Dow?
- Thread starter irvinehomeowner
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Sold my DTO hedge. Since this trade, DTO was up ~12% and PBR down 6% (nice to get some gain even though my hope of PBR going up is wrong), so essentially my PBR cost is at the current $5 price. I think PBR is down is mostly due to oil going down and oil should stabilize or back up soon or long term so I'll probably ride this one out.
That's the upside we are gambling on. The stock wouldn't be this depressed if not for the scandal. Once the scandal is behind them the climb back up should begin. Its the whole risk/reward ratio.
What do you guys only pick stocks that are winners?
This shit is luck. You win some you lose some and just hope you come out ahead
yeah its about time it had a good day. i did increase my position to 15,000 shares when it was in under 5.15. i thought about selling everything right before the close since tomorrow it will probably drop 1-3%. but just going to hold those 15K shares for a while to see how it goes.
is this the basic idea? trying to understand the safe volatility trade strategy...
http://www.cboeoptionshub.com/2015/...y-vix-vxx-short-volatility-option-strategies/
irvinehomeowner
Well-known member
And this is why I can't daytrade.
ps9 where are you?
ps9 where are you?
GH said:After all the interest in PBR from this thread, took the plunge and bought PBR yesterday near the close, but hedged with an double short oil ETF (DTO). Looks like today is a good day with WTI oil down but PBR up
Sold my DTO hedge. Since this trade, DTO was up ~12% and PBR down 6% (nice to get some gain even though my hope of PBR going up is wrong), so essentially my PBR cost is at the current $5 price. I think PBR is down is mostly due to oil going down and oil should stabilize or back up soon or long term so I'll probably ride this one out.
ps99472
New member
PBR's volume today is higher than AAPL's, seems like unless you trade pre-market, you'll always be behind. So the audited financials are delayed due to the corruption investigation. And the stock won't settle until the financials are out? Can't win here. And no more dividends for common shares.
qwerty
Well-known member
eyephone said:
That's the upside we are gambling on. The stock wouldn't be this depressed if not for the scandal. Once the scandal is behind them the climb back up should begin. Its the whole risk/reward ratio.
What do you guys only pick stocks that are winners?
This shit is luck. You win some you lose some and just hope you come out ahead
usctrojancpa
Well-known member
That's it, I'm coming over this weekend and teaching you how to trade VIX/VXX options. I'm going to help you earn enough on your trading to get a pimp single story home with a 3-car garage.qwerty said:eyephone said:
That's the upside we are gambling on. The stock wouldn't be this depressed if not for the scandal. Once the scandal is behind them the climb back up should begin. Its the whole risk/reward ratio.
What do you guys only pick stocks that are winners?
This shit is luck. You win some you lose some and just hope you come out ahead
morekaos
Well-known member
There is still hope...
http://www.cnbc.com/id/102504610
Petrobras, an emerging market oil name suffering through low crude prices and a corruption investigation, also looks appealing, Seymour said. The Brazilian giant has been "one of the worst investments to make" in the last few years.
However, as U.S.- traded shares of Petrobras have shed 50 percent in the last year to fall to $5 per share, he believes its tribulations are already priced in.
Trader Brian Kelly believes sluggishness in the wider Brazilian markets has been priced in, as well. Its currency, the real, has taken a dive as political unrest stirs.
Kelly took a short position in the iShares MSCI Brazil Capped ETF in the last few months and said he might cover his short "in the next week or so."
http://www.cnbc.com/id/102504610
Petrobras, an emerging market oil name suffering through low crude prices and a corruption investigation, also looks appealing, Seymour said. The Brazilian giant has been "one of the worst investments to make" in the last few years.
However, as U.S.- traded shares of Petrobras have shed 50 percent in the last year to fall to $5 per share, he believes its tribulations are already priced in.
Trader Brian Kelly believes sluggishness in the wider Brazilian markets has been priced in, as well. Its currency, the real, has taken a dive as political unrest stirs.
Kelly took a short position in the iShares MSCI Brazil Capped ETF in the last few months and said he might cover his short "in the next week or so."
ps99472
New member
http://www.thestreet.com/story/1307...lian-oil-giant-petrobras-is-a-real-worry.html
Too big to fail? Bring the market down? Another Lehman?
Too big to fail? Bring the market down? Another Lehman?
qwerty
Well-known member
ps9 said:
yeah its about time it had a good day. i did increase my position to 15,000 shares when it was in under 5.15. i thought about selling everything right before the close since tomorrow it will probably drop 1-3%. but just going to hold those 15K shares for a while to see how it goes.
USCTrojanCPA said:
is this the basic idea? trying to understand the safe volatility trade strategy...
http://www.cboeoptionshub.com/2015/...y-vix-vxx-short-volatility-option-strategies/