ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[kiy]

All right...!!!!!!!!!!!!!!!!!!!!!!!!

Would you tell me how long you've been trading...and your level of understanding the Bollinger Bands...CCI and Stochastics...MACD...

I've been doing this for over 30 years and have traded about everything...

About 3-4 years ago I started sharing this experience...mostly because I want the average trader to see for themselves how the Markets work...I think I've helped make this game somewhat more of a level playing field...bankerCrooks still have a slight advantage(its still their casino)...but you can live with it with some very basic understanding of a few technical indicators.

First rule so that the crooks don't turn you into a YoYo is you are a trader until you have your original capital out and own 100 shares at no cost...Starting with $5,000 you can do this in as few as 7 completed trades while only looking for a 10% gain each trade.
After the first year your holdings will equal about $10,000 to 10,500...but then it starts getting more fun...got to start somewhere...here goes...
(From here on...some will be amazed that this process only requires making 12 trades a year...(what...?...))
Discipline and those 10% gains will turn $5,000 into $million in 3 years. (just a simple walk through chaos my friend...where you're in control if you want to be...)
After the first year your holdings will only equal about $10,000 to 10,500...but then it starts getting more fun...(...its got to start somewhere...)

My goal is I'm going to walk everyone through this process trading UCO...

Oil seems to kind of cycle from oversold to overbought to oversold...,...,...
The daily chart below has price contained within the doubleBollinger Bands the majority of the time...an indicator as simple as a 5 day moving average can act as a trigger/alert for the next trade...triggers tend to happen at the one deviation bands...interesting now that you can see them...?...if you can't see them; then I'm wrong...and simple doesn't work...
Humans like complicated...I don't...LOL...
Enjoy...
Ki...kiy...theMatrix...
Daily $WTIC with a 5EMA...

XLE...if the indicators work on $WTIC they will work anywhere...
Vanguard Energy (VDE). This ETF holds over 170 US based energy companies and invests over the full spectrum of market caps. Large-caps make up about 78% of the assets with mid-caps and small-caps coming in at 16% and 6% respectively. Similar to XLE, XOM and CVX makes up about a third of the fund.

...and you can guess if you want...it works just the same on XOM...


...and UCO

You are now an expert...