Goldtent TA Paradise

Bought JDST 14.21

1. kemmrich says:

   July 13, 2020 - 8:41 am at 8:41 am

   Going against the herd! I hope you are wrong (ha, ha), but kudos if you are right.

2. Noman says:

   July 13, 2020 - 8:43 am at 8:43 am

   It’s a very uncomfortable trade.

3. Noman says:

   July 13, 2020 - 9:09 am at 9:09 am

   My assumption is that the open will be the high of the day. That the opening gains will rapidly disappear where I will cover/sell position and hope to buy back position later in day as goldies try to retake highs where I put the position back on…

   • Marcusjames says:

     July 13, 2020 - 9:31 am at 9:31 am

     Not sure how that works, but I’m a doofus.

   • Marcusjames says:

     July 13, 2020 - 9:37 am at 9:37 am

     Wouldn’t it be better to buy JDST at the high of gold stocks. Then sell after gold stock gains rapidly disappear?

4. Marcusjames says:

   July 13, 2020 - 9:39 am at 9:39 am

   I just realized that JDST is only 2X inverse, so the risk isn’t as bad. I thought it was 3X.

5. Noman says:

   July 13, 2020 - 9:44 am at 9:44 am

   Most people bullish on gold and gold stocks should just stay long. The buy and hold strategy is best. I am a hyperactive trader who justifies my time at my trading desk by trying to scalp.

   • Marcusjames says:

     July 13, 2020 - 9:53 am at 9:53 am

     I truly am an idiot when it comes to this stuff. As a consequence, I have to just hold, or I’d lose it all, as I have done many times in the past by trading in and out. It’s the people on this site that have helped me hold the course. Good luck, though.

6. Noman says:

   July 13, 2020 - 9:57 am at 9:57 am

   If you look at most miner charts on say a 15 min timeline you see we are in a downward sloping channel. At the open most miners simply rose to the top of that declining channel and thats where you sell resistance.

7. Noman says:

   July 13, 2020 - 10:03 am at 10:03 am

   Sometimes I wonder if I should be posting here. I do not want anyone to sell their positions in the miners. They will make us all very wealthy.

   • Marcusjames says:

     July 13, 2020 - 10:30 am at 10:30 am

     Please don’t stop posting. Your posts are fascinating. It’s all part of learning for people like me.

   • Patrick says:

     July 13, 2020 - 7:03 pm at 7:03 pm

     Hey Noman…very astute day trading. When I see your post going short I also brace myself. Indeed newbies don’t have notion of time frame defined trends.. you can be bullish and bearish same time. I guess the best way is to preface the time frame one has in mind when specifying a short or long position. Again, if one is worried about daily fluctuations, their position size might not be tuned properly. Regards, Patrick

8. Saff says:

   July 13, 2020 - 10:18 am at 10:18 am

   I feel almost as contrary I just bought XLE

   • Marcusjames says:

     July 13, 2020 - 10:33 am at 10:33 am

     You bought at an historic low. That’s not contrary, it seems pretty smart.

9. Noman says:

   July 13, 2020 - 10:47 am at 10:47 am

   Barrick, Newmont, Kirkland are negative. That should not occur if uptrend is intact.

   • Marcusjames says:

     July 13, 2020 - 10:58 am at 10:58 am

     Yikes! My smaller miners are holding up a bit.

10. Chartsmaster says:

    July 13, 2020 - 12:00 pm at 12:00 pm

    Noman, Excellent call so far. Are you going to take profit and reenter today or do you think it carries over til tomorrow? Last week I posted regarding gold and silver pullbacks starting Mondays and mostly Tues.

11. Noman says:

    July 13, 2020 - 12:06 pm at 12:06 pm

    I added to my position at market open. No scalping opportunity so far. I am expecting 48 GDXJ and thus a possible 20 point price improvement when I rebuy JNUG. SILJ is much more resilient and if it drops $1.50
    I will take it.

12. Noman says:

    July 13, 2020 - 12:09 pm at 12:09 pm

    While waiting for the miners to complete correction I am in LABU joining the Ponzi train.

13. Noman says:

    July 13, 2020 - 1:39 pm at 1:39 pm

    Exited JDST. The Ponzi train is better.

    • Marcusjames says:

      July 13, 2020 - 10:05 pm at 10:05 pm

      Your work today shows you are one smart cookie.