I've put a little bit into UWTI today @ 2.3 Let's

>>1037120
Are you dumb.

>>1037183

He is dumb.

Wait for the summer to invest in UWTI/oil in general dumbshit

>>1037311
>implying you wouldn't still tap dat ass

>>1037183
>>1037188

kek.

>>1037193

What I'm looking for is cash flow from DWTI going into UWTI, since the smart money is realizing profits on DWTI, and it's going to be much harder to make the same range of profits at 300+ than switching to UWTI at less than 3.

>>1037311

>straight men actually turn pic related down
>you'd probably have to be gay to find her even slightly attractive

>>1037120
So were you smart enough to sell out of UWTI while oil was briefly up today?

>>1038629
I plan to sell when DWTI is stabalized.

>>1037120
you do realise if you hold that leveraged garbage longer than a day youll get ass raped

>>1038675
If you held DWTI more than a day, you got assraped. Right?

Since you can only hold uwti a day at a time (I think) what's a buy and hold item on the same market. I'm thinking 6 month hold.

>>1038684
If oil wasn't in this consistent, downward trend, then yes. Yes you would get assraped. These 3x leveraged ETFs are not for buying and holding hoping for a change in the trend in the future. They're for taking advantage of the current trend, such as oil's current decline, and getting the fuck out quickly. The way these things track the market is wonky, so unless oil goes back up very soon and very dramatically, you'll never make back what you've lost the past two days.

Im holding dwti until tomorrow.

Down 50 bucks atm because i bought near the peak but it will bounce back right?

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>>1038984

>>1038987
Is that a yes?

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>>1038993

>>1038993
>dwti
Don't play with oil if you don't want to get burned

Honestly tho, if you really can't tell, set up some way to cut your losses. You and half of Wall Street might be in over your heads, but at least you can mitigate the damage.

Tbh senpai, im kind of going yolo here.

Im down a lot on my portfolio and Dwti is my ride out.

I absolutely need it to gain big time or else im kill.

>>1038984

bro it seems like it'll be down to $20 in no time.

>>1037961

DO I SELL MY SHELL SHARES

I feel like I can just hold for a few years and ride out the storm, but it feels bad man.

>>1039096
if in dwti and you have profit, yes

>>1039107
Do you have any more of this girl?

And nope, I'm long on Shell (oil major).

Down about 11%. :c

kek at the pics being deleted

>>1039057
FFS, dwti tanks because goddamned China imported a ton of oil last year.

Down 50 bucks, again.

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>>1039885
t minus 8 minutes until margin call

>>1039885
did you at least get out today

>>1040622
Im still holding on.

The China news was swept under the rug due to latter news of oversupply in American oil, so I made a small profit in the end.

Im now hoping for the oil to drop below 30 and im gonna short the s&p.

>>1040754
i really hope you seized the chance to get out.

>>1041945
Nope.

Got proper fucked, again.

Hopefully tomorrow will be the day.

>>1040078
i loooooove the jew meme xDDD

>>1042305
looks like you'll get your shot
i would laugh my ass off if dwti went up like 75% today

>>1043152
well, it wasn't 75%. But 13% ain't bad. DWTI is back to killing it!

>>1043152
Yes my pay day finally came.

Made a pretty nice profit in the end. :)

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>>1044268
>>1044269
>when ya UWTI position down 15%

diamondback petroleum