Bear Cave 2 (Bull Allowed)

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robo said:
I just my sold my TZA for a loss....I didn't sell because I'm bullish on the stock Market. The action is way to slow for me as the stock market grinds higher. My trading accounts are for fast money trades. I'll be looking for another short set-up.

Flat in my trading account and waiting....

Good trading.
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I think your setup for shorting will be coming sooner rather than later. stay nimble
 
CrabClaw said:
will gold punch through $1250? or will it retrace some. I am pondering picking up some DUST for a quick trade if gold continues to stall here.
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Savage just updated and he is staying flat on gold. It sure looks like they want to push thru 1250, so watch your position size on that DUST trade if you take it.

Good trading and I'm flat.....
 
robo said:
I have had a very nice run for many shares of my JNUG that I held for a trade. Time to sell, and if they go higher, that’s great…. because I’m not selling any of my GDXJ shares. I'll look to buy back JNUG for another trade if the set-up looks good. If you are wondering why I'm selling when I'm Bullish......I don't hold 3X indexes for position trades. Sure, I think JNUG could go much higher today, and I'm leaving money on the table.....However, I have Risk Management Rules and holding 3X indexes for a position trade is something I just will not do. It's nice when the trade goes well, but when it doesn't, it's very hard to hold your position....been there and done that.

Good trading.

1/17/2014 9:30:56 AM ET JNUG Sold JNUG @ $22.5101 Executed
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Yeah, that's called "The School of Hard Knocks". The tuition is expensive, but we all have to go through it. Live and learn.
 
CrabClaw,

I'm taking a small DUST trade myself for fun....This is a Beer money trade....I'm bored, flat, and have had a very nice week....I will sell this before the close even if it's a loser.

This is a day-trade only!


1/17/2014 11:24:08 AM ET DUST Bought 400 DUST @ $31.7698 Executed

Good trading.
 
robo said:
CrabClaw,

I'm taking a small DUST trade myself for fun....This is a Beer money trade....I'm bored, flat, and have had a very nice week....I will sell this before the close even if it's a loser.

This is a day-trade only!


1/17/2014 11:24:08 AM ET DUST Bought 400 DUST @ $31.7698 Executed

Good trading.
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Wow...close to my stop already....this looks to be loser...The Bulls are on the run...My GDXJ and GDX are smoking!

I'll let this run some more, but I don't want it to get out of hand....

Did you buy or pass?
 
robo said:
Wow...close to my stop already....this looks to be loser...The Bulls are on the run...My GDXJ and GDX are smoking!

I'll let this run some more, but I don't want it to get out of hand....

Did you buy or pass?
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I bought some... $32.78
 
Added and sold....Flat and waiting.


1/17/2014 12:31:20 PM ET DUST Sold 950 DUST @ $31.879 Executed

1/17/2014 11:39:05 AM ET DUST Bought 350 DUST @ $31.52 Executed

1/17/2014 11:38:21 AM ET DUST Bought 200 DUST @ $31.52 Executed

1/17/2014 11:24:08 AM ET DUST Bought 400 DUST @ $31.7698 Executed

Good trading.
 
CrabClaw,

I'm taking another day-trade with JDST, but I don't recommend it because it's not very liquid.

1/17/2014 2:10:16 PM ET JDST Bought JDST @ $36.8999 Executed


Lets see if traders want to settle up before the long weekend and we can still make some Beer money.

Good trading.
 
MrJohnRoss said:
Yeah, that's called "The School of Hard Knocks". The tuition is expensive, but we all have to go through it. Live and learn.
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I sure agree. The market always surprises me.....I made some nice money this week on my GDX and GDXJ position trade, but I sure left waaaaay to much money on the table today for my JNUG short-term trade..... who would of thought we would get another 15% up day....


Ha...I also sold my TZA trade this morning and it moved back up nicely.

Day-trading is not easy and JNUG and NUGT have me conditioned to take the money and run.....I should have used a trailing stop now that the miners seem to be in a new uptrend.

I will look at that next week.....

Good trading.
 
CrabClaw,

I'm going to hold my JDST as a hedge for my GDXJ since the position size is so small. I'll just sell next week for a loss if we head higher Tuesday. This has been a sweet trading week for me overall. I hope you did ok.

Good trading.
 
robo said:
A nice move up by the Junior Gold Miners the last few weeks. JNUG has now moved up around 91.3% since it's low on Dec 23, 2013.


JNUG Basic Chart | Direxion Daily Junior Gold Mine Stock - Yahoo! Finance
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That's down right incredible. You'd have to have nerves of steel to have made that trade, tho. :blink:

I did pull the trigger on some GDXJ yesterday. Not the best short term trade, but I'm looking longer term. Between that and my AGQ, I should be in for a good ride this year.
 
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