WTIU
UBS ETRACS - ProShares Daily 3x Long Crude ETN
Mentions (24Hr)
0.00% Today
Reddit Posts
Mentions
Your post just convinced me that Trump will bomb Iran to distract from the economy and his place in the Epstein files. Just went long gold, silver, and WTIU
Full port in WTIU and BWET.
WTIU. 3x leveraged WTI play.
"some easy $$$??" This is not meant to be harsh but IMO the easy money has been made. You have European defense stocks up enormously YTD (Rheinmetall has now outperformed NVDA over the last 5 years.) The EUAD etf is up about 65% YTD. Might there be more money to be made? Sure, but a fair amount of people have already done well and may be happy to "sold to you" to anyone arriving to the sector only.after the weekend's events. Energy is still rather depressed vs history and that's not something being discussed nearly as much that may benefit. While I do not like owning ETNs, I have to imagine my position in WTIU will have a pretty good open Monday, as well as the assorted defense names I own.
I bought WTIU, it’s triple leveraged version of an energy stock ETF, which sounds scary, but from looking at its history seems to correlate more with the price of oil directly than other etfs I looked at (ie, it’s not triple leveraged on the price of oil, it’s triple leveraged on the price of chevron et al)
Mostly well-timed TQQQ, SOXL, GUSH, WTIU, KORU. Nothing particularly brilliant about it other than buying and waiting.
Just opened a long WTIU position @8.61 Will buy more of that if I can get any discounts 🙏 But I doubt it. Today fast money came in. I expect more money to come in as portfolios get rebalanced out of the most conservative positions they were in.
Keep learning. I got blown up for -($90,000) on the collapse of the WTIU ETF during covid's onset. I somehow made it all back by 1.5 years later, I have no recollection how. In your case, just recover mentally, then get an investing book or so. Watch the product's competitiveness on the market and off you go.
That’s exactly what I did, WTID Microsectors -3x Inverse leveraged! There was a massive abundance of futures contracts expiring and being sold simultaneously, most of these are 12 month contracts that have a 1-3 day unrealized expiry windows. Last 2 years in November this same price drop happened like today. Once you start seeing a major price drop of crude and futures you can start to time the next drop, what made it obvious this time is the sudden volatility when OPEC tried to BS claim their production cutting was going to hold prices high and it did this small week rally, but it can take weeks for markets to react to supply changes like that and normal sell off on the gains would have only stabilized from the last week low. So a major downwards pressure couldn’t have been just sell offs taking place it would have had to been futures expiring and I was right. I might be looking to buy into the lows this week, we could see a big comeback. Watching WTIU right now.
Nah WTIU 3x, tracks based off USO and Bloomberg. Best if you want to buy cheap for big returns.