Ouch. I rarely play with those type of investments. I'm smart enough to know I'm not smart enough to win over time with them. I'm more a buffet investor where I need to know what the company does and why we need their product/service. Then I buy and hold for a long time. I probably haven't sold anything in a decade, there are two red lines RY (bought because everybody said Canadian banks were important in a portfolio) and C (although dividends on C means it is still up).I turned 100k into 20k with some great picks (HOU collapsing and moving down when oil was rising it should have doubled but instead went to 1/4 did a lot of the work for me) put the remaining 20 into PWM at 29c lets see what happens.
Was a major burn bought at 2.50 sold at 1.30 should have been over 5 when I sold. What is the r/s?HOU. Same ****. Bought it the other day when oil was $1.50, on the way lower. Ever since, it trades worse than HOD. Then I see a r/s at 1:20, tomorrow, I think.....grrrr
You did good! $2.70, didn't sell.Was a major burn bought at 2.50 sold at 1.30 should have been over 5 when I sold. What is the r/s?
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|BetaPro Crude Oil 2x Daily Bull ETF||HOU||1:20|
When they changed to 1:1 I held on a bit longer thinking it would come back but saw it moving opposite oil got spooked and bailed should have bailed sooner.You did good! $2.70, didn't sell.
After the close of trading on Tuesday, April 28, 2020, on the Toronto Stock Exchange (the "TSX"), the shares of the ETF will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a post-consolidated basis on Wednesday, April 29, 2020, the effective date of the consolidation:
ETF Ticker Consolidation
BetaPro Crude Oil 2x Daily Bull ETF HOU 1:20
That's a wise comment for any money going in the market right now. I think it has recovered based on craziness not anything remotely related to reality. I expect a much bigger dip to happen. Will states locking down again do it, will it be dismal earnings and even worse forecasts or will it be the second wave that many people are pretending might not happen? I can't time it exactly, but I expect before october, the market will take a hit right between the eyes.wouldn't risk anything you can't afford to lose though