shillllihs
6,003 posts
msg #133484
- Ignore shillllihs |
1/3/2017 11:14:03 AM
Trying to figure out which leveraged ETF best follows USO. It will be a monster for years to come.
Maybe it was Uwti and that's why they axed it. Gush, Erx etc...
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shillllihs
6,003 posts
msg #133485
- Ignore shillllihs |
1/3/2017 11:28:40 AM
Looks like OLO
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pthomas215
1,251 posts
msg #133486
- Ignore pthomas215 |
1/3/2017 11:55:37 AM
shillihs, I havent found consistency with a gap up/gap down system. If I did, I would share it. Just that divergence filter I posted somewhere else, which works fairly well.
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shillllihs
6,003 posts
msg #133487
- Ignore shillllihs
modified |
1/3/2017 12:23:12 PM
Guess olo is not the leveraged ETF. Can't find anything for Uso.
I worked out the gap strategy. Been thinking of doing it since 07, just wasn't sure how to set it up.
My other strategy that I have just implemented is GO LONG USO, 70%, and save 3 units as counter plays
on gaps up. LONG will be held till USO approaches 100 so I guess I'm done looking into new strategies. Great system if I do say so myself.
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shillllihs
6,003 posts
msg #133488
- Ignore shillllihs |
1/3/2017 1:00:38 PM
Awesome, tweaked strategy since I found uwtif is still around.
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Kevin_in_GA
4,599 posts
msg #133490
- Ignore Kevin_in_GA |
1/3/2017 1:25:21 PM
UCO and SCO.
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shillllihs
6,003 posts
msg #133491
- Ignore shillllihs
modified |
1/3/2017 2:01:29 PM
I thought Uco but didn't seem right, but maybe.
So to anyone out here, how would you set up this strategy. I know Uso will go to 100, I also want to play
the gaps up as a counter play. Would I stay long Uwtif, and counter with Dno long, or would I stay long Uso and counter with either dwtif long or uwtif short, and at what ratio. Right now I'm going
70% Uwtif long and shorting using Dno long 30% as a counter play when it gaps up.
I think this will make a lot of money so want to get it right. Do believe uwtif could go to
500 before splits.
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shillllihs
6,003 posts
msg #133495
- Ignore shillllihs |
1/3/2017 3:04:18 PM
Or maybe I'll play the down gaps with Uso. So many options.
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shillllihs
6,003 posts
msg #133515
- Ignore shillllihs |
1/4/2017 12:03:03 PM
Trading around a core with UWTIF, 100k.
Not sure if it will take 4 years or 8 years til this hits 500 to turn this into 2-3 million.
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shillllihs
6,003 posts
msg #133516
- Ignore shillllihs |
1/4/2017 12:06:51 PM
Find a beaten down sector and trade it long term buying gap downs. Pay yourself a small
monthly dividend in case you are wrong.
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