investing & flipping
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Great, don't tell me the Wolf Pack (aka Sheep Heard) is gonna show up here!
Long UWTI and hoping for solid 4s this month.
UWTI
Thanks Doc!
I have never used a trailer stop. I am going to research this option.
Thanks!
Back to JDST I hope the $ starts climbing soon so I can take some profits here.
JDST
I do use stops on some of my stocks and ETFs. Just depends on what I am trading and how much. If I was trading 1,000s of $s I would be putting stops in no doubt. But since I am trading in the $200 to $2000 range I do not unless the stock surpasses the minimum that I would like to see profits I then put a stop in.
Example. I was in NUGT a few weeks back averaged down to about $10.50. I wanted at least $12.35 for nice profits. When she hit $12.55 I put a stop in at $12.35. I checked the price every 15 minutes bumping my stop up 20 cents if the price had gone up 20 cents. I got stopped out at $12.62.
I have put stops in right after a buy executed if I was in a stock that I was not sure about. Example. I bought RUSS after taking 18% profit on RUSL. I threw down $500 betting on a 3 day run hoping for a 20% return. I lost $44 on the gamble which included commission fees. Darn glad I put that stop in or I would have lost more that 50% of my principle and would still be bag holding.
Unorthodox way of using stops but so far it has worked for me. Now if I start throwing down 5 or 10k on a trade you are darn right I am going to be using stops all the time. But at these smaller amounts getting stopped out multiple times has hurt my bottom line more that riding it out.
I am hoping for a nice correction in JDST soon.
JDST
Note that if gold has started a new bull run and JDST splits I will be putting a stop in for sure.
I need to be well into the 9s here to take profits. This could take days or even weeks. I'll just have to wait. I have $$$ on the sidelines to buy NUGT and short the S&P if The Market implodes. So in other word I am not going to average down. Keeping some powder dry just in case of a black swan.
I'd like to see this go up a few dollars next week and a few more the week after. A $1 a day to $10 would be nice but a pipe dream.
JDST
OK Dumbo.
lol
Just kidding.
Learn from the mistakes and make more $$$ in the future.
You might be able to buy back in after hours on the cheap if you can get the buy through.
UWTI
My fat finger trade happened when my boss "The Colonel" was eyeballing me while I was trying to day trade on the sly at work. Close one in more ways than one!
Hope for $70 on UWTI by end of August.
UWTI
I guess when you can't take the wify out for dinner tonight you will have some splaining to do. lol
Any rookie who has not fat fingered a trade is LYING.
You'll only make that mistake once. Been there done that.
UWTI
What, did you fat finger a trade?
Been there done that. Luckily I was only off by a few pennies and I only lost about $14. I put a stop sell in as a limit sell giving somebody a nice little discount.
UWTI
Third W formation today on the 10 day chart.
I turned down an 11% profit the other day. Might have to take some today if this run surges during power hour. I finally figured out how to trade after hours on Scott so maybe dinner time will = $$$ time.
UWTI
New 52 week low of ZERO!
Woohoo!
ELRA
I think last time gold hit $1220 NUGT was in the $10 range. This time it's in the $13s. So I would like to see a move like this for JDST when gold pulls back. Gold is due for a 7 or 8 year correction and both bulls and bears are calling for $800 to $1000 in the next year. Gold usually trades down over the Summer. I am going to sit and wait holding my bag.
JDST
Someone here said this was going to drop to $6 and they were right.
Bag holding for now on...
JDST
I'm in at $8.98, $8.98 again, and $7.98. So I feel for ya. And don't foget gold was tracking with the $ for a while which had people scratching their heads.
At least my oil position is green.
JDST
LOL!
Dude you make me laugh in a good way! Thanks.
I hope you are spot on since I am holding long!
UWTI
My position just took a Bruce Lee to the nads.
Ouch!
JDST
Me and my trading partners are eyeballing $5+ as a selling point this Summer. Maybe we'll hit it this Spring.
UWTI
I stayed when I spotted that wishbone formation with a turkey feather on the 10 day chart.
In for the long haul on UWTI.
UWTI
My worst trade was 10% and my best was 29%. But most of my trades are in the 10 - 15% range.
NUGT
I got brass ones. Not weak handing out.
UWTI
I am looking for $10.50 or better as a hedge against my JDST bet.
Somebody here has had 6 entries this month? I have gotten maybe that many in 3 years since my kid was born. Oh, wait. He was talking about buying this ETF. My bad. :)
I have played NUGT s few times this year with success.
NUGT
I don't think we will see that low until after Summer. But if we do I will be adding to my position.
So I hope you are right and wrong at the same time. lol
UWTI
Seems to be 3 strategies playing here...
1.) buy and hold
2.) flip, flip, flip
3.) buy and hold some and flip some
I think 1 and 3 are going to be the $$$ makers on this one.
UWTI
I could have sold 1/2 yesterday and bought back at the same price that I bought them for today. Been walking with some profits and bragging rights.
Sigh.
UWTI
Yeah and I should have sold yesterday at HOD and bought back in today. Probably could have got back in around my $3.66 average which we might hit today.
Oh well.
UWTI
Don't worry kids, this will move some year. I made about 550% on this stock last year. Glad I sold. But I will say this, out of all the weed stocks that I bought and sold this is the only one that has stayed on my watch list.
When we get a big correction in the stock market and speculators pour in we might see another run in the weed sector.
ERBB
I think they are going to run gold down before the fake jobs report, then gold pops for a day or two, then starts the long road down to $1,000. Unless we get a major correction on Wall Street this year I think gold does the usual Summer walk down.
I'm in big on JDST with some cash on the sidelines for NUGT just in case.
JDST
Looks like it has already started turning down for a run-up on Friday when the fake jobs report comes out. Then I think it is down-hill from there unless we see a big correction this Summer or Fall. Hopefully Fall since that is when gold usually ramps up.
I'm out for now unless we see 10s. I am in big over at JDST.
NUGT
$1.4 million on the ask. Nice.
UWTI
Boomage starts today! But be warned, black gold bugs are predicting a retest of this year's lows or even the lows of '08/'09 in the future. So I am going to have some cash on hand for a small position in DWTI just in case we start to slide after Summer.
I am hoping for $12 - $13 EOS.
UWTI
I am seeing buy signals on both NUGT and JDST (WTF?!?) and both charts have gaps to fill moving up. I am sidelined on NUGT and waiting for a chance to either take profits on JDST or to average down.
Maybe next week.
JDST
I am not getting back in until we hit the 10s. I did not have any luck trading gold last Summer because gold tends to fizzle from May to September. Also, aren't we due for a 7 or 8 year low next year? I think I am not going to take on a big position here until the stock market looks like it is going to implode (2016ish maybe?).
NUGT
I think this is a bear market ralley so I am holding longer. But I am happy that my shares closed green. I think we climb through Summer with a slump after first of the year. Might flip around $5 when we get there.
UWTI
Fed spooked me out.
JDST
$8.98 here with unsettled funds burning a hole in my pocket. May add to my position and just transfer some dough to prevent a free ride trade.
JDST
I have a bunch of unsettled funds burning a hole in my pocket from a 12% profit sale over in NUGT today. Been waiting for 7s here in JDST but gave up and bought some high 8s. Might average down now since it looks like we might be in the 7s for a few days. Maybe even hit the 6s.
JDST
OUT AT $12.62!
12% profits bebe! Woohoo!
Thank you Shorty for the squeeeeeeeeeeez.
Gonna bail to the short side in a day or two. I have a bunch of unsettled funds burning a hole in my pocket.
NUGT
These 3x leveraged funds.
NUGT
I think we are just filling gap-downs. We still have not filled that $12.50+ gap up from a few weeks back.
NUGT
These 3-Xers are known for $1/day climbs and $4/day falls. Been my experience over the last year anyway.
I am hoping power hour doesn't become dump hour I am holding for $12.30.
NUGT
Noted. Thanks. That is my plan B.
UWTI