oleg850's Account Talk

[jkenjohnson]

What do you look for when you buy and sell NUGT? Everytime I want to buy, you sell and when I think about selling, you buy more. Can you point me in the right direction? I could easily just follow your moves but I like to understand what I'm doing and why I'm doing it.

Remeber me talking about buying NUGT a couple of weeks ago? I could kick my own arse.

 

[jpcavin]

Remeber me talking about buying NUGT a couple of weeks ago? I could kick my own arse.

I could kick your arse too. You should have told me to buy, buy, buy! :toung:

 

[jkenjohnson]

I could kick your arse too. You should have told me to buy, buy, buy! :toung:

If I get another chance around $32 I will be buying.

 

[jpcavin]

Just picked up DUST @ 21.13 for hopefully a 1 or 2 day sniper attack.

Looks like you're getting teased today. :toung:

 

[bmneveu]

Looks like you're getting teased today. :toung:

I think I need to sell and run away with my tail between my legs. I'm gonna let the volatility settle out a bit and then evaluate before I make a move.

 

[jpcavin]

I was thinking of buying DUST yesterday when it hit 17.55 but hesitated at the end. Will see what it does at the end of the day.

 

[oleg850]

I'm not looking to play DUST anytime soon. Gold has been basing for the better part of a year and the upside potential far outweighs further downside risk. If gold begins a sustained rally from these levels, you can expect a 500-1000% rally in NUGT via multiple forward splits. I'm loading up on CEF and other non-leveraged gold products for the next few years. With the FED shutting down QE programs, I suspect we will see more buyers of precious metals, especially considering how good of a bargain they are. I don't condone buying and holding NUGT. Scaling in/out is the least stressful way of playing these vehicles and allows for a decent margin of error with regard to price levels. I've used this strategy with great success over the past 2 years. One thing to note is the importance of risk management. Don't overleverage yourself chasing the gains I have enjoyed. The profits flow easily is you abide by a simple set of rules. Getting greedy will cost you, as these 3X products can bleed quickly, almost as bad as the VIX ETF's. Using 10-20% of account value in 4-5 lot increments can drastically increase overall portfolio gains. My total portfolio value is up around 20% YTD thanks to this strategy without having to agonize through huge drawdowns of 20%+ on bad trades. If you risk it all following one strategy sooner or later you will feel the pain, as every strategy is destined to fail or underperform at some point.

 

[jpcavin]

Your thread is a "must read" for me. Thank you for sharing.

 

[oleg850]

Bought AAPL at $90.46.

 

[GUCHI]

Do you have an exit for Apple?

 

[oleg850]

Bought AAPL at $90.46.

Sold AAPL at $95.23 for 5.3% profit.

 

[GUCHI]

Do u plan to buy again? I have been holding for a long time but it has been doing well. I figure with the recent news on wrist phone, it may continue up.

 

[oleg850]

Bought AMZN at $325.

 

[k0nkuzh0n]

Bought AMZN at $325.

I was thinking the same thing after they were talking about the sell off after hours. But I was too late, it was already after 5.

 

[oleg850]

If you had IB as your broker, you could trade until 8pm ET.

 

[oleg850]

Bought MCD at $95.72.

 

[oleg850]

Bought NUGT at $42.83.

 

[oleg850]

Bought NUGT at $42.83.

Sold NUGT at $45.70 from $42.83 entry for 6.7% profit.

 

[voirdire1st]

Nice profit Oleg. Waiting for your next idea. Nice work.


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[oleg850]

Bought NUGT at. $42.22.