I can't even do any flipping the rest of the week!!!!!
We've been at this since March's pullback and booked a boatload in between but we gotta hit this bottom VERY soon or I gotta start taking some losses (which I hate)
Went short on my FCX...how is that for balls?? Actually an easy trade. 6.5% if I get optioned next Friday. I imagine that I will...but FCX under 80 is a screaming buy IMO.
I am learning it is so much easier to make money in gold and silver by going short than long.
I used to do great shorting the miners but that was when they were rising and I was nailing overboughts. Guess i'm too contrarian to go short when they're oversold??????
I'm into margin too, but not too much (only about 25% of account value).
Gonna leave it at that so I don't get 'the call'. :) I have PLENTY of exposure to the miners though. This might be a hold until end of year, but I still think AUY, EGO, AZK, SWC go back to at least previous levels...JMO.
My damn internet was (and still is) out. I'm changing providers this week, needless to say. Now I'm at Univ. of MD checking my stocks...yeesh.
Don't mind the question... and you don't have to answer... and also don't mind me! but.. when you guys are trading something like EGO or UYG... how many shares are we talking... Once again don't mind the question please.. understanding that everyone's portfolio size is different of course etc. But just one example of # of shares trade would be great!
# of shares is dictated as you mentioned by account size and risk/reward desire...ultimately all that matters is % gain.
One way to look at it is -- I try to make at least 100 bucks per buy/book.
I buy UYG in 200 share lots. Usually sell w/ 0.50/share gain. I buy EGO in 400 or 600 share lots. I'll go in heavier if it's really beaten down and waaay oversold but not riduculously so. I went in heavy on AUY when it broke 12. It's currently my biggest holding, SKF a close second.
9 comments:
You've got bigger balls that me Joe!!
I can't even do any flipping the rest of the week!!!!!
We've been at this since March's pullback and booked a boatload in between but we gotta hit this bottom VERY soon or I gotta start taking some losses (which I hate)
Went short on my FCX...how is that for balls?? Actually an easy trade. 6.5% if I get optioned next Friday. I imagine that I will...but FCX under 80 is a screaming buy IMO.
I am learning it is so much easier to make money in gold and silver by going short than long.
No wonder everyone is down on them...
I used to do great shorting the miners but that was when they were rising and I was nailing overboughts. Guess i'm too contrarian to go short when they're oversold??????
I'm out for a while, TTYL
Joe
Check out GBN!!
I'm into margin too, but not too much (only about 25% of account value).
Gonna leave it at that so I don't get 'the call'. :) I have PLENTY of exposure to the miners though. This might be a hold until end of year, but I still think AUY, EGO, AZK, SWC go back to at least previous levels...JMO.
My damn internet was (and still is) out. I'm changing providers this week, needless to say. Now I'm at Univ. of MD checking my stocks...yeesh.
Don't mind the question... and you don't have to answer... and also don't mind me! but.. when you guys are trading something like EGO or UYG... how many shares are we talking... Once again don't mind the question please.. understanding that everyone's portfolio size is different of course etc. But just one example of # of shares trade would be great!
# of shares is dictated as you mentioned by account size and risk/reward desire...ultimately all that matters is % gain.
One way to look at it is -- I try to make at least 100 bucks per buy/book.
I buy UYG in 200 share lots. Usually sell w/ 0.50/share gain.
I buy EGO in 400 or 600 share lots. I'll go in heavier if it's really beaten down and waaay oversold but not riduculously so. I went in heavy on AUY when it broke 12. It's currently my biggest holding, SKF a close second.
Thanks Latviski :)
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