UGAZ and GLD

trader99 said:
My BIG mistake was putting the limit order for UGAZ at $122. This limit price was NOT based on market price structure but rather on me getting out at a small profit because I was a bagholder since 2017 in UGAZ. LOL. It was based on fear instead of knowledge.

Looking at the charta I realized it was an emerging trend. I even actually bought NG as a daytrade when it broke out from the basically. Ironically I lost money(small potatoes <$100) because it was based on a pure daytrade. But based on a swing trade had I held on I would have been able to participate in the monster rally only a few days later!

Or better yet buy some OTM calls on NG and make 66x as the OP said here: https://www.elitetrader.com/et/thre...to-blow-up-his-fund-and-clients.327102/page-2

Even if it's not 66x I could have easily make 2-3x with only slightly OTM calls instead of deep OTM calls.

The lesson of riding powerful trends...

I still need to learn and master that lesson..
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UGAZ is now $82.52. Though I could have gotten a better price, I'm glad I'm out at $122. I was bagholder of this POS for a year. haha.
 
Sold DGAZ at $85.. .after averaging in 3 times it paid off. Cost average was $4.02 presplit, $80.40 post split!!!


Told you it was going to skyrocket from it's lows!!!!

Still own shares in another account with a cost average at around $88.00


Will buy DGAZ back under $50!!

Now might buy a little UGAZ but probably when NG gets under $3.00
 
S2007S said:
Sold DGAZ at $85.. .after averaging in 3 times it paid off. Cost average was $4.02 presplit, $80.40 post split!!!


Told you it was going to skyrocket from it's lows!!!!

Still own shares in another account with a cost average at around $88.00


Will buy DGAZ back under $50!!

Now might buy a little UGAZ but probably when NG gets under $3.00
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Sold remaining DGAZ shares at around 94 in other account!!! This stock is going haywire!!

Should surge to $120 now since I don't own any remaining shares...will buy back below $50
 
trader99 said:
UGAZ is now $82.52. Though I could have gotten a better price, I'm glad I'm out at $122. I was bagholder of this POS for a year. haha.
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Whew! So glad I got out of this! It's now $57.82. This ETF is not for buy and hold long term.
 
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