userque & NUGT/DUST

[userque]

Additional info:



A two day (white candles) retracement example (from DWCPF). A system would have to (almost) bullseye both the bottom of the retracement and the top of the retracement for the knife catching attempt to be successful. If unsuccessful, you lose commissions (for those that pay them) and the value of the bad trade.

I believe it to be safer to stick with the larger trend with my current system.

 

[tctang75]

Thank you! I don't have margin and these day trades were driving me crazy!!! My concern going forward with these longer windows is whether the herd all jumps on the same side of the teeter totter, and the market manipulators take advantage. Any thoughts?

 

[userque]

Thank you! I don't have margin and these day trades were driving me crazy!!! My concern going forward with these longer windows is whether the herd all jumps on the same side of the teeter totter, and the market manipulators take advantage. Any thoughts?

:smile:

Yeah, they were driving me crazy too.

NUGT is an ETF and not a stock. IOW, it's price is derived from, and determined by, the underlying (GDX). In still other words, their is no direct connection between the supply and demand caused by folks trading NUGT/DUST, and the price of NUGT/DUST; as again, the price is determined by GDX.

Also, GDX is an index. IOW, its price is also based upon trades other than NUGT/DUST/GDX.

Finally, I don't think you and I, and anyone else in these forums, even all together, can move NUGT/DUST/GDX as the trades take place at the busy times of the day: the open; or the close.

And...today's volume on GDX was 20 million.

 

[userque]

Fun fact:

The patterns for GDX, for the last couple/few days are very rare. IOW, these are unusual (and uncertain?) times for NUGT/DUST. IMO.

 

[Steiner]

Q,
This is probably going to seem to be a dumb question but I am curious about your thoughts. Currently you entered NUGT at $3.99 at the close on 8/13. Your system is expecting the next 2 days to be down and then finish up on the third day. My question is if NUGT were to drop below your entry of $3.99 over the next two days would you add to your position? On the surface the obvious answer would seem to be yes. However, I am assuming your system updates at least daily and based on these updates it might exit your current position sooner.

 

[userque]

Q,
This is probably going to seem to be a dumb question but I am curious about your thoughts. Currently you entered NUGT at $3.99 at the close on 8/13. Your system is expecting the next 2 days to be down and then finish up on the third day. My question is if NUGT were to drop below your entry of $3.99 over the next two days would you add to your position? On the surface the obvious answer would seem to be yes. However, I am assuming your system updates at least daily and based on these updates it might exit your current position sooner.

Not dumb.

You're right in that the system updates once daily now. (It used to be twice daily).

Also, I don't override the system with 'logical thinking.' Like you imply, the machine may not like NUGT at less than $3.99 the very next day--it may prefer DUST.

Plus, I'd rather enter at what the system considers a local low--the first signal reversal; and not after the forecasted swing has started.

 

[userque]

FOR 08-20-15:
ENTER DUST AT OPEN
FORECASTED DURATION: 1.5 TRADING DAY(S)






__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.

 

[johnnychopper]

So would you sell NUGT right now after hours or hold it until the morning?

 

[userque]

So would you sell NUGT right now after hours or hold it until the morning?

My system only has access to historical data for the OPEN and CLOSE. It has no idea if better trades could be made pre-/post-market, or intraday. Of course, better trades can be had intraday and pre-/post-hours. A skillful trader could take such a signal, EXIT at OPEN, for example; and exit pre-open or exit midday for a better price.

Me personally, I need a system: so I am limited to the OPEN and the CLOSE only...for now.

 

[userque]

*CORRECTED* CHART/GRAPH UPDATE:






__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.

 

[userque]

FOR 08-21-15:
ENTER NUGT AT OPEN
FORECASTED DURATION: 5 TRADING DAY(S)






__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.

 

[burrocrat]

how often do you post the graph/performance chart?

 

[userque]

how often do you post the graph/performance chart?

After it changes positions...no 'set' time.

 

[userque]

GRAPH/CHART UPDATE:








__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.

 

[userque]

FOR 08-24-15:
HOLD NUGT
FORECASTED DURATION: 5 TRADING DAY(S)






__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.

 

[konakathy]

I bought DUST @19.25 yesterday and sold at today's close. It was a nice gain, but not enough to make up for the loss in my TSP account this week.

 

[userque]

I bought DUST @19.25 yesterday and sold at today's close. It was a nice gain, but not enough to make up for the loss in my TSP account this week.

Nice!

 

[userque]

FOR 08-25-15:
HOLD NUGT
FORECASTED DURATION: 5+ TRADING DAY(S)






__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.

 

[RealMoneyIssues]

I bought DUST @19.25 yesterday and sold at today's close. It was a nice gain, but not enough to make up for the loss in my TSP account this week.

Imagine had you kept it thru today


Sent from my (Daughter forcing me to use an) iPhone using Tapatalk...

 

[userque]

**REVISED DUE TO SYSTEM UPGRADE**
FOR 08-25-15:
ENTER DUST AT CLOSE
FORECASTED DURATION: 1 TRADING DAY(S)

*Major upgrade. Forecast is for NUGT to be DOWN at both open and close; but to be less down at close. Big, one-day DOWN move continuation forecasted into 8-26--hence, the DUST play.






__________________________________________________________________________________________________________________________________________________________________________
DISCLAIMER: Userque's trading signals are not affiliated with TSP Talk or Buy Low Sell High, Inc. The information is for educational purposes only! The information is not advice or recommendations. Userque does not give investment advice. Do not act on this data. Do not buy, sell or trade any stocks, ETF's, indices, funds, or any other instruments/vehicles based on this information. Userque may trade differently than discussed or posted in this forum.