next pay period, I’m going build positions in sark and tark, then just swing trade those back and forth
Buy and hold energy names since dec last year. Some inflation and defense names too. I got rid of my growth and tech stocks.what do you do, options? swing/day trading?
buy and hold gang over here running a net negative
energy on fire, my god. My energy portfolio this year is up 75%
xle
xom
btu
cvx
arch
lpi
Taking profit is never a bad idea. Lock that shyt in. Personally I've put a bit more into natural gas but I manage risk with anything looking at support and resistance levels. Right now energy needs buyers to step up a bit.
I might as well take profits and dont take chance tho unless you are long.
Taking profit is never a bad idea. Lock that shyt in. Personally I've put a bit more into natural gas but I manage risk with anything looking at support and resistance levels. Right now energy needs buyers to step up a bit.
Consumer sentiment lowest since 70s
NGL....this post made my shyt jump just a lilalgebra my friend...one of the few useful levels of math past elementary
x = desired new agv price
y = original # of shares you own
c = your current avg cost/share
z = # of new shares you need to buy
n = new price you're considering buying at
your example would never work as you can't avg down to the current lower price while having shares above the current price, but the formula is
x = (yc+zn)/(y+z) ---> solve for Z
if you had y=15 shares at c=$1.2/share, you want to buy z shares at $1.05 for a desired new avg of x=$1.1
1.1 = ((15*1.2)+ 1.05z)/15+z...z = 30 shares you'd need to buy @ 1.05 to average down to 1.1
Yes i typed all that out because i'm a nerd
The CPI report today is crazy. Feds need to raise rates at a much more aggressive rate, thinking 0.75-1.00.
coal shortage = more nat gas = CHK/RRC