techno-ag said:Really good opportunity if you can afford to hold on to it for a while.Philip J Fry said:
Tell me I'm dumb not buying into BOIL at these levels.
Back in with a small position at 26.
Like someone else said, I just can't quit her
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Back in with a small position at 26.
Like someone else said, I just can't quit her
Goodness TSLA…. How low is she going to go?
dunno but i just scalped some 140Ps for a nice profit
I'm in with you at $26.12. Fingers crossed.Eliminatus said:techno-ag said:Really good opportunity if you can afford to hold on to it for a while.Philip J Fry said:
Tell me I'm dumb not buying into BOIL at these levels.
Back in with a small position at 26.
Like someone else said, I just can't quit her
MDY/QQQ breaking the 200wma downtrend started in 2008. For those of you with passive 401Ks in Large Caps this may be a chart you want to be looking at. Mid caps with the clear outperformance. pic.twitter.com/n3R7l0Plrf
— mattyj.icp ∞ (@mattyjay427) December 19, 2022
Thankstechno-ag said:Good call on TQQQ.irish pete ag06 said:I think you'll see it get below 18.techno-ag said:Sold my accumulation of TQQQ at 22. At 18 today it's looking mighty tempting to jump back in.irish pete ag06 said:irish pete ag06 said:
QQQ 270 feels like destiny
Could see a re-test of 280 or slightly below then a swift ride down after.
Didn't even get that re-test, and we're almost there.
Bottom of the channel is comin in hot.
Could that channel touch be the start of the *potential* Santa Rally?
Channel is hanging by a thread.
Can you interpret that like I'm 10?irish pete ag06 said:MDY/QQQ breaking the 200wma downtrend started in 2008. For those of you with passive 401Ks in Large Caps this may be a chart you want to be looking at. Mid caps with the clear outperformance. pic.twitter.com/n3R7l0Plrf
— mattyj.icp ∞ (@mattyjay427) December 19, 2022
Is he suggesting that mid-caps are a better investment after this downtrend (in 401Ks).
I didn't know this, but you can type into trading view a symbol divided by a symbol and it shows the ratio... he's saying that mid caps look to be outperforming large cap tech.Bird Poo said:Can you interpret that like I'm 10?irish pete ag06 said:MDY/QQQ breaking the 200wma downtrend started in 2008. For those of you with passive 401Ks in Large Caps this may be a chart you want to be looking at. Mid caps with the clear outperformance. pic.twitter.com/n3R7l0Plrf
— mattyj.icp ∞ (@mattyjay427) December 19, 2022
Is he suggesting that mid-caps are a better investment after this downtrend (in 401Ks).
Just sharing, thought it was interesting.
Some of the investment company folks have made this suggestion as well here at work.
Time to load up on BOIL?
In at 25.50Boy Named Sue said:I'm in with you at $26.12. Fingers crossed.Eliminatus said:techno-ag said:Really good opportunity if you can afford to hold on to it for a while.Philip J Fry said:
Tell me I'm dumb not buying into BOIL at these levels.
Back in with a small position at 26.
Like someone else said, I just can't quit her
How long is "a while"?
I don't intend to hold it a while. You'll have to ask techno. I have alerts set up at $32 and $35, as I expect a bounce later this week. The problem with BOIL is it can drop 10-15% overnight, so once I have a solid return in hand I exit and wait to buy again at the next dip.
BOIL sitting just below it's low from a few weeks back, it can use that to bounce IF it's gonna. Support under here looks to be ~23.75, but I would think going back that far is hard to do for a 2x leveraged play.
Someone talk me out of dumping all my available cash into BOIL at 25...
Brian Earl Spilner said:
Someone talk me out of dumping all my available cash into BOIL at 25...
I mean, I basically did. Granted, I still have no real idea what I am doing though. And if it goes sub 25, I think I am going for more.
Little odd to be able to pull that up that quickly.
Sorry, no. Search function works great
The fact that you knew exactly what to search for is already weird. Not sure why you'd follow my posts that closely.
A lot of us follow this thread. Frequent posters have personalities that are easy to remember.
Not that impressive
Not that impressive
looks like VFC is breaking down lower. don't know if anyone is still in shares or leaps...i cut mine, don't like the trend.
Search for "Someone talk me out of"" on the B&I forum, I think you'll be surprised at the result. Also, don't ask the board for something/advice and then get mad when you get it.
Alright, no more commentary on this from me.
Alright, no more commentary on this from me.
Except it wasn't advice. That post said not to ask for advice because I'd just ignore it.
It's not advice, it's just condescending.
It's not advice, it's just condescending.
A while is for however long it takes to be profitable to sell.texAZtea said:In at 25.50Boy Named Sue said:I'm in with you at $26.12. Fingers crossed.Eliminatus said:techno-ag said:Really good opportunity if you can afford to hold on to it for a while.Philip J Fry said:
Tell me I'm dumb not buying into BOIL at these levels.
Back in with a small position at 26.
Like someone else said, I just can't quit her
How long is "a while"?
I could be wrong and frequently am but I suspect the wild swings we're used to seeing with BOIL will resume in January. I'm committed to holding at least until it sees 40 again. But I'd love to double my money in the 50s.
Troy91 said:
Frequent posters have personalities that are easy to remember.
This should be my sig.
take the L and move on.
The L being that I've used the phrase "someone talk me out of" multiple times? Yeah, you got me there I guess.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
Yes sir!
Back to stonks people.
Zoom on out the BOIL chart and then decide if it's its a good idea to do the average down, average down, average down, ... strategy. That's all I'm going to say.
Is it worth it to you?
Buying here with a tight stop at 10% loss would make sense to me based on the chartGreasenUSA said:
Zoom on out the BOIL chart and then decide if it's its a good idea to do the average down, average down, average down, ... strategy. That's all I'm going to say.
Looking at the BOIL chart for technical analysis isn't a great idea IMO due to leverage decay.
You should look at something like UNG instead. They're obviously similar, but if you're trying to find things like double-bottoms, those are going to be different.
The tail doesn't wag the dog… BOIL moves because NG futures move, not the other way around. Rebalancing will kill any momentary differences.
Same principle is true for TQQQ/SQQQ vs QQQ. Or whatever leveraged your prefer. Analyze the chart of the unleveraged, then make your trade on the leveraged.
You should look at something like UNG instead. They're obviously similar, but if you're trying to find things like double-bottoms, those are going to be different.
The tail doesn't wag the dog… BOIL moves because NG futures move, not the other way around. Rebalancing will kill any momentary differences.
Same principle is true for TQQQ/SQQQ vs QQQ. Or whatever leveraged your prefer. Analyze the chart of the unleveraged, then make your trade on the leveraged.
Tesla way down again. Is there a potential short squeeze in the works or is this going to ride down to below $100?
I think the biggest question for me right now on BOIL and natural gas is... why the drop in the last week?
US and Europe both facing significant cold snaps, Freeport still shut down, what's the catalyst for the drop?
US and Europe both facing significant cold snaps, Freeport still shut down, what's the catalyst for the drop?
I would not use an averaging strategy with BOIL. It's unruly, so you may want to consider a wider stop, but you definitely need to honor that stop, and gtfo when necessary.Philip J Fry said:
Is it worth it to you?
Back before I could trade full time, I used a swing trading strategy with a scan I created that would identify extremely oversold and overbought equities, coupled with a certain percentage ATR short term move related to a longer term ATR. I would average in intervals based on the ATR, as necessary. The trades were usually closed out within 3 days to 1 month. It worked quite well for about 2 years, until I discovered SHIP. I believe that one wiped out half of my profits over those 2 years.
It's human nature to want to buy things for "cheap". There are certain instruments in the market where this is a good idea, but there are a lot more where it isn't.
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