[F1Venom]

SLV broke above a mega resistance tl it had been stuck below since 2011. I'd say it's safe to say it's now in an uptrend so long as it ends above $16.65.
I'm long SLV, NEM, and nugt. I'll add more next week.

[ijnoj09]

Originally Posted by F1Venom

SLV broke above a mega resistance tl it had been stuck below since 2011. I'd say it's safe to say it's now in an uptrend so long as it ends above $16.65.
I'm long SLV, NEM, and nugt. I'll add more next week.

I'm long nugt... wish I would've bought more when it was at $9

[mact3333]

I am liking my AGQ today.

[F1Venom]

Originally Posted by mact3333

I am liking my AGQ today.

I am so giddy, lol. And to think the fun is just beginning. I'm already up 260% on some March NEM 21c, can't wait to see them up 1000% by then.

[mact3333]

watch the euro this this week, could do mini-crash which would strengthen dollar...could effect metals and oil.

[F1Venom]

Originally Posted by mact3333

watch the euro this this week, could do mini-crash which would strengthen dollar...could effect metals and oil.

Why would it crash? Because of Swiss-esque news?

I'm actually thinking the USD is more likely to spike lower one of these days.

[smithf80]

Originally Posted by mact3333

I am liking my AGQ today.

That's one interesting looking chart. Safe to say one should buy on one of the down trends? LOL

EDIT: wrong stock, someone posted one that was basically up and down 20 bucks every other month.

[BimmerPod]

Originally Posted by F1Venom

Why would it crash? Because of Swiss-esque news?

I'm actually thinking the USD is more likely to spike lower one of these days.

QE announcement

[mact3333]

Still holding AGQ(remember kids this one is leveraged and inverse play at your own risk)...trading the oil position back and forth...short again......oil hasn't shown a true bottom yet.

SLV breaking out...I buy more on dips.

[mact3333]

oil down, metals up...for now, thats the trade.

[jasonn]

great day!

probably small potatoes compared to some other guys but it's cool to make $10k in one day just sitting on my bum

[MrPrena]

I understand Saudi and Iran wants to keep the supply near the same to phase out some of the competitors due to low fix cost they had initially for their structure.

It will be very interesting to see if there is change in supply fairly soon.



http://finance.yahoo.com/news/now-oi...000800534.html

[MrPrena]

When we see a bear market near future, all the "amateur quick buck artist" who can only benefit off of bull market will phase out. Enjoy this bull market while it lasts.

[jasonn]

Originally Posted by MrPrena

When we see a bear market near future, all the "amateur quick buck artist" who can only benefit off of bull market will phase out. Enjoy this bull market while it lasts.

that's fine with me and I'll take my amateur quick bucks with me; I already took a good portion off the table

feed me more of your salty tears

[NemesisX]

Originally Posted by jasonn

that's fine with me and I'll take my amateur quick bucks with me; I already took a good portion off the table

feed me more of your salty tears

I don't think Prena was attacking you specifically nor was he "salty" about anything you said

[jasonn]

Originally Posted by NemesisX

I don't think Prena was attacking you specifically nor was he "salty" about anything you said

I took it personally because I am indeed an amateur. I started 08/22/2014. Mr. Prena is aware of my short tenure in the Market.

It's true the coming Bear Market will be my first. Will I panic? Will I curb my losses? Who knows?

Last week, I sold all my position in both SPY and VOO, which was a big step for me. I ventured into the Market believing I should put 80% of my risk capital in an S&P 500 index fund. Every article/book I read indicated that since so few beat the average, you can save yourself the headache and just get a S&P 500 index fund. Even Warren Buffet in his 2013 annual letter said the same.

But as I dabbled my gains in the regular common stock soared, thanks to this Bull Market. And my VOO / SPY gains were...humble.

I took offense because Amateur or not, bucks are bucks. Sure I may not be as savvy with the charts or as geopolitically aware. Sure in a Bull Market, making money is like throwing a dart at a dart board: they will all make money, just some more than others.

But what's wrong with that? Still better than a CD or Savings.

For me, in this waning Bull Market, I just focus on EPS growth and a solid Balance Sheet. That's already enough to fill my plate. Maybe with time I can add Geopolitics, CEO worthiness, and technical charting to my repertoire.

If I need to bail out, I'll bail out and those "savvy" investors/traders can take over.

Hope that explained my feelings!

[jasonn]

And also you can see below. I didn't know what a "call" was and MrPrena snidely insinuated the cars were from "Daddy" or what I've worked hard to build were from "Daddy".

Originally Posted by jasonn

oh gotcha! my bad

anyway, time to google what a "CALL" is

Originally Posted by PSUSMU

That's not a bad fleet for someone who doesn't know what a call is

Originally Posted by MrPrena

Damn man....


Garage List
2014 BMW X5 xDrive35i [4.50]
2014 PORSCHE CAYMAN [5.00]
2013 PORSCHE 991 [5.00]
2013 BMW X1 [0.00]
2007 BMW 335i [4.54]

[grimlock]

Originally Posted by jasonn

great day!

probably small potatoes compared to some other guys but it's cool to make $10k in one day just sitting on my bum

I've never met anyone that owned a share of berkshire A

[MrPrena]

Jasonn seems to be really bitter over gtr video I posted a while ago, and digging stuff I posted. Perhaps little too emotional?

That amateur statement wasnt for you, but if you think you are, that is fine with me. LOL
emotion and stock don't goes together too well.

[jasonn]

Originally Posted by grimlock

I've never met anyone that owned a share of berkshire A

haha thanks; I see Berkshire as a mutual fund managed by Warren Buffet and I don't have to pay Mr. Buffet any management fees.

so even though I'm not in VOO or SPY anymore, I did cheat a little bit and move laterally into Berkshire, which generally underperforms the S&P 500 in Bull Markets but out performs in Bear Markets.

I also like to monitor the difference between BRK/A and BRK/B. When BRK/A shares are much higher than the BRK/B equivalent and all the Indexes are going down, I feel like it's just a sell off, since it suggests the BRK/A long-term holders are still Bullish. And that's why I bought BRK/A because most of those shareholders hold for the long term and supposedly less volatility although it's been pretty crazy the past few weeks.

Just a working hypothesis, but it's helped guide me through some of the volatility of the past few weeks.

Originally Posted by MrPrena

Jasonn seems to be really bitter over gtr video I posted a while ago, and digging stuff I posted. Perhaps little too emotional?

That amateur statement wasnt for you, but if you think you are, that is fine with me. LOL
emotion and stock don't goes together too well.

ok let's just say I made "much ado about nothing" then

[ASAP]

lol, how much money invested to make this 10k? Looks like 100s of thousands.

[mact3333]

Originally Posted by mact3333

watch the euro this this week, could do mini-crash which would strengthen dollar...could effect metals and oil.

Hmmmmm....