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STOCK: UWTI

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26 Re: STOCK: UWTI on Mon Jun 29, 2015 8:08 am

I'm always looking for that big score with these 3x ETN's. One of these days if I see the right price, I'm going to go big, like $100K big. But patience... If that ever happens, I don't know. It would take sub $20 oil, sub $2 NG, $300 gold, $5 silver or something like that. Probably wishful thinking for any of these to go that low. For now, just looking at building up some capital $50-$2000 at a time.

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27 Re: STOCK: UWTI on Mon Jun 29, 2015 9:53 am

Yep...buy the dips, build the bank.....

I bought 900s of uwti at 3.07 this PM.... looking for a quick buck when the 'reaction' is over....

I'm taking a cue from something you said on ST the other day.....you never buy unless .25 below your average. Reworked my spreadsheets to incorporate that...and it looks better than my guesswork process. As such, that is my new plan on the downside....thought the amount will vary between gas and oil ETNs...probably use a % of current price to establish the absolute $ value...that way each cycle is adjusted...OR, may just pick a number that with 5 buys down gets me to something less than 52wk lows for each.

Now I'm trying to figure out what my sell points need to be.....
My thinking has been to target a sell price for the first 3 buys (1000s, 1300s, 1700s)...but to trade the remaining lower buys (2000s, 2500s, 3000s) as independent investments....at maybe .15, .12 and .10 moves up.

My oldest ugaz investments are now over 30days stale...now worried. Hope for 2.80 in the next month.

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28 Re: STOCK: UWTI on Wed Jul 01, 2015 11:06 am

Sold 900s yesterday for $165 net profit.....in with my last $$$ today...250s at 3.01

Need some really good days in the next couple weeks to get back in business....fun!

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29 Re: STOCK: UWTI on Mon Jul 06, 2015 7:21 am

In for 1200s at 2.44 this morning....hope the ship floats!

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30 Re: STOCK: UWTI on Mon Jul 06, 2015 7:26 am

Yep, going to be a buy UGAZ/UWTI day for me. Probably start with a 1000 shares UGAZ to add to my 2750 shares still holding at 2.03 (sold half last week in 2.20's). Then 2000 shares UWTI. I actual meant to buy 1000 at 2.99'ish last week, but never pulled the trigger with holiday activities and today appears to be a gift.

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31 Re: STOCK: UWTI on Mon Jul 06, 2015 7:44 am

My strategy for UWTI.  Currently I only hold 750 shares at 3.24.  Will buy 1500 below 2.50 today (at open if this holds) and plan on buying another 2500 shares at $2 if it goes that low. If this goes really low, like 1.70's., I'm going 5000 shares.

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32 Re: STOCK: UWTI on Mon Jul 06, 2015 9:40 am

I am again tapped out til some $ are settled...but even then I'm close to fully invested in stocks and 3xs...I need something to run up to free some funds (and add to coffers)... Just missed on Friday, now I sit and wait....

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33 Re: STOCK: UWTI on Mon Jul 06, 2015 10:16 am

I'm tempted to just sell a bunch of stocks even if at a loss and load up these 3x if they continue to drop.

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34 Re: STOCK: UWTI on Mon Jul 06, 2015 10:29 am

Same thoughts...but given the market being down as a whole, I would stand to lose upwards of $400....ouch. I HATE that....still....2000s of something up .25 cures those ills....

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35 Re: STOCK: UWTI on Mon Jul 06, 2015 2:56 pm

I'm throwing in an extra 1000 shares at these levels. Pretty impressive action.

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36 Re: STOCK: UWTI on Mon Jul 06, 2015 3:12 pm

Executed at 2.20.

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37 Re: STOCK: UWTI on Mon Jul 06, 2015 5:08 pm

I never thought that I'd be buying shares today at an average of 2.38, and that that would still be too high.

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38 Re: STOCK: UWTI on Tue Jul 07, 2015 10:25 am

Too many things to buy today. Everything tanking. Buying some of each.

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39 Re: STOCK: UWTI on Wed Jul 22, 2015 12:06 pm

I bought more today at 1.82....ave still way high at 2.42...but have a buy in for another 1400 at 1.73
After that, I have $20k which will go in 2 actions, 1.51 and 1.07....which I think roughly corresponds to $47 oil and $42 oil.

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40 Re: STOCK: UWTI on Wed Jul 22, 2015 12:07 pm

Oh....and after that I will be looking for a job anywhere but in the oil industry.... ;-)

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41 Re: STOCK: UWTI on Wed Jul 22, 2015 12:26 pm

Yeah, right now my whole account getting slammed. Need these commodities to turn around. Have no desire to sell at lows.

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42 Re: STOCK: UWTI on Wed Jul 22, 2015 4:24 pm

I won't sell....
Almost pulled the trigger on another buy at 1.73...pulled my order at the last minute as it plunged to 1.73 ultimately. But given that is again my last $$$, decided to see if tomorrow a lower low.
Getting old though....this. Worst of all, when we hit 1.79 last time, oil was at about $42.....that would be a catastrophe...bringing U to about 1.07.....still would have to hold though.

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43 Re: STOCK: UWTI on Thu Jul 23, 2015 1:13 pm

Bought 2340 shares at 1.71.  Next buy is $6250 shares at 1.28.  Current sell target is 2.10.

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44 Re: STOCK: UWTI on Thu Jul 23, 2015 1:18 pm

Yep...here we go. I bought 1500 at 2.66
Also, lucked out having a trailing stop on 1700s UGAZ today at 2.37 for a $241 profit. Gotta cycle a LOT of $250 profits to get anywhere near the amount I'm down on UWTI....and USLV...forget about it...screwed on that stuff... Gotta go up $3 to get my money back...

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45 Re: STOCK: UWTI on Thu Jul 23, 2015 1:35 pm

If it makes you feel any better (probably not though), I'm holding about $10K of unrealized losses in my account.  Please donate to my crowdfunding page, www.saveVAbobsPortfolio.com to help me out of this mess - haha! 

Things will turn around though and we'll be celebrating one day.  Just hopefully soon, for our sanity's sake.  Very discouraging right now though.

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46 Re: STOCK: UWTI on Thu Jul 23, 2015 2:21 pm

Yep...down $9700 unrealized...bad news.....
Good news is $9500 of that is profit from 1-09-2015.....so my (wife's) principle is intact....knock wood!

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