded.
They have an equal day and both gain $1 which gives you...
$55 gross profit on JDST
&
$38 gross profit on DUST
So I can see where he is coming from and I am using 3X funds to support his argument.
Still long on UWTI
UWTI
Depends on what you are buying.
Certain smaller stocks might move more and faster. If you bought 1 share of Alibaba a week ago it would still be worth about what you paid for it ($85). But had you bought Fast Funds Financial Corp a week ago for $85 (85,000 shares) you would have made over $2500 this week when it ran to 3 cents. I doubt Alibaba will run 1,300% in a week.
A 10% move on a smaller principle purchase may put you in a situation where your profits don't even cover the commission.
Just saying.
Long UWTI
I usually hold these for 5 to 10 days. Longest I have held was 60 days, averaged down, sold for a 10% profit.
I use a 10 day chart to decide when to buy or sell a 3x.
NUGT
Range trading today. Won't be getting me profits on NUGT or JDST. Just as well because I usually take profits during power hour at which time today I will be in a subway tube. Leaving work early to take the family to the circus.
GLTY
NUGT
I got mad at a penny that made me some $$$ and then went to the trips and no bid. I had the chance to average down and did not. Sucker just went to the moon with 1,300% increase in price over a period of about a week. It took a year for this to happen.
VTMB
Looks like it has risen from the dead.
Wish I had averaged down when I had the chance.
FFFC
1/3 of today's volume was my $50 trade. lol Hey, at least my shares are worth $50 intead or 25 cents!
ELRA
Acveraged down today on this no bid. I got hosed on another penny after 2 splits left me with 50 cents worth of stock at a loss of $499.50. Had I thrown in $100 last month to average down and sold yesterday I would have grossed over $1000. After taxes, losses, and commissions I could have been walking with $500 in my pocket.
Since my shares here are worth a total of 26 cents leaving me in the hole for about $250, I figured I might as well average down. $57 got me 500,000+ shares. Now I need news so we can test that 0.002 high again.
ELRA
Under 10 would be a good place for me to average down.
NUGT
Jobs report out. Gold gonna take a dive.
JDST
Gold just dropped below $1200. My guess is a good jobs report this week. Glad I have a hedge on the short side of yellow. Still have a bull position though.
JNUG
I won't sell below $10.98. Hoping for higher. I won't put a stop in until about $11.25 at which time I will put a stop in at $11.
JDST
Scott listing the bid and ask both at $9.96. WTF?
JDST
I just tried to average down and darn Scott Trade won't let me. Said I have to call them. Blah!
Oh well. At least my gold shorts are green today.
FFFC
I have 250 shares after the splits. Down about $500. I have two choices, average down or take a loss. This would have to hit $2 for me to break even. I might average down after lunch. I expect a bear raid.
FFFC
PS I made $$$ in this stock last year.
Saudis are talking price hike no brainer considering how fast they will burn through cash in the Yemen war. When they increased output they did not figure in a regional war.
West Texas $68 EOY.
UWTI
NUGT gapped up about $1 and gold gapped up around $20. Strait up no slant.
NUGT
You mean tough to scare out us BAG HOLDERS? lol
I have been loading in the $3 to $6 range. Averaged in at #3.40.
I think $13 EOY. Even with slippage I will almost tripple my investment.
UWTI
Let's not forget that we need to retrace that huge gap up from Monday.
I am going to take my profits in JDST this week then average down on NUGT so when we retrace back up to test the recent highs I'll be taking profits there too.
NUGT
I am in NUGT and JDST and they have both been going green and red all day twice hitting the same price.
I just know THEY are trying to keep me from taking profits. lol
NUGT
Pfft! $8.98 here!
But serioulsy my NUGT and JDST have been bouncing in and out of red and green all day. Twice they were at the same price. Major bull/bear tug-of-war going on.
JDST
Might see $2 up today Homey.
JDST
I am back in at $8.98.
Hoping to take profits on NUGT but I'll have no complaints if JDST goes up 2 or 3$.
JDST
I need to average this down. Not easy riding the bull in a bear market with the bear clawying at your investment arse.
NUGT
I am sooooooooo jelous! I am trapped until $12.30 unless I average down, up, and sideways.
NUGT
I need $12.30 to take profits on NUGT but in case gold bounces off the $1225 ceiling I have a hedge for some profits here in JDST which seems to have slightly more powerful moves than DUST at the moment. It seems like we can get a $3 swing here easier than we can over in DUST.
JDST
Got my 8s. In at 8.98. Normally I chart but this is so bouncy I wanted to get my foot in the door. I have made money on this buying in the 7s and 9s this year so I'll try the 8s now.
JDST
I'm only out $258.
Maybe they'll cut me a check for 50 cents. lol
CBMC
Companies demo vehicles to my agency all the time. Most impressive so far has been the GM diesel electric F-150 truck, 400 lb/ft of torque, 0-60 in under 9 and 40+mpg. The problem is rednecks think hybrids are for nerds and old geezers (baby boomers) are scared of diesels.
The tech is here but the public is not. The Prius went public in Japan in 1996. High mileage is nothing new. Our '81 Datsun 510 was getting 35 city/45 highway with a 2bbl carb.
UWTI up Monday.
UWTI