Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Monday, February 29, 2016

First Order Submitted with RobinHood app

Tonight before bed I placed my first stock order with RobinHood. 

Markets are closed (it's 2am MST) and the app did NOT give me an option to buy during extended hours. 

I put in a Limit Buy order for UWTI at $1.45 per share. (China's market has dropped gain so hopefully oil continues dropping.)

The Last Day's closing price was $1.65 and in the premarket it's down to $1.58. I think with fluctuations in the morning it will dip below $1.50 and hopefully I can get it at $1.45 "or better". 

Since RobinHood does not charge per trade fees (commissions) I could have put half of my planned purchase at one price and waited for the other half to watch it during the day for the potential to keep my average price as low as possible. 

I could have also split my UWTI investment into two Limit Buy orders at different prices to protect myself from a significant price plunge. 


Thursday, January 21, 2016

Day Trading Opportunities for January 2016.

Market fluctuations can offer excellent day trading and swing trading opportunities.


TQQQ
Provides 3x the performance of the NASDAQ.
Thursday, 1/21 range for the day 79.86 - 86.01
Wednesday, 1/20 range for the day 73.91 to 83.88



SDOW
If you find indications that the market (Dow Jones) will drop during a trading day, you can short the performance of the Dow with this fund.
1/21/16 range: 22.25 - 23.78
1/20/16 range: 23.09 - 24.76




UWTI
If you think oil is going to go down, then up during the trading day, UWTI can yield nice gains in a single day.  UWTI is designed to have a 3x performance of the U.S. price of oil.
1/21/16 range: 1.50 - 1.86

UWTI on 1/21/16


SCO
If you think oil is going up, then down in the same day, keep an eye on SCO.  It does a 2x short of the price of oil.  The SCO and SDOW charts for the week of January 14 to 21 look very similar.
1/21/16 range: 201.56 - 237.40