x3rs of the pm

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Wed, Feb 19, 2020 - 1:01pm
HappyNow
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The time is right

All in on the short side of silver now. Last tranche at $18.30. Will sell this tranche today if I see the right price.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Feb 20, 2020 - 6:54pm
HappyNow
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Ok, now the time is just long

Ok, now the time is just long.....

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Feb 25, 2020 - 4:01pm
HappyNow
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That was a long week.

That was a long week.

I know many on the site will be disappointed by the drop in the PM price.

I had to sit tight to be right. That was one tough sit, so this is my due. Exited a short tranche at Ag=$17.97

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Feb 26, 2020 - 10:25pm
HappyNow
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Another one bites the dust.

Another one bites the dust.

Let go another short tranche at end of trading day, Ag=$17.89.

Still got one left.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Feb 27, 2020 - 5:15pm
HappyNow
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Now ain't that sumpin'

Now ain't that sumpin'

Silver has really been whacked. Based on what exactly I don't know. I think it's time to switch horses tho, this one's beat out.

Sold my last short tranche of silver at $17.68. Too soon, don't care. $17.70 was my magic number. Like the cash register sound.

Entered the long side at Ag=$17.54. Giddy up!

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Feb 28, 2020 - 2:00pm
HappyNow
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Well that was a buck too soon

Well that was a buck too soon.

Another long tranche at $16.60.

Is it $16.60 already?

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Feb 28, 2020 - 8:59pm
HappyNow
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Weekend comment. Silver has

Weekend comment. Silver has to hold or rebound here around $16.50. If not then $14.xx is in play.

Weaseltracker, you're the last trader that I recall calling $14 dollar silver a couple years ago and it did happen. Haven't heard from you in ages....if you're around give an opinion, would ya?

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Mar 3, 2020 - 10:06am
HappyNow
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Took a profit on the lower

Took a profit on the lower long around Ag=$16.85. Too much uncertainty to leave it in the fire longer. Considering short but want to see more first.

lol darn it. Popped past $17 as I type this. Ah well. Still ahead on the trade.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Mar 3, 2020 - 1:28pm
HappyNow
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Ok interesting day.

Ok interesting day.

Opened a short at Ag=$17.25

For now have a straddle. I don't think of it as a hedge because I expect to play both for profit.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Mar 5, 2020 - 9:39am
HappyNow
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Volatile

Lots going on with all areas of trade.

Bought another short tranche at Ag=$17.30

Expect action today, up or down.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Mon, Mar 9, 2020 - 9:34am
HappyNow
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What a weekend

Sold a short tranche at Ag=$16.81.

Happy with the trade and no longer 'all in'.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Mar 11, 2020 - 2:55pm
HappyNow
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Too much chart watching.

Too much chart watching.

Exited last short tranche at Ag=$16.74

Bought another long tranche Ag=$16.74

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Mar 12, 2020 - 12:33pm
HappyNow
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Ouch! Was it so wrong to be long?

Just had my ass handed to me on that trade and for the other long tranche I've been holding. Well of course 'you don't lose until you sell' but the writing is on the wall when Silver went below $16.50.

Switched sides and all in short now at Ag=$15.90.

Been a long time since I've been in that position, last time I waited the 6 or so months for recovery, willing to try a different trade this time.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Mar 13, 2020 - 10:05am
HappyNow
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Wow!

Sold one short tranche at Ag=$15.30 so as to grab some profit + not be all in.

This is stretching my ability to stay calm. The pop up yesterday (60 cents!) after I switched to all short almost got me cashed out and on the sidelines. Glad to have made some profit and ok with having dry powder again. Cannot believe the volatile here as it lost all 60 cents and then 30 cents more...within 24 hours.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Mar 13, 2020 - 12:40pm
HappyNow
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Sigh

The PM decline continues.

Another short tranche sold at Ag=$14.65. It's really hard to write $14 as the handle.

so that's Silver down more than a buck in 24 hrs.

Hope y'all realize this is necessary as the setup for a slingshot move upside.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Mar 13, 2020 - 2:47pm
HappyNow
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I’m done

Posting about my position, for now.

May come back when I start going long.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Mar 25, 2020 - 2:06pm
tonym9
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Figured I better update.

Figured I better update.

Got my ass handed to me like most everyone else. Had a JNUG position at 81 iirc, took the pain to 46, sold. Went flat. Watched JNUG go up to 65ish. Somewhere in there I took a DUST position at 5.34 iirc, it went to 4.75, i sold...cashed out the account and swore off the market. Watched DUST go to 13. Then the wheels came off of JNUG as I was on the sidelines.

I re entered yesterday. So much for swearing off the market. A very small position at 5.35 JNUG. I just sold it a few minutes ago at 6.75 per JNUG. I'm flat right now but have an LBO in at 5.28 JNUG.

My new position is 10% of what I was playing with.

The lure of 'easy' money has a very strong appeal...

However, I do feel miners long term are the way to go. It does look like the bottom may be in. JFTR I also funded a onegold account. Tip the Turd if you do the same.

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Wed, Mar 25, 2020 - 4:19pm
tonym9
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back in Jnug AH at 6.29, too

back in Jnug AH at 6.29, too early but thats ok, added shares to my position

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Mon, Mar 30, 2020 - 9:50pm
HappyNow
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I said I’d post here again when....

I started doing trades to the long side. Well I am, and have done a couple. They are very short term trades, but nonetheless long. I do short the silver market as well, also very short term. Emotion is high and the news cycle so fast that I am not looking past 48 hours ahead.

I do not think PM's pulled back far enough to make a sustained move up my most likely scenario. I might believe it for the 'stock market ' but that will have govt assistance, PM's will get, if anything, gov't headwinds.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Apr 30, 2020 - 12:32pm
HappyNow
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What a ride!!!

I have tears in my eyes from watching the chart today and blisters on my fingers from pounding out trades.

The price of anything makes no 'sense'. What is 'money' anymore anyway.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.