The 3-4X swings are what keep us degenerates playing.
$30,000 Millionaire said:
I have no position but I'm telling you guys that boil is priced to bearish perfection right now.
Sure, but I don't think anyone is actually hoping for anything more than that. Personally I'm looking to get out around $15-16.GreasenUSA said:Need to realize that BOIL doesn't recover. Sure, it might drop to 5 and then rally to 20, but it's going to continue to reach reverse split territory every couple of years.Boy Named Sue said:A falling knife, with no sign of recovery until 2024 I'm afraid. Hope I'm wrongBrian Earl Spilner said:
BOIL -9%
not sure what positive factor that would be. especially looking at the NG market forecast$30,000 Millionaire said:
Literally all the factors are against natgas. When bears do something they overdo it. Only one thing needs to change for natgas to go up again.
HoustonAg2014 said:
Thanks! I thought so but wasn't sure if it was just rate announcement or if he speaks today or tomorrow. I'll be watching this or live.
I wonder what chance Powell say .50 and done for the year or .50 and probably don't for the year but need to watch the data.
The guy mentioned "recovery", which implies a return to a norm. I just wanted to clarify so no one gets their hopes up. BOIL has had a handful of 3x-5x periods over the last few years, which will be wonderful for you guys when it happens, but it doesn't "recover".Brian Earl Spilner said:Sure, but I don't think anyone is actually hoping for anything more than that. Personally I'm looking to get out around $15-16.GreasenUSA said:Need to realize that BOIL doesn't recover. Sure, it might drop to 5 and then rally to 20, but it's going to continue to reach reverse split territory every couple of years.Boy Named Sue said:A falling knife, with no sign of recovery until 2024 I'm afraid. Hope I'm wrongBrian Earl Spilner said:
BOIL -9%
Ya'll speculating on Powell need to pay more attention to 96.Bonfire1996 said:
Burry Stop loss on VLO at 136.50 and PLTR at 7.50
FED is not happy with the 2 year trading lower that it's discount rate the entire time since last meeting. Treasury markets are hurting their progress towards their goals of crushing employment and crashing the housing market.
It doesn't appear to be coming back anytime soon, so don't chase.irish pete ag06 said:
5 min 8/21 flip on SPY. Today is a chop day so I fully expect it to flip back in a few candles.
I'll look to enter short on a 21 EMA re-touch... 1/3 size of a normal position.
Yeah, you hit the nail square on the head. The treasury markets are like the kid that continually smarts off to his parents. Let's see if Powell whips the kid's behind today.Quote:
FED is not happy with the 2 year trading lower that it's discount rate the entire time since last meeting. Treasury markets are hurting their progress towards their goals of crushing employment and crashing the housing market.
what strategy are you using?$30,000 Millionaire said:
I have an all day meeting to loosely pay attention to, otherwise I would be stealing paper from hoes right now.
I'm currently in Schwab (which just added a dark mode on Android, thank god), but use Tradingview to follow charts.Boy Named Sue said:
Let's talk trading platforms with mobile features. Y'all like Tradingview, obviously. My money is with Schwab right now, and a big chunk has to stay there until some holdings qualify for LTCG (in about 6 weeks). But I may move to another platform at that point. Anyone suggest looking at other options besides Tradingview?
That might be a good thing. It would be better to invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...TheVarian said:
Stupid fidelity won't let me purchase BOIL
Colt98 said:
Can you give a quick example of "stealing paper"
$30,000 Millionaire said:Colt98 said:
Can you give a quick example of "stealing paper"
After they get out of the car, you run them over and get your money backColt98 said:
Can you give a quick example of "stealing paper"