NRGU - Big Oil Index X3 Leverage ETN
All,
I traded this from $1.50 to $3.00. So if you don't trade ETFs or ETNs then I would not suggest buying these. These are EXTREMELY sensitive to the market. It will swing fast and hard and you have to have market stop losses. With news of re opening and it being O&G personally I can see it going up.
Economy - Oil and Gas: Reopening = bullish (fast)
Economy - Oil and Gas: Negative or bad oil news = bearish (fast)
I traded this from $1.50 to $3.00. So if you don't trade ETFs or ETNs then I would not suggest buying these. These are EXTREMELY sensitive to the market. It will swing fast and hard and you have to have market stop losses. With news of re opening and it being O&G personally I can see it going up.
Economy - Oil and Gas: Reopening = bullish (fast)
Economy - Oil and Gas: Negative or bad oil news = bearish (fast)