Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

I've never done it before. I think there’s a few in here that do.

anyone have any recommended YouTube videos on it?

 

I’ll be poor if it doesn’t lol

 

$50?

You might as well buy a lottery ticket.

 

If it can get back to $20 I’ll be happy

 

Even that will very likely mean underlying assets reaching above their current 12 month highs

 

Lol I’m just in denial.

 

Everyone just needs to dump NRGU and then they can pass the stimulus and oil will pop and I will get 30% back

 

I’ll be very happy with $6

 

You should be. That’s a nice week of underlying assets up 5% daily. That pretty much puts them back where they peaked in June.

 

I've good news for you then.....I bailed 3/4 of my position over to IXC. BUT the problem for you is that it's an ETF with XOM, BP, a few others - so because I bought that, the underliers now have to do poorly too.

Remember: always do the opposite of me, and you'll be good!

 

My expectations are too high. I’m having dreams of it hitting $50 again lol

 

I'm thinking now that I've reduced my holdings, I'll hold it to $10 and let the profits ride after that? Who knows. Might bail at 5 and chalk it up as a lesson - 3x ETF are good for a week at the longest. Will probably become part of my strategy.

 

I mean, now I’m starting to doubt it even hitting $10

 

If it hits $4.75, I can escape lol

 

Anything is possible.

 

Speaking of NRGU, does anyone really know why it dropped 94% (from 52-week high to current price)? None of the underlying assets dropped anywhere near that amount at any point, even at the March lows. I don't know anything about leveraged ETFs but this seems a little extreme. It actually makes no sense to me.

 

Pretty simple, 3x leverage, so if XOM and others are down 30% from Jan 9, triple that for nrgu. It’s not exactly linear do to the NRGU decay that occurs, but you get the idea