investing & flipping
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I think this whole mess has been a head fake. I am going to set a personal record for stop-outs this month. Sheesh! Gonna trash my yearly averages.
SPY
Just bought this dog. Nice bull flag and volume. Hope it holds.
VXC
Hate to pee in the middle of the dance floor but I think this ralley is a fake-out.
SPY
Kinda like lighting a firecracker fuse that burns all the way in and you just get a puff of smoke. Then it's OK, is something gonna happen?
SPY
Right. 0.25% is not much but on a trillion dollar debt bill it starts adding up. I think on a trill this would be a 250 mill increase?
SPY
Everyone on the same side of the boat. Warning signal.
SPY
I will be glad when Thursday is here because I am effing tired of hearing about Aunt B. and her meeting.
SPY
I feel better knowing that I am not the only one going 1/2 & 1/2.
SPY
So is Power Hour gonna turn into sell off hour?
Been sweating my stop all day.
SPY
No worries. They won't drop here until they run my stop over on my bear trade. Lol
SPY
I heard they give you a free crystal ball on L3.
Anyway, $22?!?!?!?!?!?!?
Maybe I should double down?!?
DUST
I am with you.
Hike = drop
DUST
You beat me to it. I saw the news on the KE Report this morning. Pop coming soon.
TLTFF
I heard Apple took it on the chin or some where else today. Could be part of the reason for the drop.
SPY
Yeah, like 3 bull flags in a row.
So when does the Plunger Team turn the pumps on? $1999?
SPY
Been trading for 4 years. This was my first mega eff up. I new it would happen eventually after my beginner's luck. However, I can buy more shares in the future when a pop might occur and trade the new shares against the old shares under the FIFO rule. Can walk with tax free profits. I think you can even write the profits off.
UWTI
All my indicators are saying buy DUST for a quick flip. I have my buy order in at $17.10. Seems to be bouncing off of $17 right now. I don't buy before 10:05am eastern so I missed that first buck.
Fed raise = DUST rise
DUST
30 plus!
UWTI
My position's butt is starting to hurt.
UWTI
We were below $6 here this time last year.
UWTI
What about the high number of market options expiring Friday?
SPY
China fired a financial warning shot when Uncle Mao devalued the RMB. Not sure what we should imply from the warning.
If our market tanks this month it will not be the norm for a December market. However, when it does finally go tits up expect a big terrorist attack to magically occur as a distraction for Joe 4-pack (he can't afford a 6-pack any more).
SPY
I will be putting a tight stop on 1\2 of my S&P 3x bear shares tomorrow. I am also going to put forward buys orders in on both sides of the gold miners at 3:55pm eastern on Tuesday. Snag which ever side blasts off.
SPY
401Ks suck. Spider trusts are better. But I am glad too see at least one 401Ker who has the brains and knowledge to transfer out before an implosion. I went all G fund in my TSP 3 days before the 2014 Fall correction. Been 96% G since.
Can't wait to see what the S&P does tomorrow.
SPY
Tuesday afternoon just before thr bell I might put forward buy orders in on NUGT and DUST so I catch which ever one goes into blast off mode on Wednesday. Put the buy in at like $2.50 above the ask at 3:55pm eastern.
NUGT
I took profits here last week. If Fed raises gold gonna tank.
NUGT
I know allot of you Spies are going to have a bad weekend.
Better luck next week.
SPY
Don't feel bad, I am holding a GIANT bag on a 3x oil ETF. I can't even buy shares to FIFO against the red shares (which I have been doing in gold miners).
Can't wait to listen to the Korelin Economics Report, Wall Street Raw, and Phil's Gang this weekend. This is where I get my stock intel.
Market coming apart.
SPY
I doubled my principle on an S&P bear position today. Been riding this position since August netting 4% profits on three trades which are sitting in my bank account.
I think we move down into the Fed meeting. I think the "baked in" is baking in before our eyes.
SPY
Red alert! Red alert! Active and scramble all bots! Repeat! Activate and scramble all bots!
lol
SPY
I use stops sparingly. I usually only bet $30 - $40 on a trade with my stops. Once it's up $1 above my purchase price I bump the stop up to my purchase price. Then again to compensate for the commission. And I ALWAYS put a stop in when I start making profits to protect my principle.
I have a long trade on an oil company and a long trade on a tech stock where I am not using stops.
DUST
Yeah, just check out YANG or YINN if you want to see a magnified gap that it caused.
SPY
At least you had a choice. I got stopped out. This washes my FIFO sale over in NUGT with no profits here. Sigh
DUST
Yellen gonna raise, market going to correct, QE4 will be unleashed, market will have a blow off top, then we get the big one in a bad way. Total timeframe, I'd say 2 years max.
SPY
Markets are locked in a range. Hike gonna cause a breakout or breakdown.
SPY
Phil Grande said as much this week. He said the only thing we manufacturer is weapons and the only thing we export is terrorism.
SPY
Any SUCKERS bite the hook today? I knew something was up when "they" ran stops (for me in DUST). Scott usually doesn't fill stops if your position opens below your stop. Mine got triggered, maybe it was a quick bounce, I'll have to check the minute chart. -4% loss for me this morning. I guess they want my profits back from Friday? lol
I am on the sidelines until these charts set up correctly.
NUGT
Effers ran my stop today! Ugh! Hate when that happens! The DUST and NUGT charts are a no buy for me. Chart isn't right.
DUST
Got stopped out today. My stop was for break even minus commission but she dropped so fast that I lost another $7.25. 4% loss total. Not sure what my game plan is. Watching three other 3 Xers.
DUST
Between RUSL and RUSS I have netted 2% this year. Not going to make me rich but it's be a learning experience. I play the 3x gold funds as well. Majors have netted me 7.25% and miners 16.5%. Hopefully I will do better here next year.
RUSL