if the dollar drops dramatically

[stockstradr]

My pick today?

Oil is back under $41/bbl, yet the oil stocks are still too high. I’m going with good ole black gold, crude oil.

I’m buying the ProShares Ultra (2x leverage) crude oil ETF.

Mind you, I’m only buying 3% of portfolio, keeping cash in back pocket for some additional dollar-cost-averaging.

You see part of me wonders if the oil pundits are right; maybe oil could go to $30/bbl. If it does I’ll buy LOTS more.

The last time I bought “UCO” was $15/share on Dec 5th; then it ran up to $17.50 in about five days, at which point I dumped it. Now she’s back to $15/share.

[stockstradr]

Another trade I like today, at least somewhat:

910 on the S&P500? That’s OVERVALUED, given this economy.

I went 2X short the S&P500 today, with 3% of portfolio. Bought SDS again.

Yes, only 3%; I think the rally has more get-up-and-go left in it, which I plan to dollar-cost-average into.

This time I’m not going chickenshit and close those shorts prematurely, even if the rally goes much higher; I’m going to hold these short positions (and add to them) until we see 650 on the S&P500, even it takes a year.

[stockstradr]

Another trade I like today, at least somewhat:

910 on the S&P500? That’s OVERVALUED, given this economy.

I went 2X short the S&P500 today, with 3% of portfolio. Bought SDS again.

Yes, only 3%; I think the rally has more get-up-and-go left in it, which I plan to dollar-cost-average into.

This time I’m not going chickenshit and close those shorts prematurely, even if the rally goes much higher; I’m going to hold these short positions (and add to them) until we see 650 on the S&P500, even it takes a year.

[stockstradr]

Another trade I like today, at least somewhat:

910 on the S&P500? That’s OVERVALUED, given this economy.

I went 2X short the S&P500 today, with 3% of portfolio. Bought SDS again.

Yes, only 3%; I think the rally has more get-up-and-go left in it, which I plan to dollar-cost-average into.

This time I’m not going chickenshit and close those shorts prematurely, even if the rally goes much higher; I’m going to hold these short positions (and add to them) until we see 650 on the S&P500, even it takes a year.

[stockstradr]

Another trade I like today, at least somewhat:

910 on the S&P500? That’s OVERVALUED, given this economy.

I went 2X short the S&P500 today, with 3% of portfolio. Bought SDS again.

Yes, only 3%; I think the rally has more get-up-and-go left in it, which I plan to dollar-cost-average into.

This time I’m not going chickenshit and close those shorts prematurely, even if the rally goes much higher; I’m going to hold these short positions (and add to them) until we see 650 on the S&P500, even it takes a year.

[stockstradr]

Another trade I like today, at least somewhat:

910 on the S&P500? That’s OVERVALUED, given this economy.

I went 2X short the S&P500 today, with 3% of portfolio. Bought SDS again.

Yes, only 3%; I think the rally has more get-up-and-go left in it, which I plan to dollar-cost-average into.

This time I’m not going chickenshit and close those shorts prematurely, even if the rally goes much higher; I’m going to hold these short positions (and add to them) until we see 650 on the S&P500, even it takes a year.

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDWZ7IS0FkmM&refer=home
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated.

The U.S. currency slid to a 13-year low against the yen today and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate yesterday to a range of zero to 0.25 percent, the lowest among the world’s biggest economies. CMC Markets said today the currency’s prospects appear “ominous.” State Street Global markets said the dollar’s outlook has been “undermined.”

“The dollar has been under heavy downward pressure,” said Robert Minikin, a senior currency strategist in London at Standard Chartered Bank Plc. “This move is very well-justified and has a long way to run.” Standard Chartered is preparing to cut its dollar forecasts, Minikin said

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDWZ7IS0FkmM&refer=home
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated.

The U.S. currency slid to a 13-year low against the yen today and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate yesterday to a range of zero to 0.25 percent, the lowest among the world’s biggest economies. CMC Markets said today the currency’s prospects appear “ominous.” State Street Global markets said the dollar’s outlook has been “undermined.”

“The dollar has been under heavy downward pressure,” said Robert Minikin, a senior currency strategist in London at Standard Chartered Bank Plc. “This move is very well-justified and has a long way to run.” Standard Chartered is preparing to cut its dollar forecasts, Minikin said

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDWZ7IS0FkmM&refer=home
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated.

The U.S. currency slid to a 13-year low against the yen today and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate yesterday to a range of zero to 0.25 percent, the lowest among the world’s biggest economies. CMC Markets said today the currency’s prospects appear “ominous.” State Street Global markets said the dollar’s outlook has been “undermined.”

“The dollar has been under heavy downward pressure,” said Robert Minikin, a senior currency strategist in London at Standard Chartered Bank Plc. “This move is very well-justified and has a long way to run.” Standard Chartered is preparing to cut its dollar forecasts, Minikin said

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDWZ7IS0FkmM&refer=home
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated.

The U.S. currency slid to a 13-year low against the yen today and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate yesterday to a range of zero to 0.25 percent, the lowest among the world’s biggest economies. CMC Markets said today the currency’s prospects appear “ominous.” State Street Global markets said the dollar’s outlook has been “undermined.”

“The dollar has been under heavy downward pressure,” said Robert Minikin, a senior currency strategist in London at Standard Chartered Bank Plc. “This move is very well-justified and has a long way to run.” Standard Chartered is preparing to cut its dollar forecasts, Minikin said

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDWZ7IS0FkmM&refer=home
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated.

The U.S. currency slid to a 13-year low against the yen today and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate yesterday to a range of zero to 0.25 percent, the lowest among the world’s biggest economies. CMC Markets said today the currency’s prospects appear “ominous.” State Street Global markets said the dollar’s outlook has been “undermined.”

“The dollar has been under heavy downward pressure,” said Robert Minikin, a senior currency strategist in London at Standard Chartered Bank Plc. “This move is very well-justified and has a long way to run.” Standard Chartered is preparing to cut its dollar forecasts, Minikin said

[peterb]

Averaging down is a losing proposition. Most traders will tell you this. Very risky. Stops at 10%, that’s the rule.

[peterb]

Averaging down is a losing proposition. Most traders will tell you this. Very risky. Stops at 10%, that’s the rule.

[peterb]

Averaging down is a losing proposition. Most traders will tell you this. Very risky. Stops at 10%, that’s the rule.

[peterb]

Averaging down is a losing proposition. Most traders will tell you this. Very risky. Stops at 10%, that’s the rule.

[Author]

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