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$Direxion Daily Energy Bull 2X Shares ETF (ERX.US)$ I have f...
$Direxion Daily Energy Bull 2X Shares ETF (ERX.US)$
I have faith the oil market will go up higher but over the past few weeks the oil market is heading downwards. I’m bullish in the bearish market and with banks downgrading so many of these O&G companies I’m wondering should I exit and renter again when I’m seeing uptrend. any advice?![]()
I have faith the oil market will go up higher but over the past few weeks the oil market is heading downwards. I’m bullish in the bearish market and with banks downgrading so many of these O&G companies I’m wondering should I exit and renter again when I’m seeing uptrend. any advice?
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Crazy over US ETFs especially leveraged ETF. Go big or go home.
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iamiam : the market is going to be bad for a couple months, still energy could get wild swings, but overall go down before reversing again after a couple months (September is my guess)
TinkerB3ll OP iamiam : Thanks @iamiamjust feeling should I exit and go for DIG and get back in again when the energy market is going up. Just feeling that the more I average down the market is going against me haha. Love to hear your honest opinions.
iamiam TinkerB3ll OP : not sure about that, gas is getting crushed. this would be good for after gas recovers at the end of summer. Averaging down is rough unless you have a long time frame and outlook, you can incure losses and keep incurring them until you become profitable. I would say to hedge but hedging now is difficult because it's price is in a range so there is nothing really to gain either way, just picking up pennies. I wish I had some better news but the markets are wild as they are pricing in a recession and the FED over-correcting...
Dons hobby : iam this is off topic but what do you think about IAUX " Gold Mining Stock ". How can I send a message directly to someone I have no clue how to do that
TinkerB3ll OP iamiam : Thanks @iamiamyes I know man this is so frustrating I felt that I’m sandwiched in between until the market know what they want to do
iamiam Dons hobby : that's a jr miner, looks to be peaking or near just by a quick look... gold in general should sell down further, I expect maybe a crash to below 1500 even, I am weary of most all stocks and dont want to hold anything I cant hedge.
Dons hobby iamiam : Thanks I am I appreciate you not getting in now thanks