What are your winners & losers today?

[fenders53]

(07-15-2021, 07:50 AM)ken-do-nim Wrote:

(07-15-2021, 07:12 AM)fenders53 Wrote:

(07-15-2021, 05:37 AM)ken-do-nim Wrote: My poor ERX got slammed yesterday.  I had been up 20% on it, now down to just 1%.  Sniff sniff.

Be happy you don't own many spec stocks.  They are getting hammered like early spring.  No choice but to swing trade the stuff.  I don't know where your ERX goes from here.  My reasons are listed on the VBIN Oil thread.

I'm starting to feel stupid for splitting out part of TECL to diversify.

My hedges/diversification aren't working great at the moment either, but keep the purpose of it in mind.  You are near your port ATH right?  Diversification will tame the spikes some.   Would you rather be down 25%?  That is exactly what will happen to you at some point when your sector is ut of favor.  Oil will be fine soon enough, but we are at the end of the range where I wouldn't be triple leveraged.  At some point oil will just go sideways for months.  We'll make some money on dividends, you'll lose every month due to option decay.  Late last year was the time to leverage oil.