Basically each month has its own futures contracts. The ETF isn't going to take physical delivery of the natural gas so it has to sell the current months contract and buy the next months contract. I believe BOIL does this over a 5 day period. Don't remember exactly which days it happens on but it's the same every month.
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Last: 1 hr ago by El_duderino
Got it, thanks.
I'm not trying to scare anyone with BOIL but it's definitely not something to hold on to for a long time.
They call natural gas the widowmaker for a reason.
There is also KOLD which is the inverse of BOIL.
I remember the days of the 3X leveraged funds UGAZ and DGAZ.
They call natural gas the widowmaker for a reason.
There is also KOLD which is the inverse of BOIL.
I remember the days of the 3X leveraged funds UGAZ and DGAZ.
emac0002 said:
I'm not trying to scare anyone with BOIL but it's definitely not something to hold on to for a long time.
They call natural gas the widowmaker for a reason.
There is also KOLD which is the inverse of BOIL.
I remember the days of the 3X leveraged funds UGAZ and DGAZ.
Gotcha. Sorry, missed your earlier replies above. What you say absolutely makes sense. Thanks for the clarifications. Still trying to absorb this world.
OPEC+ members cutting output on their own. Dec deliveries 780,000 bpd short of target after Nov deliveries were 800,000 bpd short of target.
ENVX. Ugh.
You don’t trade for money, you trade for freedom.
Geez. Offering?
$ENVX
12.12-0.32 (-2.57%)
At close: January 3 04:00PM EST
7.85 -4.27 (-35.24%)
Pre-Market: 8:48AM EST
Why the huge drop?
12.12-0.32 (-2.57%)
At close: January 3 04:00PM EST
7.85 -4.27 (-35.24%)
Pre-Market: 8:48AM EST
Why the huge drop?
Chairman gave a presentation that they are focused on manufacturing improvements vs sheer output.
Feels excessive. I guess I should have collared the shares. Crap.
Feels excessive. I guess I should have collared the shares. Crap.
You don’t trade for money, you trade for freedom.
Where is the bottom of PLTR
Doubled my position this morning on the dip to 60irish pete ag06 said:I jumped into Feb 17 70C here. Will add over the next couple of trading sessions if we continue to hang around 60. If we lose that lower trendline, will cut.irish pete ag06 said:
OXY is getting close...
This is too volatile. Waiting for jolts.
You don’t trade for money, you trade for freedom.
irish pete ag06 said:Doubled my position this morning on the dip to 60irish pete ag06 said:I jumped into Feb 17 70C here. Will add over the next couple of trading sessions if we continue to hang around 60. If we lose that lower trendline, will cut.irish pete ag06 said:
OXY is getting close...
Newly resume downtrend of beer candles on daily and weekly. Indicators show lower to go on both daily and weekly with technicals showing support zones between $50 and $55.
I don't think it sees $70 again until it's exhausted to the downside. Would be hard to imagine a beer candle bounce getting that high before the weekly indicators bottom. But I've been wrong before.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
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Get me to that 378.3 buy zone again
Keep buying. Debt free tech that is imminently profitable is a great place to be as the macro market gets beat down.DeangeloVickers said:
Where is the bottom of PLTR
They were giving too much stock to their employees for my taste, just kept lowering the price.Bonfire1996 said:Keep buying. Debt free tech that is imminently profitable is a great place to be as the macro market gets beat down.DeangeloVickers said:
Where is the bottom of PLTR
Take out the papers and the trash, or you don't get no spendin' cash
Yeah, I'm using that trendline, if we close below it for a day or 2, I'll cut.Heineken-Ashi said:irish pete ag06 said:Doubled my position this morning on the dip to 60irish pete ag06 said:I jumped into Feb 17 70C here. Will add over the next couple of trading sessions if we continue to hang around 60. If we lose that lower trendline, will cut.irish pete ag06 said:
OXY is getting close...
Newly resume downtrend of beer candles on daily and weekly. Indicators show lower to go on both daily and weekly with technicals showing support zones between $50 and $55.
I don't think it sees $70 again until it's exhausted to the downside. Would be hard to imagine a beer candle bounce getting that high before the weekly indicators bottom. But I've been wrong before.
I still like the setup. Descending wedge into a solid trendline.
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$30,000 Millionaire said:
This is too volatile. Waiting for jolts.
Tricky aholes this morning. I feel like the trickery is at its max when round numbers act as s/r. Orh was 389, and we just bounced off 380. Those aren't any of my levels
Anyone know what the lightning bolt icon indicates on TradingView?
that's a recent addition. It is news, but I've found not usually important news so I've turned it off.
ELOX geez. Trash stock
Up 70% today. 1.89 to 4.74 this week
Up 70% today. 1.89 to 4.74 this week
Market can't go up because every knows the economy and macro market is trash.
They won't let it drop because the plebs hold too many puts and they aren't allowed to be right.
They won't let it drop because the plebs hold too many puts and they aren't allowed to be right.
Just need one good trade a day.
You don’t trade for money, you trade for freedom.
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Awesome!
This looks remarkably similar.
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tHiS TiMe ItS dIfFeReNt
My man Ghabour on Fox Business says 3200 is coming. I'm limping into an S&P Bear. He's been pretty close on previous movements.
What is the bear case for energy stocks this year?
I mostly trade tech/growth, but transitioned heavier into energy towards the later half of 2021 which have performed well. I'd like to continue to hold them because I have heard the bull case, but I want to start protecting some of these positions that are up 40-80% against the bear case.
Thoughts?
CVX DVN KMI OKE PXD XOM
I mostly trade tech/growth, but transitioned heavier into energy towards the later half of 2021 which have performed well. I'd like to continue to hold them because I have heard the bull case, but I want to start protecting some of these positions that are up 40-80% against the bear case.
Thoughts?
CVX DVN KMI OKE PXD XOM
Take out the papers and the trash, or you don't get no spendin' cash
It's a crowded trade at this point.
You don’t trade for money, you trade for freedom.
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You guys ready for the fireworks?!
Would be nice to see BOIL make some progress towards that gap up to 17.50.
20 points like that
You don’t trade for money, you trade for freedom.
Fed says again further increases needed and no rate cuts in 2023.
Yet there will still be people trying to peddle a fed pivot.
Yet there will still be people trying to peddle a fed pivot.
Yeah that's been crazy to watch. The Fed will say "Doom & gloom!" and the market rallies.SF2004 said:
Fed says again further increases needed and no rate cuts in 2023.
Yet there will still be people trying to peddle a fed pivot.
Although I will share in the pain I would love to see the Fed put the market in its place this year.
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