Goldtent TA Paradise

And 2016 Award goes to: Mark

1. Randy says:

   December 30, 2016 - 9:34 am at 9:34 am

   Yes and he got ran out of town for it.

   • Fullgoldcrown says:

     December 30, 2016 - 10:22 am at 10:22 am

     I disagree 100%

     Mark was belligerent and aggressive towards anyone who had a different take.

     he was not run off the board. he left after his call went way south

     Mark bought JDST in June at $10 and averaged down and was Fully Loaded at $9 average BY June 27.

     “I will be holding this for several weeks” ….YIKES !

     https://goldtadise.com/?p=374441

     JDST went on to about $4 IN A COUPLE OF WEEKS and this poster was still buying all the way down! One cannot claim that was a good trade. It was one of the worst trades of the year. Mark is a good chartist who let his ego take over and got crushed. This has happened to me over the years as well. Ego is a portfolio KILLER. NUFF said about this .

     JDST Split 1 for 5 along the way….so lets look at this trade even now after a huge drop in PMs

     https://stockcharts.com/h-sc/ui?s=JDST&p=D&yr=0&mn=8&dy=0&id=p62961992820&a=496380853&listNum=1

2. James says:

   December 30, 2016 - 10:47 am at 10:47 am

   To backup Fully’s comment, here are the past June 8th posts from Mark. Had he not abandoned ALL of his long positions on June 8th switching out to short trades, 2 months BEFORE the miners reached their highs on August 9th was a major loss of gains not to mention losses for going short.

   June 8, 2016 – 4:23 pm

   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.

   GDXJ

   June 8, 2016 – 11:13 am

   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.

3. Electrum says:

   December 30, 2016 - 10:58 am at 10:58 am

   there are some lessons to be learnt from mark”s episode and they have nothing
   to do with T.A skills,or his trading decisions.at the time he was a lone bearish voice
   and it was not taken well.ego is not only a portfolio killer,but a human relations
   killer.i vote for more tolerence for 2017

   • Fullgoldcrown says:

     December 30, 2016 - 12:08 pm at 12:08 pm

     Then there is Parabolic Chuck who has posted THE most bearish scenario imaginable and received nothing but thanks and appreciation for his work.

     Its not what you present but how you present it.

     In your Face or In your humble opinion ?

4. Karl says:

   December 30, 2016 - 12:56 pm at 12:56 pm

   I personally remember (if only vaguely)

   1/ enjoying and in fact admiring his posts more than many here (and I admired plenty of other people’s posts here over the past year–thank you)

   2/ at times feeling really, really glad that I had not deployed my assets the way I saw he was deploying his.

   A diversity of perspective is interesting if sometimes so confusing as to be paralyzing.

5. Music Man says:

   December 30, 2016 - 2:57 pm at 2:57 pm

   In the short time I had been on the board, I admired him for his openness, his not being afraid to tell what he was doing and why and not worrying about being wrong or looking foolish.

6. Argentaurus says:

   December 31, 2016 - 5:16 pm at 5:16 pm

   Never knew the guy but anyone that has the balls to call live trades deserves respect in my book.