severestorm
Member
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
That's not breaking. It was breaking news 15 years ago. It's been proven time and again these people front-run economic data and geopolitical policy-making. It's criminal, and it should be stopped. But it's not breaking news.
Of course they made money. And they'll continue to make lots more money while the American people suffer the consequences of crony capitalism. Let them live large now, because one day, they're going probably to pay dearly.
What y’all think? Break trend and chop or dump?
Dumping
This is one of the wildest days I’ve seen in a while. Up down, up down….looks like maybe we end down? Last half hour will probably be wild, though.
Should I hold UCO or get out before close?
Storm5
Member
We are pumping for sure tomorrow right ? Before CPI Thursday . Lotto calls it is
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I’m holding it, though whether that’s a good idea is debatable. I figure as long as the war continues to deepen, oil will continue to bleed upwards, though. I should probably set a stop loss to protect myself in case it starts dropping sharply, though.
Storm5
Member
Jesus what an ugly chart
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Sent from my iPhone using Tapatalk
Right! My concern, and maybe my lack of knowlege, is that I thought it reset daily...so how would stop losses work in that case? If it closes at $190 and opens tomorrow at $180, how does that work if you set a $185 stop?
Your stop loss would get triggered at $180 in that case. $UCO gaps up and down a lot, so that’s definitely a risk. Keep in mind my cost basis is $118, so I’ve got a lot more room to play with here. It gapping down to $160 and me selling there would still leave me with a nice profit. If your cost basis is around what it is now, it’s more iffy. Mainly there’s the risk of a ceasefire being declared, which doesn’t seem imminent to me, but could really happen at anytime overnight (for us) without warning.
What's the best commodity play right now? Are there any recommended ETF's that are solid choices to get a solid diversity in the things that will moon?
For sure...I also got in around $120 earlier, but sold out around $155-$160. I just got back in earlier today when it dropped.
I bought some $COM yesterday. It’s an unleveraged broad basket of commodities that in theory shouldn’t be as volatile as any individual commodity, but if commodities continue to increase should provide decent returns without having as much downside risk (but at the same time it won’t go to the moon, either, hah). Of course, thats not to say it’s not risky, and I’m not a financial advisor. ?
Check out Direxion Auspice Broad Commodity Strategy ETF's stock price (COM) in real time
Get Direxion Auspice Broad Commodity Strategy ETF (COM:NYSE Arca) real-time stock quotes, news, price and financial information from CNBC.
www.cnbc.com
Also bought some $BAR (gold) and $WEAT (wheat). Might’ve been too late on the wheat trade, though.
Yeah, I haven’t added to my position since I bought in. I’m not sure about the risk/reward of buying at this point. There’s plenty of moon potential still, but there’s also a high bust potential. It’s really a gamble. I am holding, but I probably wouldn’t buy at this point personally. Just wish I bought more when I got in at $118. I bought a healthy chunk, but could’ve definitely had a larger position looking back.
severestorm
Member
So who are we not fighting with. ?
China, Brazil, Venezuela, Iran, Syria, North Korea, Russia, and India look like they have formed a axis.