In this [OILU | OILD | Leveraged ETFs to Long & Short Oil | Quick Take] video 🎥, we will be focusing on some new ETFs that was mentioned in our live chat last week – the Micro Sector Oil and Gas Exploration and Production Leveraged ETNs. These 3X leveraged ETNs (exchange-traded note) are a great addition to our research sheet and we will compare it to some other leveraged ETFs such as GUSH and DRIP.
We will start by discussing the risk profile for OILU and OILD, the long and short versions of oil. These ETFs have shown strong performance in the past, with a potential for significant gains. However, it’s important to note that these ETFs are not optionable and have low volumes which may present some liquidity issues.
The Micro Sector Oil and Gas Exploration and Production ETF is 3X leveraged and its performance is closely tied to the WTI price and cash, making it a sensitive investment. We recommend keeping an eye on the WTI price using symbols such as /CL on platforms like ThinkorSwim.
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📖 CHAPTERS 📖
00:00 – OILU OILD
05:46 – BeachBum Trading Sites
06:34 – Discord Invite
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#Oil #etfs #OILU #OILD
📝 REFERENCES 📝
📝 Weekly Trading Game Plan Notes for 10/14 – 10/18/24 – Part 1 👉 https://docs.google.com/document/d/1wLvjbW9gJhJ6NJ9hTOEATUW1G098KCFgtMZy8dwwcNQ/edit?usp=sharing
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