pthomas215
1,251 posts
msg #135637
- Ignore pthomas215 |
4/27/2017 12:44:17 PM
ok no worries. well, if your friends and family are like mine, their mindset is always like a year long hold. so, yes you will get blamed.
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shillllihs
6,088 posts
msg #135657
- Ignore shillllihs |
4/28/2017 10:17:19 AM
I'm going to try to hold DUST short for 2 months.
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pthomas215
1,251 posts
msg #135667
- Ignore pthomas215 |
4/28/2017 11:27:05 AM
shillhs, for your brother. i follow this guy on seeking alpha. he has decent perspective.
https://seekingalpha.com/article/4066700-time-silver-bulls-mop?app=1&uprof=44&isDirectRoadblock=true
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shillllihs
6,088 posts
msg #135671
- Ignore shillllihs |
4/28/2017 12:01:37 PM
Thanx but I talked him out of the market, told him most traders I know are idiot degenerate gamblers,
trying to feel like they are defying the odds with no real direction, and deep inside, they know they are goofs. Told him you will fail without patience and discipline, not to mention the manipulation involved.
I talked him into following me in one of my extremely successful side businesses.
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pthomas215
1,251 posts
msg #135672
- Ignore pthomas215 |
4/28/2017 12:07:20 PM
indeed there is some truth to that, especially the no real direction. i.e. markets follow news cycles and news is up and down on a daily basis. i usually recommend real estate investment to those that dont know the markets.
That said, Im probably taking 1000 SLV @ 16.28 if I can get it. Looks good on paper.
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shillllihs
6,088 posts
msg #135674
- Ignore shillllihs |
4/28/2017 12:18:00 PM
Real estate is great for a base income but I have 7 sources of income.
My online business is a money tree producing serious bank that's growing 600% a year. Online is the wave of the future.
The market is just my recreation.
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shillllihs
6,088 posts
msg #135678
- Ignore shillllihs |
4/28/2017 1:25:30 PM
That ETF OIL acts like it's leveraged but I don't think it is. I'd be wary of shorting Sco or going long OIL.
Odd performers. Plus 12% borrowing fee on SCO. Was ready to SHORT SCO but I have some DWT already. What do you think PT? You're the expert.
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pthomas215
1,251 posts
msg #135680
- Ignore pthomas215 |
4/28/2017 1:51:32 PM
chicago shillihs, it is almost as if you were watching my trading today from chi town. so pissed off right now, got into UWT at 17.7, then bailed on the trade at 17.30 or so. Im done with Oil. this is the 3rd time I have eaten consolidation as soon as I take down oil. I just dont trust it. you wrote that when I mumbled to myself "never going to get in Oil again". fluctuates too much. Now that said, of course as I pull up UWT i see price rising with BB getting tighter. if i were still in the trade i would stay until at least Monday. Thanks shillihs. I'm already on Lisinopril without the reminder of my shitty trade. ha.
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shillllihs
6,088 posts
msg #135682
- Ignore shillllihs |
4/28/2017 3:10:03 PM
Oil has always been the most manipulated followed by metals.
Would rather play Xiv/Tvix as it seems to be the most consistent.
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shillllihs
6,088 posts
msg #135730
- Ignore shillllihs |
5/3/2017 1:31:04 PM
Thoughts for today,
SHORT DUST & DSLV
That's what my filter says and it's 110% accurate. Ride out the down, it will come back.
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