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$Velocity Shares 3x Long Crude Oil ETNs linked to the S&P GS...
$Velocity Shares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER (UWT.US)$. keep in mind guys that with this one it is important best as a swing trade you make most of your money daily and it resets and drop back down so with that said they're also leaving it April 2nd it will happen to exist April 2nd so don't hold it
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Mark Padilla : I'm sorry I don't understand. I thought we are holding until it raises? am I suppose to sell it
Lou Blacksail : Wait, how do you know it will cease to exist after april 2nd? Also, will this affect OILU at all?
Trader-101 OP Lou Blacksail : https://www.businesswire.com/news/home/20200319005840/en/Citigroup-Announces-Acceleration-Series-ETNs.
Trader-101 OP Mark Padilla : we are we got in cheap enough to where we're going to benefit it will make you money before April 2nd got posted yesterday
Trader-101 OP Mark Padilla : if you want to go long go with WTI if you can go long term
70065450 : 25 dollar per etn how to price in per share?
Mark Padilla Trader-101 OP : So, correct me if I'm not understanding properly. UWT will have it's balance reset everyday at the end of the post market. It's best be purchase it Pre market and swing trade it and by April 2nd it will cease to exist. Am I understanding this correctly?
pavanb : Why ETRADE is not allowing me to buy this?
Trader-101 OP Mark Padilla : yes it's best to purchase pre market and sell daily or the swing it to pre-market the next morning what resets is to Delta that multiplies your leverage
Trader-101 OP pavanb : I don't know you should be able to eat trade owned by citigroup
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