Pailin's Trading Corner

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Thu, Jun 23, 2011 - 9:20am
atlee
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sock i do not know. it is

sock

i do not know. it is until it isnt. ultimately we go much higher but not yet i my opinion. be patient wait.

Thu, Jun 23, 2011 - 9:28am (Reply to #697)
Sockeye
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God Bless Atlee

atlee wrote:

still short. rode through the last 2 days short. Lots of pressure.

Damn I admire you for that. You deserve a metal medal. You are definitely a good trader. You have learned the biggest lesson of trading correctly. You listen to your own inner self. You do not follow other people. You have what it takes. I admire you for that.

Hat tip for being the Best of the Best.

You are a Grandmaster among chess players. A king among people.

I hope you get a big profit on this trade. But whatever your inner guidance tells you I will support. I know sometimes taking a loss is the Right Thing to Do. Trading correctly is not about the outcome of the one trade. But following your own inner guidance is always the Right Thing to Do.

God Bless Atlee

I am almost always wrong. But the fun in life is those few times when I am right.
Thu, Jun 23, 2011 - 9:30am
l'idiot du village
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Eiffel Tower
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2nd that

Atlee wrote the best one liner in history. 'better out than in and buried' That's one I'll never have to write down.

Thu, Jun 23, 2011 - 9:32am
Eric Original
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Just bought some UGL

Just bought some UGL

This isn't a metals blog anymore. It's a right wing circle jerk, masquerading as a metals blog.
Thu, Jun 23, 2011 - 9:33am (Reply to #686)
Sterling
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FYI

You can always hit the "bookmark" tab at the original post.

Can I offer you a drink? How about this expensive prostitute?
Thu, Jun 23, 2011 - 9:38am
Sockeye
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averagejoe You can get backup

averagejoe

You can get backup data from NetDania. This is free live real time data on the spot price of silver and gold. It will be a slightly different price from a forward contract price but you will know if the price is going your way or against you and only then you can pull the trigger and exit the market.

try here. do the pull down menu on INSTRUMENTS. at the bottom is silver and gold and other things. you can set it from 1 minute charts to whatever you want along the top.

https://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChart.aspx

If your server goes down this will be better than nothing. 

I am almost always wrong. But the fun in life is those few times when I am right.
Thu, Jun 23, 2011 - 9:45am
Sterling
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Today is another one of those

Today is another one of those days that I just need to stay away from my computer. I'm not a trader so I shouldn't focus on the daily action.

Can I offer you a drink? How about this expensive prostitute?
Thu, Jun 23, 2011 - 9:47am (Reply to #708)
Sterling
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.

Goddammit I sound like Stuart Smalley

Can I offer you a drink? How about this expensive prostitute?
Thu, Jun 23, 2011 - 9:47am
Dynamis
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Joined: Jun 14, 2011
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SLV?

I finally got my funds in order and am looking to do a short trade in SLV today. Any advice?

Thu, Jun 23, 2011 - 9:54am (Reply to #690)
Sterling
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Make that 3%

Make that 3%

Can I offer you a drink? How about this expensive prostitute?
Thu, Jun 23, 2011 - 9:55am
HappyNow
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Thanks atlee

For posting your analysis.

Just sold some ZSL I've been sitting on for a couple of days. Might not wait as low as the silver targets you gave as resistance to pick up AGQ but that's just me.

Learning patience sucks. Having patience pays off.

NCOT you're talking a lot smarter, no make that wiser these days. Congrats it isn't easy getting there. There is clearly a range here if you look over a couple of weeks.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Jun 23, 2011 - 9:57am
Eric Original
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Just bought some UCO.  A

Just bought some UCO. A first for me, I've never owned that one before. Not sure if this will be a trade or a core holding. We'll figure that out later.

This isn't a metals blog anymore. It's a right wing circle jerk, masquerading as a metals blog.
Thu, Jun 23, 2011 - 10:00am
NCOT
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Atlee

That short took balls! 

The other night I was watching CNBS for the Greek Vote, and he fast money presenter said "Anyone shorting EUR/USD is crazy"

And I thought, well thats just a sign to do it!

Any information written above is purely for entertainment purposes only. I will not be held responsible for my own comments as I'm slightly mentally unhinged. As most people quote a movie in their signature here's one: "Who's the more foolish, the fool or the fool who follows him?" . Don't be the fool that follows me!
Thu, Jun 23, 2011 - 10:03am
Eric Original
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UGL/DXD

My UGL/DXD position, the "ugly trade" as atlee calls it, is just hanging flat today. Nuthin' much going on I guess. Might as well go make some breakfast. Yawn. cool

This isn't a metals blog anymore. It's a right wing circle jerk, masquerading as a metals blog.
Thu, Jun 23, 2011 - 10:06am
NCOT
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Happynow

Thanks for your kind words!

You can congratulate me when I've got a few more K back in my account and I can take my wife on holiday before the baby arrives! 

Any information written above is purely for entertainment purposes only. I will not be held responsible for my own comments as I'm slightly mentally unhinged. As most people quote a movie in their signature here's one: "Who's the more foolish, the fool or the fool who follows him?" . Don't be the fool that follows me!
Thu, Jun 23, 2011 - 10:35am
Gendah
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Silver is finally reaching

Silver is finally reaching the point where I went in short last time (35,25). Sell or hold? Nothing's changed to the better for silver shortterm. Holding on. Aiming for 33.50-33.80. Ideas?

If you don't live for something, you'll die for nothing (Hatebreed) Alone in a crowd (Miles Away) Technology complicates Simplicity (Snapcase)
Thu, Jun 23, 2011 - 10:39am (Reply to #717)
JoeKa
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35

Personally I think that's the 'floor' for today.

Thu, Jun 23, 2011 - 10:42am
JoeKa
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Good trade

Atlee congrats. Ur da man. @sockeye: Sometimes it's not about just making profit. Equally important is staying true and disciplined to your own trading rules. The former has days like this but the latter ensures sustainable success over time. It is easy to be right. But it's not easy to be right all the time. Thus following your own set of trading rules will help tremendously to smoothen out uncertainties. Am not sure if you understand what I'm trying to convey? Something to chew on I hope. Ur a winner buddy.

Thu, Jun 23, 2011 - 10:43am
Vypuero
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Me I am getting wiped today.

Me I am getting wiped today. I have to seriously re-think what I have been doing I have been every time this past couple months switching sides at the exact WRONG time. I decided I am going to think longer term and hold until things turn around.

Thu, Jun 23, 2011 - 10:45am (Reply to #715)
uptofreedom
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Eric Original wrote: My

Eric Original wrote:

My UGL/DXD position, the "ugly trade" as atlee calls it, is just hanging flat today. Nuthin' much going on I guess. Might as well go make some breakfast. Yawn. cool

ditto for AGQ/TZA

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