Selling TZA again for now.....the action is still to slow for me.
Waiting for a better set-up to short small caps and it should be soon.
Good trading.
Sold TZA @ 17.10
Reducing my JNUG position and selling some shares...
Trading account
1/13/2014 1126 AM ET JNUG Sold JNUG @ $19.31 Executed
Trading account
Bought some NUGT....a nice move up in JNUG today....Get those darn Bears......
1/13/2014 1141 AM ET NUGT Bought NUGT @ $31.4356 Executed
Sold USLV and will use money to buy the miners.....
Last edited by robo; 01-13-2014 at 10:37 AM. Reason: Update
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Selling TZA again for now.....the action is still to slow for me.
Waiting for a better set-up to short small caps and it should be soon.
Good trading.
Sold TZA @ 17.10
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Sold my TZA to early today for sure...looking for other ops to short the major indexes....short-term trades only!
Good trading.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Plenty of dip buying going on today for SPY and total stock market type funds....
Money Flows: Buying on Weakness - Markets Data Center - WSJ.com
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
All 5 of my paid services are now long the miners….and 3 other free ones are also buying….Will that be the end to this short-term move up, and we now start a wave 2 down?
For now I say all aboard!
https://www.google.com/search?q=indi...train&tbm=isch
http://stockcharts.com/h-sc/ui?s=$HU...76&a=290636225
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Ha....isn't it true. It's never easy day-trading....Wins over losses for sure!
I would like to take more position trades, and less day-trading, but I will not go long the major indexes. I'm keeping my eye on EEM for a possible set-up, and it's starting to look better. Kaplan likes it, but he is always early....ha...I have the same problem.
Nice move up in the miners today!
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
I'm sure liking this JNUG trade....to bad I sold so many shares this morning, but that's what Risk Management is about and day-trading these crazy 3X indexes is very risky! I don't even like holding them over night, and will normally take gains this big very quickly. Position trades and trailing stops are for normal trading (1X indexes) and not these high risk junk food indexes that the crooks use to take money from retail traders.
Good trading.
Current data, but changes by the second up an down....Again, this is a short-term trade and not a position trade.
Total Mkt Chg ($|%): 16.95%
Portfolio G/L ($|%): 30.11%
JNUG: Summary for Direxion Daily Junior Gold Mine- Yahoo! Finance
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
I hear ya. JNUG is going ballistic. Nice trade.
By the way, saw some trailers for a new movie while watching football over the weekend. You "Robocop" the movie star? Heh.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
MrJohnRoss,
Ha....I liked the 1st Robocop so this one should be better. I really like action moves for sure, but no, I'm no Robocop these days. Getting around ok, but still have some health issues. I think most of us do once we hit the 60's....
Thanks on the JNUG trade.....I always sell early using these 3X indexes, but after the last year of so many wipsaws you hate to leave double digit gains on the table. I'll hold GDX and GDXJ for my position trades, and I still have some shares of JNUG and I bought NUGT back again this morning. I'll sell them both if this rip continues higher, but will wait with remaining shares since my position size is now much smaller and I can hold over night.
I sure sold my TZA to early this morning, but holding any kind of short position in this market has not been good to your trading account, and holding short 3X indexes is not to be held very long.....Been there and done that, and it wasn't pretty.
Good trading to you and I always read your comments.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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