Loading ...Mrcopper re 12:47
(WANKA) Aug 08, 13:35
we have chit-chatted in the past on trading , and although i have no experience with individual stocks [ i use a fund to trade] i, as i believe you may recall, trade contracts. if i go long/short and the contracts meander for a period of time, or i guess as you say flatline, i blow them off for a small gain and perhaps look at them another day. the time periods are very subjective. for me i
may give contracts 5 to 15 trade days to produce movement. the fund is another story. that may be many months in the holding. [part of core] but the point i’m trying to make is i dont hold dog positions for long, because there is always another trade elsewhere that has direction. case in point. was in dollar short for about 15 trade days and seen it going nowhere so blew off the contracts for a 65 tic gain. re-shorted at a higher value on 7/31 and blew it off on 8/6 for a 50 tic gain, because again it was going no where fast. i’m expecting a fall in the dollar to at least test the lows at 92. conversly my gold positions are a-ok and you could not pry me away with a crowbar. my anticipation this year is the 425 area, at which point i would clear my longs and position shorts as a hedge against my [ also core holdings] physicals.[all subject to change based on whats happening then] i know this post is a little windy but i’m trying to get a trading point across that has served me well through the years.hope this helps—–goodtrading mr c
mrcopper 13:45
(WANKA) Aug 08, 14:14
comex futures only for pms. and futures only for other mediums–stock index, bonds 30 yr, euro/dollar. [no pork bellys please]. i have the same capability with the series trust i use for trading sm and bond indexs [long or short]and pm stocks and 25 or so other sector funds in the same series trust.
i’m comfortable to leave the choice of stocks in a pm fund to the fund manager and would rather focus on the market as a whole.
index funds are a different creature because the fund manager excercises index cortracts. [futures and options] ergo long or short.i’m currently short the sm in the fund w/ a dow relationship of 8800.and long pm stocks with a gold relationship of hui 120.-shapping up to be a good year for us all. –goodtrading mr c
mrcopper 14:28–i learned many a year ago in the school of hard knocks. my first 3 trades were a disaster!!–gt
(WANKA) Aug 08, 14:36
mrcopper
(WANKA) Aug 08, 15:07
Without breaking forum protocol I will keep you as informed as possible as to my trades if you wish but in no way to imply recos. of any sort. That being said, as pertaining to futures, i’m currently looking to re-short the dollar or conversely go long the euro. as gold moves in the direction of ultimate target [425 area] i will be adding further long positions.
Currently short sm dow contracts @9300 looking for ultimate new lows[ 6000 area] tried for a couple of days to get silver on @4.90 dec but to no avail. after observing recent action i may possibly look for a lower entry. the last few years of silver action doesn’t light my fire like gold does therefore i trade silver for quick grabs whereas gold i take position and hold looking for targets. hope this assists—-good trading