Sold my 10.20 JDST in premarket for 10.02 for a .18 per share loss and flipped right into JNUG at 76.00. Looks like the miners will get a nice bid at the open for a change. Could be wrong...it's a rental so will get out of the way if it goes against me but i'm looking for an 8 handle in JNUG today.
JDST: 3-1 for .36 per share
JNUG: 2-0 for 1.54 per share
EDIT: forgot about GDP in a few minutes...ugh
Sold a long tranche at Ag=$17.92 which looked like a resistance. It's already $17.98 as I type this.
Will likely sit on the other long tranche for a bit, $18.00 ish ought to be next resistance, but I'm going to pause and check the news etc
WHO declares the coronavirus to be a public health emergency of international concern.....and PM's tank.
What the heck? I thought this was the risk-off trade.
Buy on rumour, sell on news maybe.
Keeping my long tranche until my sell price is met. Silver almost got there today.
Sold the last long tranche at Ag=$18.08
Been a good cycle in the past 4 trading days and my head is about spinning.
$18.10 is a good place for Silver to tap out. Not saying it can't go higher today or next week, just a good (wise?) price to take profit. I'll take $18.08, close enough.
Assessing short opportunities now, of course.
I had set to open a short if silver hit $18.10 on Friday. It didn't, so I'm flat.
Good Morning. Happy Monday.
I heard that the world is working on a vaccine for this coronavirus. That's good news.
My trusty dusty chart says buy a long tranche of silver so I did at $17.75.
Traded in and out a few times since last post. Currently in JNUG at 72.96 on a rental
Flat. Market didn't give me the move I was looking for. No overnight prediction on direction. GLTA
I had an open order for another long tranche but price didn't go low enough to connect. Agree no clear signal today.
Got the price I was looking for today. Another long tranche at Ag=$17.54
Sold that long above at Ag $17.84
Have another, there is no down signal on my radar.
Been in/out JNUG/JDST the past few days, few hits few misses, but more hits than misses so i'll take it...up 14.5% since restarting trading. In JNUG at 70.39 right now for a weekend hold. A bit risky to hold over the weekend but my personal view is short term bias is up metals right now, based mostly on the silver chart....very subject to change in the current environment...and i'm not a buy and hold trader so my horizon is very very short. An overweekend hold is not common for me. If it goes badly I'll take my hit/be ready to walk from the position at a moment's notice monday morning. Still managing my limitations on trading to prevent day trade status...4 in 5 biz days is the thing to avoid for me right now...its tough to watch the opportunity but not act. Range trading looks really good and i'm missing out on some very healthy scalps...but must self confirm before taking it to the next level. Will only do this the right way and being devoid of emotion to include devoid of FOMO is an absolute must for any trader, especially this one...and i'm still testing myself with toes in only....so far so good. Have a good weekend all.
Good on ya Tony. Nice to have other stories here. Wasn't able to get a trade today as my low bid wasn't met. Still have one long tranche, see you Monday.
I'm flat after a mistimed premarket sell of the 70.39 JNUG at 71.05...i was thinking I could get in on a dip at the open...got one, to 70.teens but I was holding out for a 69 handle...missed me. It had a 5-6% run today. Will retry tomorrow.
According to my info earnings reports start 2/12 and are done around 2/20.
Saw the price I was looking for. Long tranche at Ag=$17.49
And out of the trade at Ag=$17.64. Hardly the high of the day but 15 cents is 15 cents.
Had a good JNUG sell a few days ago, then rushed the JNUG reentry at 72.60 an hourish later and Mr Market slapped me for it. FOMO claimed me for the first time since coming back. I sold it this morning at 74.5 for a nice payout...no other plays today, work got in the way. Flat right now.
Good cash out HappyNow. A win is a win. There's always another trading day.
Missed today due to work. Earned 0.041 cents a share on a JDST play near the close. A win is a win but hate missing out on a good JNUG open.
Currently flat. Don't want to hold anything over the long weekend.
But I will admit that AEM action is tempting...considering a flyer but don't want to stray from my homefield. I did that with JAG and it ripped my face off....ouch, that was a brutal lesson that Mr Market taught with the deftness of a 5lbs sledge. That memory is worth thinking about and yes it still stings.
I want to echo some sentiments from others...it's time to have a stocked pantry. Just pull your grocery bill forward on cans, drys, and prepackaged stuff you would normally eat. In hurricane country this is normally a month of extras on hand. Right now I'm at 3-4 months due to CV19...and I'm still adding. Worst case I have extra food around that won't go bad in the time I would normally consume it. I would encourage you to use this weekend wisely.
just for full disclosure
i picked up a 100% JNUG possition at 73.55 minutes before AH close last night.
looked at the charts and thought about headline risk from 6-650pm cst last night...pulled the trigger.
Upside in silver to 17.95-18.00 and to bang on that resistance is a biggie...lowside to 17.44. If 17.44 breaks it could hit mid 16s. if 18.00 breaks it looks like a run to 18.50 level with a break to 20ish possible. I like silver here, but contract shenanigans are looming on the horizon...
Upside in gold to 1605ish, if breaks that a test of iran spike to come (1620), beyond that??? Downside to 1560s, if breaks that to 1540 then 1530...below that its air to 1400s. I also like gold here, with a mix of headline risk for added flavor.
GDXJ has to catch up...sometime.
I could be wrong but I put my chips on long instead of short...not married to it, but for this weekend i feel comfortable with it. If silver/gold break sunday night it's gonna hurt. My guess is an upside break, obviously, and one with a gap up in JNUG Tuesday morning. If not I'll take my medicine and sell it for the loss. The miners have been getting beaten to death and GDXJ has to catch up with gold/silver at some point. However what was that about irrational markets outlasting my solvency???
Pick your color boys, red or black...the wheel is spinning and so is the ball...that hand is about to wave. I sense a big move coming in the more than micro time scale. Wedges they are a changin...
Just gave mr walton's crew another big donation...pantry is looking better. Worst case is I have brought forward my grocery bill a few months.
Good call on the JNUG, Tony. Good, haha if you held even to $80 it's excellent. Tip o' the hat
I exited my long tranche a little soon today as it turns out and started shorting, also less than optimal timing, I got sucked in by the pattern downturn starting at 9 am and assumed 10 am was the bounce I wanted and took it......then it kept going and going.
Short from $18 and again $18.18. Comfortable with both.