Loading ...An Email Exchange with a Member . ( Edited)
“Fully Good grief, I just cannot believe they are viewing you as a one sided gold bug…unbelievable! This is totally out of control. No one is giving you credit except for Cedarwood…shssssssss”
Jim
…………………
Thanks my friend. Its a thankless job sometimes
Been thru this a few times before at the various forums I moderate.
Don’t dare call into question the tempestuous star darling brat poster who will take his ball and go home at the drop of a hat .
Oh please Don’t go..It was that despicable ahole Fully who disrespected you not us !
I don’t like it but It bothers me less each time .
Goldtent TA Paradise is free for all to participate and read as you know .
We get many many messages from appreciative readers …so that’s really rewarding
We do this for three reasons .
1…To help Goldbugs ( like us) and Gold Investors weed thru all the crap that got many of them into Financial Hot Water over the years .
I have personally heard many stories of bankruptcy , destroyed retirements, lost College Tuitions and Marriage Breakups all because of the Gold , and more specifically the Gold Cult Permabull Gurus .
2…To Create a Community of like minded Technical Analysis affectionados to develop promote encourage and teach their different TA techniques in a safe and friendly place where all can participate by contributing or reading for FREE . Free of advertising and free of bullshit.
3…To promote interest and membership in Our 3 Sponsor’s websites ( Trader Dan’s World , Spock Matrix and Rambus Chartology) as well as direct readers to other honest two way analysts .
…but alas the entitled still want to bash me for messing with their baby. How dare I point out the pitfalls of the Leveraged PM ETFs
How dare I call into question a trade gone horribly wrong ?
I got a few emails from disenchanted new traders.
Will post one I just received later.
Fully the Bully
OK Here it is
” Sir. I have been reading you goldtadise for several months now. I am a new dad in my final year of college . I was directed to your website by a friend who made a lot of money following your trades and more particularly he said Mark was the one to follow. I am new to this stuff.
In June I got my first brokerage account and put my savings of $10,000 into it. I decided to put the money into Mark’s trade as I heard he was the best and that he made a shipload in gold trades. I bought DUST and JDUST and in 2 weeks lost almost half my money. After reading your different opinion I got out just monday this week and now these stocks have gone wild. This has been a terrible experience. Why in god’s name do you not warn people like me sooner. I read your kamikazi post today. thanks a lot too late.
JB
So there you have it Jim Its all fun and games until someone loses an eye
I forget sometimes that there are many inexperienced traders reading here who need to be considered…my bad
…I think I will post this…thanks for the support and good night
FGC
Fully has an obligation as moderator to inform any and all new and old members as well as lurkers of the hazards of trading the 3x ETFs. Even the best of the best traders which includes Mark are NOT going to nail trades correctly 100% of the time. Even Avi admitted his service track record is around 75% accurate as I recall in one of his previous posts. Attempting to call the top back as far as June 8th and prematurely liquidating longs as delineated below hasn’t exactly been a stellar call and a lot of lost gains were given up over several weeks up until the pull back which finally occurred yesterday. For those that followed Mark it is only their responsibility alone if they sold off longs and went short this far back (starting June 8th). Mark’s contributions are certainly appreciated no question about it. This is a tough market and I as well as others appreciate all views and analysis put forth but by all contributors here. We are all here to make money and work together. I see a lot of posts here and some I agree with and others I don’t but that is not my point of posting this comment but to bring awareness that others are unfairly pointing fingers at Fully for what some seem to be “calling out Mark” yet Fully did provide praises to Mark and did his utmost to clarify his position on the leveraged ETFs.
https://goldtadise.com/?p=372905
GDXJ
-> Posted by Mark @ 16:23 pm on June 8, 2016 9 Commentson GDXJ
Here’s one of my charts today that prompted me to essentially liquidate everything this morning. I have a number of others that corroborate the basis of my trading decision. I’m not going to share every chart I rely on these days because I feel like I’m not doing myself any favors in that regard. I even bought a little DUST and JDST at the same time I sold longs which are now nicely profitable at the close. The weekly PM charts are still in good shape and what this suggests to me is that more consolidation may be needed before a sustainable breakout can occur. I had to protect profits which are almost obscene now and selling today saved me a bundle compared to where prices settled in at the close. I have my targets of where to start climbing back in long but I need to see how the chart structure evolves first. I’m neither bull nor bear…I simply trade what’s right in front of me.
https://goldtadise.com/?p=372863
Trimmed my PM Exposure Way Down Today
-> Posted by Mark @ 11:13 am on June 8, 2016 11 Commentson Trimmed my PM Exposure Way Down Today
I didn’t expect to do this at all at this point in time but I really don’t like some of the structure developing in the miner charts, particularly in the GDXJ. I took a boatload of profits on shares I’ve held for more than 6 months. Things may chug higher here but I really have to protect profits on what is easily my best year ever….even in June. I will post some charts later explaining what I see….but I don’t like it.
Message for the disenchanted new trader, JB:
Jim, I am truly sorry that you lost a lot of money on a trade. I can definitely sympathize, as I have done the same thing. Please be aware that this site is not a place where you find a guru and do whatever he/she does without understanding the “why” behind it. It’s a place to learn technical analysis so that you can trade confidently yourself without relying on a guru. Various traders explain the trades they’re making and why, based on what they’re seeing in the charts. Then you can see if the trades pan out the way they think they will or not. This helps you learn technical analysis. Whether their trades turn out well or not, you still learn something. (And if the trade pans out, what you learn should not be “always follow whatever that trader does”; it should be something like “oh, that chart pattern was correct.”) Nobody is right all the time because we’re people, not machines. To single out a trader and blame him because you blindly followed whatever he did is not fair to that trader, IMO. He was simply sharing with us how he’s trading, based on what he’s seeing in the charts, and I think all the posters who do that are brave. So in conclusion, if you use this site as a way to learn TA, I think you will get a lot of benefit from it, and I wish you all the best in your future trades.
MysteryGal, that is a really good paragraph. If every new (and old) member takes to heart what you wrote, that would be a great thing.
thank you for this mysterygal
i agree this site is great for learning how to read markets and how to trade for yourself
everybody has their own risk tolerance and everybody should stay “within themselves”
Thanks, DaveintheUK and Fool’s Gold! And the other comments here are good, too. DaveintheUK, you’re right that another purpose of the site is to post your charts and see what other people think. I’m such a lurker that I forgot to mention that. He, he. Fully, I know the site has a “Disclaimer” page, but maybe add some of what people are saying here to the “Mission” page? Or do an “About This Site” page? (Feel free to use anything I wrote.)
Another thing that JB could do is post some charts or other opinions and see how the rest of the forum agrees or disagrees. I have done this and it has been useful to my learning process.
Myself, I hardly trade at all, since I am in the UK and the US ETFs are not so easily available. I suppose they can be bought and sold but not without filling in a US tax form (I can’t remember the number of the form) and I really don’t want to do that, not ever! So, apart from maybe trying a few intra-day spread bets, I have always wanted personally to stay unleveraged, because if I am leveraged I can never rest easy. It’s not for me. Owning a single mining stock is about as leveraged to these markets I would like to get! Others might love the excitement, I can understand that – but even after being fascinated by this market since 2001 as a hobby, I still don’t fancy it myself.
Wow… good job Fully. BTW I think only one individual I believe called you a gold bug. That’s pretty ridiculous as that’s kind of like throwing the phrase “You are a conspiracy theorist” into a discussion. Whats is the point? Its an ignorant attempt to shut down the discourse and discredit someone. But it really just shows the accusers ignorance and inability to carry the discussion further.
As you point out this is a hard sector to play. When one then takes on the 3X ETFs he pretty much insures he is going to lose money unless he is a seasoned 24/7 trader. Good job taking a stand on this one
Too bad this is my first comment but as someone who has been in the exact same place as JB, watching and studying what people have to say, I find it completely unacceptable that when he decided to put his chips on the table, and lost, it is somehow the fault of the site creator for not putting a disclaimer up, specifically about 3x ETF. There is a wealth of information floating around but one has to fundamentally understand what is a stake if they do decide to put their chips on the table. I’m sure it hurt for him but recovering correctly shouldn’t start out with pointing the finger, especially towards a site intended to help people.
Welcome to the conversation jreatonit
Thanks for this
Of course now I expect you to post more often
🙂
Also, the site creator did put up a disclaimer about the 3x ETFs. “Kamikazi Traders Report Here First” is the first post under “Highlite Posts.”
Thanks MysteryGal
I took your idea and linked this post at the bottom of the “Mission” post on the sidebar
I agree it is constructive and demonstrates who we are . Thanks again much appreciated
I know Fully as the real goldbug kamikaze conspiracy nut he really is…NOT. He talked me into joining this group, and the learning is tremendous. Like the college dad, I lost a ton listening to my “favorite” guru(s) way too long. And ignoring hard information right in front of my face. I lost my shirt, my shoes, my pants and most everything else. Bankruptcy saved my bacon, kind of. Now I am back in the game, much wiser, stronger emotionally (it is all about beating one’s emotions, is it not?) and much more careful with my money. I have revisited Reminscences of a Stock Trader. In short, learning in this game is incredibly expensive – in time, money and emotional sweat. To think that one could walk in here and make a killing…well, immaturity is cured quickly, or pushed the turtle back in his shell. Fully did right, and has done so repeatedly. As much as he talked me into joining this group, he also “talked” me out of playing those ETFs. If I recall correctly I was lucky enough to break even before my brain issued the cease and desist order.
Riding a bull is perhaps the most challenge of investment challenges. It will do most anything to throw you off. I have found that a) I am NOT a trader; b) I lean towards emotional panic; c) I rely on the encouragement of great charts and strong players to keep me in the bull. At some point, I’ll spin out of this stuff, assuming we still have a banking system and currency that can buy something. Until then, I am thankful for the lessons of the past, the breadth and depth of the knowledge and wisdom on this site, and the good fortune to have a grubstake with which to participate in this bull of bull markets.
My hat is off to Fully, Audept, Spock, Plunger and several others who make this all work. It is a treasure in the cesspool of investing.