ProShares Ultra Crude Oil ETF: 13.23% Profit
BL | Jan 28, 2013 07:40AM ET
On 19 Nov 12 we had bought UCO (Crude Oil ETF) at $28.26, see 325 pips profit
To trade commodities is very simple, we will observe the trades of the insiders; we will use those information to differentiate buy and signal signals. After that we will check the chart using our designated indicator to find out if the entry point is good. If entry point is good, we will enter the trade using the exchange traded fund (ETF) or buy the stock that will most benefit from the rise of that commodity.
In our view trading commodity ETF has lower risk than buying common stocks. Commodity ETFs are not subjected to risk of accounting fraud or risk of negative earnings announcement or business risk which are hard to predict. If I buy oil ETF, as long as oil goes up, my oil ETF will definitely go up. It is that simple.
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