$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$so this fast reversal has more to do with oil stocks being bought and natural gas stocks being bought then it does the price of oil reversing oil only went up I think it's like $2.60 I don't know where it is right this very second but about that much off of the pause news so this is the massive shift in the equity positions that's causing this ETF to take a major dump right now. if this does trade down in the next couple of da...
10baggerbamm
OPwtflag
:
have you ever heard of? fair is foul and foul is fair what's good for the goose is good for the gander I think you need to open your eyes you need to understand the big picture of what's been going on
10baggerbamm
OPASteffie
:
oh look I got hammered Thursday Friday last week I was put a lot of stock at Friday's close.. I tell people what I'm buying it's no surprise I sold puts on Tesla I got put Tesla at $9 last week tsll in size.. I bought coinbase on Wednesday I'm not unscathed... I got hammered. and I'm smart enough to understand that this Market being up almost 1,200 points on the Dow and 480 on the NASDAQ it can be reversed in a blink of an eye with comments as an example from the EU that tell Trump go pound sand or if China now comes over the top and says 100% tariffs on everything from the United States and that's very possible. so we are not out of the storm we may be in the eye of the hurricane but just remember there's still the back half of the hurricane coming
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$I cashed out of everything on the minute that the news came out about Japan they want to do a deal and simultaneously literally within minutes Europe came out they said they want to do a zero for zero the market went on a fucking tailspin so I hope everybody locked in their profits because oil is doing exactly what I said if on any news there's a deal something happens oil will have a Fibonacci it will be $5 up very quickly this...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$I'm going to be selling half of my balance of my position this morning I thought we were going to crack a lot harder in the market I thought we would have been down 1500 points but we're recovering right now it's purely speculation on my end and I don't want to say why we're I think we're recovering I've already posted it multiple times this morning I was really expecting to see like $21 $20 this morning on this ETF I thought o...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$FYI for everybody that followed me on this trade I just want to put this out there because you need to have a strategy for what might happen tomorrow I closed out half of my position because I didn't know if president Trump was going to back away from his tariffs this weekend as of right now he has not yielded to any country said anything that would allude to concessions being made if we crash tomorrow and I hope we do not oi...
$Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP.US)$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 ...
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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...
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Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares Stock Discussion
oil only went up I think it's like $2.60 I don't know where it is right this very second but about that much off of the pause news so this is the massive shift in the equity positions that's causing this ETF to take a major dump right now.
if this does trade down in the next couple of da...
Netanyahu met with Trump yesterday at the White House
Netanyahu met with President Trump at the White House and netanyahu agreed to end the trade deficit with the United S...
I was really expecting to see like $21 $20 this morning on this ETF I thought o...
for everybody that followed me on this trade I just want to put this out there because you need to have a strategy for what might happen tomorrow
I closed out half of my position because I didn't know if president Trump was going to back away from his tariffs this weekend as of right now he has not yielded to any country said anything that would allude to concessions being made
if we crash tomorrow and I hope we do not
oi...
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 ...
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 ...
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