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I just bought in on about a third of my desired position at $44.47. I am going to wait on the remainder for right now. I don't think it will go much lower than the $40 area right now, but I might be completely wrong on that. I'm going to look to add if we fall another 5-10% or so

I knew the SVXY ship wouldn't set sail without me lol, earlier this week I closed out the position I was building...thinking it is probably about time to start entering it again now. I'll do the same as last time and start entering across a few days given the decent fluctuations. What are you...

Or just pick a different strike

I actually thought about him immediately after my post. Such an intelligent guy who has consistently made very good returns I believe.

Corrected lol

Hmm Rallymode, sellindexvol, garachen, Mav, Handle123 lol Idk John Arnold comes to mind, I've always been really impressed with him. He did incredibly well with Nat Gas. I'm not sure who else I would say as top 3. There are quite a few big names and controversial ones, like Steven Cohen.

Investors or traders? Investors probably: Warren Buffet - obvious reasons Peter Lynch - Made some very high returns in the Magellan Fund. From 1977-1990 he averaged 29.2%...IN A MUTUAL FUND Michael Burry - Extremely intelligent, dedicated, and talented guy

I was in SVXY this morning, but scratched it around 45 and am just going to wait for now

Are they just short on cash or something? Seems like 10% return on your money either sounds like they A. want to help you out/generous B. just don't have enough for a down payment and are willing to pay a high rate for it. Your sisters deal seems like the best, take the $100/month from rent...

I've got some call spreads on USO ranging from Jan 2016 to jan 2017 that I put on last week....the strikes are pretty close together though so the problem is even when they are in the money, they are so far out date wise that it is going to be quite awhile before I can lock in the max profit on...

Are any of you all messing with SVXY? I've start building a small position this week adding on the dips. I was contemplating selling half while it was up today, but didn't act. That is okay though, I am quite comfortable adding more to it if we fall further. I am still at less than half of my...

Looks like I sold a bit early lol, oh well profit is profit!

correction, thank you @S2007S !

I ended up buying at 2.76 yesterday and closed at 2.94 this morning. Thank you for the suggestion!

I just sold NUGT. I bought yesterday for 2.76 and exited at 2.94. Quick little trade

I believe that is correct, so technically it is building value right now while the front of the curve is still inverted, locking in the gains and rolling to the next contract.

Exactly lol. I am of course averaging in throughout all of this from my contributions, but that is just twice a month.

Now I am faced with a 401k dilemma.....buy back in at these lower prices and settle for outperforming the market by 7% or so roughly (I will of course get the end of day pricing so no trying to get the intraday low or something), sit on my hands and wait, OR slowly start moving back...

I don't follow gold, is it just down big because the selloff in gold?

Last night was not nearly as good and it made it worse that I increased the bet size to closer to 2%. Because of scratches on my original picks my total # of bets was a bit lower. I bet on 5 races and only hit on 2. Luckily those 2 both paid out decently well. I lost 25% of my total wagered...