Replies to post #80 on Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Sh (DRIP)

[dealerschool2006]

was today a reversal for DRIP from the premature pop in markets on Monday??? We will see, I'm hoping for a rebound to 80 or higher...its amazing the amount of cycles between DRIP and GUSH throughout a normal year...I'm going to experiment, looks like I bot in middle of cycles @ 62...

[dealerschool2006]

I sold my DRIP at a loss 193 @ 46.55 gapped up @ openning, gaps usually get filled early on, and i bot 346 GUSH @ 26...will hold to over 27, 2 days ago high was 27.42...wel...Oil dropped quickly which sent the GUSH up trend to drop so I sold @ 26.405, was waiting for 26.7 or so but i made some $$$ and got a few more shares of DRIP 198 @ 45.985...as I'm wrote this GUSH went up to 26.87...oh well...boy this is really making me nervous trading like this wow...looked online for answers found this...seems like DRIP will be a good hold barring some wild rides like Monday's...

The International Energy Agency (IEA) on Thursday cut its 2020 global oil demand forecast, citing a resurgence of the Covid-19 pandemic, with vaccines unlikely to have much of an impact until well into next year.

https://english.aawsat.com/home/article/2621206/iea-cuts-2020-global-oil-demand-forecast