Yeah, and what is the reason for BOIL to have been such a great short, compared to the underlying ?? Not trying to be difficult (I understand "time premiums"), just that regulators (FED) have favorite winners and favorite losers. Trade accordingly.
What information have you seen that recommends daytrading ETFs using a Monthly chart? In related post - How long can you safely hold 3x leveraged etf? https://www.elitetrader.com/et/thre...ly-hold-3x-leveraged-etf.372366/#post-5754866
With most ETFs the contango is minor over a few days but look how far boil is from NG futures in the short amount on time on the 30M chart. This chart has the same rectangle as the BOIL chart above. Quite a bit of difference from a TA perspective. NG contango is even worse than 3X leveraged charts. If he's adding to a position he's not "daytrading".
That's right, he's not. Not this anyway. This is currently my only buy & hold. There is an interesting article in the WSJ about natural gas.
good point. Sideways, choppy, and moves opposite to an entry will cost the buy and hopers dearly. Keep your eyes on your fries.
Nice morning star doji at support there Friday too fwiw. https://www.elitetrader.com/et/thre...t-right-here-baby.343012/page-39#post-5762754
Last time I checked the cal it was mid Feb, which is Winter, which is does not usually rate a 60 on the heat frequency index there, Kenneth, lol. So the Cal gives an intrepid realist the odds that colder weather will return before warmer weather returns, no? NWM are you from New York perchance? https://www.goodreads.com/author/quotes/2192.Aristotle