Loading ...The Anatomy of a Good Trade
“Below are the 19 stocks left in the PM stock portfolio which shows each position with a daily, weekly and monthly chart for perspective. Keep in mind when I first built this portfolio I said I was gearing it for more leverage vs the big cap PM stocks. Knowing I was taking on more risk I also knew that every small cap PM stock would not work out which is one reason I have a maximum of 20 stocks. As many of you already know these small caps can blow up at any given moment which is the price you pay when you buy leverage. On the other hand you only need a few to of these small caps to hit a home run that can change your life. Have a great rest of the weekend. All the best…Rambus”
Weekend Report for Members
https://rambus1.com/2019/09/01/weekend-report-august-end-of-month-pm-stocks-portfolio-update/
Good gambles now. When I was with Rambus years ago, I lost thousands with JNUG and NUGT. Timing is everything and so is luck.
Experience teaches
In the 3X ETFs The key is to not overstay.
Timing 80%
Luck 20%
Experience teaches. Sometimes it even teaches lessons that are more correct than not.
……
One lesson, I think, is that different styles suit different people. Some people may have done well with buy-and-hold with bullion and royalty companies since the bottom at the beginning of the century (or even since earlier bottoms), or the intermediate bottom around early 2016. Others may have done well with buy-and-hold except for adjustments depending on individual companies’ charts and fundamentals. Some may have prospered as frenetic day traders or as ace penny stock experts with acute sensitivity when to dump them. And so forth–many, many different styles and techniques may work. Many who prospered may have been on opposite sides of a given position at a given time. Luck helps, at least for a while. Learning differing perspectives helps. However ultimately success tends to depend on learning to do it one’s self with one’s own methodology and style, which must not follow other people’s opinions too much yet must adjust to changing realities.
……
Also, yes, you have to have a lot more nerve or something, and ability to tend to the market than I do to have anything to do with those 3X derivatives, but some people apparently can handle them. I once had very pleasant success with a small Spock-suggested position in a 3X USTreasury-related thing. That was my first 3X experience and I expect it will be my last. Not for me at all.