shillllihs
6,093 posts
msg #133477
- Ignore shillllihs |
1/2/2017 10:38:07 PM
Been trying to work on a new system involving buying units on gaps up and down.
Seems very interesting most will fill quick locking in profits, while others will take several months.
Not sure how many units, if I should set sell limits if they run too far against me, or if it's even worth the effort for the profit involved. Was looking at Xiv and Uso.
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shillllihs
6,093 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
6,093 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
6,093 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
6,093 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
6,093 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
6,093 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
6,093 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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