$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$I sold half of my position today I averaged a little over 15.25 for the same reason I wanted to own it we've had a movement too far too fast just like there's days that I've owned it and I see oil down and this ETF is going down it doesn't make any sense there's days when oil went up in this ETF was down it didn't make any sense so now we have this huge swing in the price of oil because of what Trump did because of the risk of ...
6
3
Report
David Wang009
:
I sold all my position of DRIP earlier this morning around 15.1, hopefully can get it back around 10$ someday
10baggerbamm
OPDavid Wang009
:
if Trump finds some way to save face cuz right now it's all about as fucking ego he thinks he's winning he thinks oil going down is because of him but not the stock market that's Biden.. have it both ways. Trump can find a way to save face with China to de-escalate and negotiate tariffs where the trade deficit from the US to these other countries is mitigated then you'll see oil rally again and the ETF will fall. I don't know if it's going to happen or not
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$so this is good if you own the ETF oils down over six and a half dollars it's in a free fall the problem is globally right now there's so much destabilization taking place then markets are collapsing they're breaking down and you don't want to see that happen the underlying oil companies that trade on the New York stock exchange their stocks are in a free fall so their stocks going down in conjunction with oil collapsing will ...
10baggerbamm
OPDavid Wang009
:
the market's in a free fall right now oils collapsing stocks are collapsing I have no idea where it's going to go certainly I didn't anticipate this ETF to rise in this way I was expecting it to rise because of oil production within the United States as a result of drill baby drill
10baggerbamm
OPInvestor Dudu
:
yes... I'm in it I bought more when it dropped the other day I've been selling puts at a $10 strike for expiration this up and coming April
10baggerbamm
OPASteffie
:
you bought it late you need to be careful.. today it moved because OPEC said they're actually increasing production in conjunction with the oil stocks getting smacked if we get a reversal in one of the two this will lose a dollar very quickly. the whole premise of this trade is that Trump increases production but short term there's a lot of swings as you can see this was just $10.30 yesterday
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$I've been buying the whole way down I bought 40,000 shares over the past couple of days.. I think the downside is maybe 9.90 but I didn't want to wait for that price I mean maybe it goes the 9.80 the markets irrational right now. I look at it from risk reward I believe in what president Trump is doing in oil prices will fall and this ETF will go back up to much higher than the last rally. so I have a very very large position muc...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$there's developing breaking news right now between a ceasefire between Russia and Ukraine. as of this oil $68.86 down a quarter the two sides have agreed to stop fighting in the Black Sea and agree to banning strikes against each other's energy facilities this is not an end-of-war headline but this evidently is a first step in the process. when Russia agrees and Ukraine agrees and it's inked war is over...oil is going to be ...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$purchased 5000 more today 10.21 avg cost. I think the near-term bottom is pretty much in I mean there might be 10 20 cents and then we're going to flip it and oil prices will be coming down again the oil producer stocks will be coming down and we should see this back up retesting the most recent highs again
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$I'm buying now. oil has increased in price a few bucks because of concerns in the Middle East this is an opportunity to add to the ETF there's people now that are finally breaking direction that we're very pessimistic on the price of oil that are coming out this morning saying we're going to see oil at $50 this year..
3
5
Report
Vivi’s
:
Happy to see your comment in such a bad market.. just bought some.
10baggerbamm
OPVivi’s
:
this is a long trade I mentioned that I've said that an oil has cycles and this is also pegged obviously to the oil stock so if the oil stocks have a good day this ETF is going to go lower but there has to be an understanding that when oil prices go down from 76 to 66 the profit margins for these oil companies are reduced that means they're Outlook goes down their price targets go down and their stocks go down and when oil breaks through 60 to the 50 mark their stocks go down this ETF goes straight up..
Vivi’s
10baggerbamm
OP
:
Yes, I bought this one from your first comment and keep monitoring its movement, almost perfect inverse move with EOG. Believe what we only need is time. Thank you for sharing.
10baggerbamm
OPNaminori なみのり
:
this is an autopilot trade you don't have to panic Trump is doing everything he said and oil prices are going to come down so today it's up 80 cents do you buy it today you could wait I mean I don't know what tomorrow is going to bring it might be down 50 cents tomorrow it was down this morning on the open 12 cents and then it took off so if you buy it here or at a position you might be down 30 40 50 cents today I don't know. however oil prices are going to drop and you do not want to own any of the major oil companies if you wanted to own the ones that deliver the oil like slumberger somebody like that that's different but you don't want to own any company that drills for oil because they're commodity that they sell for is worth less because Trump is in office because supplies going to go up and their profits go down and that's why you want to own this inverse ETF
Stocks that are expected to benefit from a Federal Reserve rate cut. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in Fed Rate Cut Beneficiaries, ranked from highest to lowest based on real-time market data. Stocks that are expected to benefit from a Federal Reserve rate cut. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in Fed Rate Cut Beneficiaries, ranked from highest to lowest based on real-time market data.
U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data. U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data.
U.S. Crypto Concept Stocks U.S. Crypto Concept Stocks
Companies involved in the creation, trade, and services of digital forms of money.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S. Crypto Concept Stocks, ranked from highest to lowest based on real-time market data. Companies involved in the creation, trade, and services of digital forms of money.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners.Displayed third-party logos, brands, or trademark images on screens or web pages are only for identification purposes and remain the property of their respective owners. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S. Crypto Concept Stocks, ranked from highest to lowest based on real-time market data.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
David Wang009 : I sold all my position of DRIP earlier this morning around 15.1, hopefully can get it back around 10$ someday
10baggerbamm OP David Wang009 : if Trump finds some way to save face cuz right now it's all about as fucking ego he thinks he's winning he thinks oil going down is because of him but not the stock market that's Biden.. have it both ways. Trump can find a way to save face with China to de-escalate and negotiate tariffs where the trade deficit from the US to these other countries is mitigated then you'll see oil rally again and the ETF will fall.
I don't know if it's going to happen or not
103715502 : yea let's hope there will be a 10 again