Thread: oleg850's Account Talk

Originally Posted by Luke

Oleg, for those of us that dabbled in NUGT around the $46 range and didn't average down during the trade, do you see any more upside towards $50+?

I suppose it could get there or even higher but if I was confident in that, I wouldn't have closed out my position. NUGT is a dangerous vehicle to hold due to its severe bleed - that's why I prefer quick trades using small position sizes and cost averaging on my buy ins.

Originally Posted by oleg850

Trades update:

Just sold my XIV position at $28.30 from $22.98 entry for a 23% profit (mine was actually closer to 30% since I traded around the position a couple times). Also closed out the remainder of my NUGT trade at $45.05 for an overall profit of 5% (trading around that position and cost averaging helped there). Will pick up a partial NUGT position at $38 if we make it down there in the next few days. I continue to hold my CEF for long term (non-leveraged) bullish gold exposure. The market gods have been kind to my accounts these past couple months!

Both my systems remain on buys (long) at least through COB today, and I am maintaining exposure via TNA and UPRO.

Are you still planning for XIV for a hold to the Santa rally or is this plan out of the horizon since you sold it?

All depends on how price behaves in the coming weeks. My price goals for this trade were met much faster than I anticipated when I initiated the position. I would be a fool not to pocket a 30% profit in a week's time. If the opportunity presents itself in the coming weeks, I will take it. For now, I'm relishing in the monetary gifts Mr. Market dropped in my lap!

Sold NUGT @ $45.75 for a very small loss. Just goes to show you Oleg's advice on averaging down is well worth adhering to.

Originally Posted by Luke

Sold NUGT @ $45.75 for a very small loss. Just goes to show you Oleg's advice on averaging down is well worth adhering to.

Luke,

You're right on, there ! I need to get smarter on those ups and downs.

Set a limit on my NUGT to break even if it kept heading up...triggered the sell for a whopping $8.25 realized gain Considering I was down > $2K at one point, I'm happy with that...better luck next time !

Between the NUGT and XIV trades, made a 7% gain on my small investment...Thanks, Oleg !!!

Stoplight...

Originally Posted by Stoplight

Luke,

You're right on, there ! I need to get smarter on those ups and downs.

Set a limit on my NUGT to break even if it kept heading up...triggered the sell for a whopping $8.25 realized gain Considering I was down > $2K at one point, I'm happy with that...better luck next time !

Between the NUGT and XIV trades, made a 7% gain on my small investment...Thanks, Oleg !!!

Stoplight...

I can surely attest to that. Just closed out my NUGT for a very sizeable loss. Happy to get rid of it and move on. Another hard lesson learned.... Thanks for the advice, Oleg.

Originally Posted by oleg850

For now, I'm relishing in the monetary gifts Mr. Market dropped in my lap!

Mr. Market been berry, berry good to me!

IBM was on sale today, so I added a chunk to my dividend portfolio.

Just a heads up to all you lurkers that are not members of TSPTalk, I will be stiffening up the privacy settings for this thread next Friday, so you will no longer have access to the content contained herein unless you are a registered member. I feel this will benefit all the members on this board and give me more control over who is reading the information I provide.

Originally Posted by oleg850

I unloaded the 50% lot of NUGT I bought at $40 for $42 to mitigate some of the drawdown for the overall trade. Will buy back around $38 if we make it there this week. Holding remaining half for $50 price target. If we get stuck in a $5 trading range for the near term, I will repeat this strategy to get back into the green. Will maintain a 50% position at all times, however.

Oleg, help clarify for me and others; when you sold @ $42 that left you with a 25% position in NUGT. You then bought back in @ $38 (?) thereby raising your position stake back up to 50% correct? And in turn sold today @ $45?

Originally Posted by oleg850

IBM was on sale today, so I added a chunk to my dividend portfolio.

Oleg - Forgive me if you have already provided this but I was curious what stocks do you currently hold in your "dividend portfolio"?