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Post by bankedout on Sept 16, 2015 13:08:45 GMT -5
My conditional order to buy DSLV triggered today and I was filled at $67.01 for about 20% of my account value. My conditional sell order triggered for DSLV and I was sold out at $63.42 today. |
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Post by bankedout on Sept 16, 2015 13:10:01 GMT -5
Gold weakened a bit today, so I added another 20% of my account value in DSLV. I was filled at $68.52 My conditional sell order triggered for DSLV and I was sold out at $63.42 today. |
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Post by bankedout on Sept 16, 2015 13:12:36 GMT -5
My conditional buy order (based on the price of SLV) triggered today for DSLV and I was filled at $72.97 This was about 50% of my IRA account and 30% of my cash trading account. My conditional sell order triggered for DSLV and I was sold out at $63.42 today. This series of trades over time in DSLV also shows the decay of this product. It seems like a product that if you are watching paint dry, you best be out of the market. In fast moving markets, the product can do well. |
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Post by bankedout on Sept 19, 2015 11:45:57 GMT -5
My portfolio is essentially 100% cash (except for my FUTU lottery tickets), so nothing to report here at week's end. However, continuing the discussion on widely varying prices and trading: For those of you who have read Benjamin Graham, (if you haven't, you should) you are aware that he acknowledges speculation as being valid, and recommends that the speculator choose instruments which widely vary in price over time. Not that he encourages us to speculate, but if one would choose to do so..... DGAZ (and UGAZ) are widely variable instruments. It is not abnormal for these to double in price (or be chopped in half).  click for a larger image The primary trend for Natural Gas is down:  click for a larger image You can see waves of buying pressure falling short of previous waves of buying pressure. Likewise, selling pressure has created new lows over time as well. I am considering a position in DGAZ. Again, try to get in with a tight stop, and hope for a large gain to materialize. If not, take your small loss. T would be a good example of an instrument a speculator would not want to operate in:  click for larger image Assuming volatility to remain similar over time, there is little profit opportunity. Yes, you can have a tight stop, but there isn't likely to be a large possible reward. Obviously volatility of an instrument can change over time, but some instruments have demonstrated themselves to be consistently volatile. My 2 cents. |
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Post by bankedout on Sept 23, 2015 14:16:12 GMT -5
My buy stop triggered for DGAZ today, and I was filled at $7.07 for about 50% of my account value. My sell stop is set just below today's low in case I am wrong.  |
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Post by bankedout on Sept 23, 2015 16:15:08 GMT -5
In consideration of the idea of putting all of one's eggs in one basket may not always be the best idea, I have increased the size of my watch list to open up more trading possibilities. Most have demonstrated some volatility in the past.
Volatility XIV & UVXY
Crude Oil UWTI & DWTI
Natural Gas UGAZ & DGAZ
Gold Miners NUGT & DUST
Biotechnology BIB & BIS
Semiconductors SOXL & SOXS
Russian Equities RUSL & RUSS
Nasdaq 100 TQQQ & SQQQ
Financials FAS & FAZ
Energy ERX & ERY
We'll see how that list goes for a while.
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Post by bankedout on Sept 24, 2015 14:22:53 GMT -5
My buy stop triggered for DGAZ today, and I was filled at $7.07 for about 50% of my account value. My sell stop triggered for DGAZ today and I was sold out at $6.76 |
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Post by bankedout on Oct 13, 2015 17:08:54 GMT -5
My buy stop triggered for DGAZ today and I was filled at $8.01 for about 50% of my account value. My sell stop is set just below today's low in case I am wrong.  |
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Post by bankedout on Oct 14, 2015 12:49:10 GMT -5
My buy stop triggered for FAZ today and I was filled at $47.435 for about 50% of my account value. My sell stop is set just below today's low in case I am wrong.  click for a larger image You can see that US Financials have been weaker than the overall market, and the current buying wave fell short of the prior 2 buying waves. This could indicate further weakness.  click for a larger image The buying and selling pressure is distorted in the inverse leveraged product. |
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Post by bankedout on Oct 14, 2015 15:11:34 GMT -5
My buy stop triggered for DGAZ today and I was filled at $8.01 for about 50% of my account value. My sell stop triggered for DGAZ today and I was sold out at $7.74 I am not having much success in getting a position started in short Natural Gas lately..... |
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Post by bankedout on Oct 15, 2015 12:22:44 GMT -5
My buy stop triggered for FAZ today and I was filled at $47.435 for about 50% of my account value. My sell stop triggered for FAZ today, and I was sold out at $46.94 |
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Post by bankedout on Oct 20, 2015 12:05:46 GMT -5
My buy stop for DGAZ triggered today and I was filled at $8.36 for about 50% of my account value. My sell stop is set just below today's low in case I am wrong.  Am I a glutton for punishment? Natural Gas remains weak. I have taken a few small losses trying to get a position established. We will see if this attempt works. |
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Post by bankedout on Oct 24, 2015 12:24:00 GMT -5
Never give up! My short natural gas position finally survived more than a day......  Natural Gas continues to show weakness with a series of lower highs and lower lows:  click for larger image |
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Post by bankedout on Oct 25, 2015 16:15:11 GMT -5
Crude Oil traders who bought the recent low are probably starting to get pretty frustrated:  click for larger image My guess is that if prices move below the little upward sloping line of support, we could head lower. At least to test the prior lows, if not to head for all new lows. |
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Post by bankedout on Oct 31, 2015 12:01:36 GMT -5
My portfolio as of 10-30-15:  DGAZ continued higher, however on Friday there was some serious profit taking:  click for larger image |
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