Pailin's Trading Corner

Congrats to those who went long over the weekend. That was ballsy. It was the right call.

I've missed out on the party this morning. Will be interesting to see if the miners give us any intraday play or if, as per the trend, all the juice has already transpired in the non-trading hours.

I have added EXK this morning at 10.39.

Watching LNG this morning as well.  It broke down on Friday.  I will go short on the first sign of exhaustion.

This market will go up at least until the 11th hour, but it may continue to climb for the rest of the day.

Sorry folks, I guess my first post about watching below is more accurate.

SIM, you're right except that this week is tricky with OE on Thursday, so unfortunately anything can happen.  But yes, patience first. Direction for this morning is till not clear.

so can we hold into the close?  By the way, I am never sure what people mean by the close, if they mean the comex close at around 1:30 eastern or the end of the day around 5pm - forex pros makes it more complicated as they start their day at 7pm eastern of the day before.

Mine is a case of being right thrice, but still being wrong!  Sitting on your hands, the hardest thing to do....I think it took Livermore a lifetime to figure that one out.

Get your shorts on, man! :)

...and feel alright now. Small positions, I'm a fan of it ;)

Can we say that we don't know if $1750 will hold if tested? It's been big resistance, has it become good support now?

Slow and steady wins the race...

Granny chased this morning. Was wrong about the weekend but whatever.

Now stops in place on PAAS,gdxj,nugt just hit,ugl,cde and slw.

Rebought EXK at open. Why? Because I was faked out of position on Friday. Will hold and average in. Difficult Market. Counterintuitive. Thought the stand aside and light short bet was best for weekend. Instead the Chinamen and the b.s. Greek manufactured news. Whatever.

Taking losses in slivers in GLL and dust. No rush on that.

I guess this is why I daytrade now. There is no predicting large swings that are bankable in this market from one day to the next. Tuesday remains as good probability up day, especially on a shortened week when the SweatHogs, back from the Hamptons and from chasing Ukrainian hookers for 3 days, are anxious to make money.

Now where is the General. I have not heard his trumpet sounded in the field.  His colors cannot be seen above the smoke-laden landscape. Chaos abounds and the troops in the rear are pulling back in fear and loathing, leaderless and jerking about like headless chickens in the open field. For whom shall the bell toll? Who shall step forward to retrieve the fallen flag? Who stands with honor and smiles into the face of rank cowardice? Surely there is one amongst the teeming mass of wavering gray that will launch his spittle into the winds of fortune! Oh General, where are thou? Have ye been so dishonored that you desert your own in this time of dire need? Or do you lay dead,dismembered and unrecognized on the ghostly hallows of yon Hill? Let it not be I say. Let it not be!

Meanwhile General atlee is having a grand ole time on the greens.....