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.