now very tempted to go dwti!

i keep telling myself never hold overnight, yet i do sometimes - that's the danger...

entered earlier at 275, will get out later.

crude is weak today, no chance for rebound.

it can gap up or gap down...

these 3x things, should do day trades like recommended.

brokerage fees - that's a diff issue but is a real cost.

can only the next best thing - buy at qty that is min brokerage so as not to lose even more.

i just got out at 287.

never mind it goes to 300 later.

can sleep good and early tonight.

http://www.zacks.com/stock/news/99558/4-wa...t-oil-with-etfs

PowerShares DB Crude Oil Short ETN (SZO)
This is arguably the least risky of the bunch, offering investors -1x short exposure to WTI crude. The ETN is rebalanced on a monthly basis though, so decay rebalancing issues are minimized, while it also adds in the yield from short-term T-bills as well (read Three ETFs for the Unconventional Oil Revolution).
The product charges investors 75 basis points a year for exposure, making it a relatively cheap choice in the inverse ETF market. SZO doesn’t have that much volume though, so bid ask spreads might be a little wide in this fund.
- See more at: http://www.zacks.com/stock/news/99558/4-wa...h.g7Fijq2g.dpuf

at current levels, crude is hypersensitive.

wti 30.4x.

dwti 318.

becos...
think a jittery session ahead...

caused by "weak $"... don't really know what that means...

Held some DWTI from yesterday, feeling some hurt today.
But made some damage control, bought in some dwti @ 272 and sold @ 285.
Still holding some pricey dwti, haha.. hopefully the next few days will see oil back down again.

the way it was said...

despite the buildup in oil inventories, the soft mfg data had the market seeing a reduced chance of a fed rate hike in 2016 as reflected in fed funds rate.

the usd dropped 1.8% against eruo at one stage, so crude price went up.

looking at the usd/euro chart and crude price, yes, strong correlation in the last few hours.

question is how much more effect will there be in the next few days...?
anyway, i'm prepared to cut loss in the next hour.

looking at loss of 10% or so...

u may get rate of 4.10 tmrw.

usd lost 2% to euro at this moment.

haha, approx 1 iphone. But its worth the lesson learnt.
But hope to recover in the next few days!

how can crude price recover?!

crude shooting up, fast n furious! unbelievable !!!
i am dead. still holding at relatively high cost. may need to average down. damn crude!

but CIMB trading limits based on deposit or paid up stocks more generous than HLEB.

paid up: 1x
cash, sales proceeds: 2.7x

very hard to play.

i got in/out fast uwti in 202, out 210.

now it's 197.

think better stay away from these explosive stuff for a while... go back to normal ones...