Pailin's Trading Corner

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Mon, Jan 23, 2017 - 1:47pm
Dorothy
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Got torched...

Again!

Mon, Jan 23, 2017 - 2:28pm
tonym9
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Can't really follow today due

Can't really follow today due to work but took a jdst at 18.60...just don't see 1220 falling yet. Also Asian holiday approaches 1/27 iirc

JAL: good vibes to ya Bud, been there myself more than I want to remember. I'm not ballsy enuf to use margin.

"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, Jan 23, 2017 - 9:29pm (Reply to #41444)
redwood
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Great seeing you Titus.  Miss

Great seeing you Titus. Miss the old crowd. Meanwhile the only reason I stay afloat is because the CDN dollar is going down and so my metals are pretty flat.

I was certain Trump would win. Even met an American abroad this summer and told him so and he seemed stunned. I thought he'd do even better than he did, but Canadians here are livid. I'm not, it's a refreshing change and if the US dollar goes up I might even make a tiny profit in my metals. Glad I bought in 2010 though.

Thanks for the info Titus. Hope you and yours are doing well.

Tue, Jan 24, 2017 - 6:45am
Dorothy
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Stopped out of $Silver...

Starting to think the PPT is looking for the same thing I am.

Closed $Gold yesterday, needed the money elsewhere.

EDIT:

Opened another... Correlation and stuff innit.

(Was just taken out at the low and had a stupidly tight stop.)

GLTA!!!

P.S. Hi Redwood.

FURTHER EDIT:

@Tony

Margin is the devil.

(Especially when you're levered >100:1)

EVEN FURTHER EDIT:

Forgot to say...

Bought more NUGT yesterday.

Tue, Jan 24, 2017 - 10:22am
Dorothy
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Closed Long $Silver...

Nice little spike there, put the money to work somewhere else.

EDIT:

Long the break!

FURTHER EDIT:

Stopped!

(Forgot they're not allowed.)

Tue, Jan 24, 2017 - 2:45pm
Dorothy
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USDX 100...

Metallica - Nothing else matter lyrics

EDIT:

...except maybe that double top in oil.

Tue, Jan 24, 2017 - 8:04pm (Reply to #41530)
redwood
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Hi Jal, Nice meeting you if

Hi Jal,

Nice meeting you if we haven't before.

I have been recently gazing at Franco-Nevada, a Canadian based metals royalty company that appears to have superseded all odds, while most other non royalty companies were slaughtered with the down turn in metals. I considered many times in the last 3 to 4 years, but didn't bite. Here's a graph of some of the royalties, and FNV has slightly outperformed them all.

Scroll down to view the graphs. If you want to go further back in time than the graphs, the results remain impressive.

https://www.usfunds.com/investor-library/frank-talk/these-olympian-gold-...

Of course, you will note the small caution that past performance does not guarantee future results.

Thu, Jan 26, 2017 - 11:16pm (Reply to #41533)
HappyNow
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Canada
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FNV, SLW, RGLD

Redwood,

I've traded all of these in the past and held SLW for the past year. As Armstrong says gold's time will come I've been thinking of adding Royal Gold or Franco Nevada so I don't have to concern myself as much about timing, or decay from holding a 2X ETF too long. This would be longer term rather than seasonal and come from selling some energy holdings that I don't think are going anywhere soon.

The link you provided does a good job of explaining the business model and of course good charts always a value.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Jan 27, 2017 - 7:09am
tonym9
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JAL: Margin IS the devil and

JAL: Margin IS the devil and it will rip your heart out on a bad day. I'll use it to float my trades waiting for settlement, but I always stay under my account value when buying. If I went to my wife asking for $ on a margin call she would shoot me on the spot.

Redwood/HappyNow: good to see you both back

End of week trading report (M-Th): 9-1 for 9% gain so far this week. Mostly JDST. Some inactivity days/periods due to work and an overnight JDST hold which killed the next day's DTBP and got me off sync with the big run. Since 18.65 JDST I've only collected 2.01 per share...JDST has moved to 21.43 this morning premarket for a total move of 2.78...so I would have done better simply holding this week, but holding makes me nervous as hell so it's worth the chop to limit risk.

In JDST premarket at 21.43 at 5am open....should have waited a little. My hunch is a downdraft today as longs will want to get out and not hold over the weekend.

Momentum has clearly shifted to the downside and I'm looking for a breach of 1160 today which would set us up for a test of the recent lows next week. I'm not sure we get the test. Either way, next week's calendar is not gold friendly. But after next week I will be looking to switch long, hoping to get JNUG with a 6 handle.

Am off today so I will be daytrading today's moves. We shall see. GLTA

"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.
Fri, Jan 27, 2017 - 3:04pm
tonym9
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Well I made a rookie move

Well I made a rookie move today. I totally forgot GDP reports were today and didn't watch as it came out...got sidetracked. By the time I checked I was down too much to sell into a downtrend market for a loss. So much for daytrading today. I'll hold for next week's uglys that I'm sure are coming. GLTA

"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.
Sat, Jan 28, 2017 - 9:25pm
Dorothy
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@Tony

A3 Too Sick To Pray

(All's well that ends well...)

Sun, Jan 29, 2017 - 8:15pm
redwood
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http://www.gold-eagle.com/art

https://www.gold-eagle.com/article/how-much-pullback-can-we-expect

After years this man continues to have a stellar record.

Mon, Jan 30, 2017 - 10:12am
Dorothy
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All in...

Foals - Prelude - Holy Fire

Like actually.

(Don't dare say why...)

Mon, Jan 30, 2017 - 12:07pm
Dorothy
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In case anyone hadn't noticed...

The PPT entered the market at 16:30 GMT

Busta Rhymes & Ozzy Osbourne - This Means War (Videoclip) (HQ)

EDIT:

@Redwood

It's me, JustAnotherLurker...

(Y'know the one that never shut up.)

Mon, Jan 30, 2017 - 2:01pm
Dorothy
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Closed a bunch of stuff...

~200% Banked!

(Trying to be sensible.)

EDIT:

Obvs not talking about the brokerage account, lolz.

Mon, Jan 30, 2017 - 2:17pm
tonym9
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still watching my JDST

still watching my JDST position...this morning was a bit painful, but awaiting fomc...we shall see.

JAL: good to see you get some green back from Mr Market

Redwood: Avi has been pretty good the past few years, like him a bunch

"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, Jan 30, 2017 - 2:22pm
silverwood
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Kilauea, HI
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Any falling knife catchers here?

NGD down 24% today! I bought some @3.12 to see if we get a rebound in a few days.

Mon, Jan 30, 2017 - 4:11pm
Dorothy
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Er... Seriously WTF???

Twenty minutes before the close "someone" decided to buy the market...

(Maybe a little bitter, yes.)

EDIT:

So I may have had some shorts left...

(Just on the off chance we were allowed to close at the lows.)

Then THAT happened.

Mon, Jan 30, 2017 - 7:27pm
Dorothy
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Calmed down a bit...

Realise now that I'd lost all sense of perspective.

Anyhoo, the losses were relatively small compared to the gains.

Was at various points...

Short SPX, Nasdaq, DAX, FTSE, Nikkei, $WTI

Long $Gold, $Silver

(With mixed results.)

Closed the winners early, reestablished bigger positions and new ones, then bailed when it started looking dicey, which was sort of my plan.

(Most of the early winners were opened on Friday.)

Then at some point I decided to chase it down with a bunch of positions with tight stops, which ended rather badly.

As for the all in comment, well that would be the brokerage account.

(Now own nothing but leverage.)

GLTA!!!

@Tony

Thanks, means a lot.

@Silverwood

Re NGD

Sold out of that a few days ago, along with everything else that isn't 3x levered.

Love falling knives but... Prefer sharper ones.

Best of luck with that though!

Tue, Jan 31, 2017 - 9:37am
tonym9
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wow, USD takin a hit this

wow, USD takin a hit this morn

surprised JDST didnt get a 17 handle at the open wouldn't surprise me to see it today

holding for FOMC but its starting to get painful

looks like a stop run and the traditional prenews run up to negative event

"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.