Time to make money with GOLD: SHAPOW!
- Thread starter mGrunin
- Start date
Damn, you caught me... I spoke to soon and edit my post seconds after posting that... Timing.... It's a bitch. :anon.sml:
Past price is not indicative of future performance.
We're way past too fucked for that now.
Thanks for the post Charlie. I do agree with you that the golden period to get back into gold on the long side will be when we finally see capitulation. When most investors are finally all on the same boat (short side), that would open up the right environment to go long for the next few years.
Just like you also mentioned, my suggestion here is simply a trade. The trade might just last 3-4 days until we hit our profit goal and are back out.
That is tough question to answer because I am still learning to this day. If you plan to strictly trade shares, then versing yourself on understanding technical trading and at the very least a model level of fundamentals should only take a few months to grasp pretty well. The most difficult part with trading is the mental side of it. It always is an oncoming battle within yourself when you decide to enter or close a position. Fear causes you to lose out on many great opportunities, while greed causes you to lose what you once had.
Now..if you want to also trade options, then the learning curve there is much greater. To really fully understand options, and what they are derived from, and how to calculate each greek's influence takes a look time. As a newbie...probably closer to a year.
I don't agree that everyone that starts loses money initially. Many do get lucky. But for learning purposes, it would be better for the person's future development to lose at the beginning. The worst sort of attitude to have towards trading is the "I'm invincible" attitude because it will have you forcing your trades and also over-trading. If instead you do lose your first couple trades, that will curb your ego and you'll approach the industry more cautiously.
True story:
Two months ago I was speaking to a friend of mine in the industry, he was impressed with some of my posts and wanted to follow me on the next few trades. He ended up deposited roughly $250k into his trading account and waited for my trades. I had a play on FB, and he followed and turned out close to $500k in profit. Keep in mind that this trade took place over 3-4 days ago. So half a mil in 3-4 days was very impressive. Now the man himself already kills it in affiliate marketing, but when he saw that he pulled out half a mil in a single trade within a couple days, he thought to himself that this is where all the fucking money is. He could rack in millions by the day.
From that point on, he begins to join all different discussion boards, and starts pulling his own trades just based on his feels. He asks for my advice over the two weeks but I wasn't pulling any trades since I didn't like the market environment but that didn't stop him from still pulling trades. When I caught up with him 3 weeks later down the line, he lost $400k of the initial $500k profit so far. So even though he was still over water at that point, the over confidence he received from the first trade really distorted his view of the whole game.
I haven't heard from him in a few weeks now...so I gather things didn't go too well from here.
Lukep, I think that was the point in his video. If he's able to get in at that certain low point, he's gonna profit either way. Profits may be quite different depending on which way it goes, but profit nonetheless. I don't know shit about the markets, maybe he's full of shit, but if what he says is true, then he's about to win either way. WIN EITHER WAY =
The win either way scenario is what is most attractive. It seems less speculative, less of a gamble. Of course this may just be his spin on it, I don't know. But I'm bored and actually interested in this.
In my video, I didn't say that I would profit either way, I did say that we are at a pivotal point here were we can pick a direction and have minimum losses if we are wrong.
Later tonight I will cover some option positions, one that would actually allow us to profit even if it goes up or down, it is just a matter of it actually going somewhere.
So, do you feel that this chart is indicative of the last few years of the Roman empire?
The last few years of the Venetian empire?
The last few years of the Habsburg empire?
The last few years of the Bourbon Monarchy?
The last few years of the Weimar republic empire?
The American empire will be no different. All of these empires imploded from unsustainable debts and too much money printing.
Gold and silver would skyrocket if America collapsed. I agree with you but I don't see this happening any time soon.
[ame=http://www.youtube.com/watch?v=bYkl3XlEneA]There Will Be No Economic Recovery. Prepare Yourself Accordingly. - YouTube[/ame]
Despite shit you hear on "the news," there's nothing to suggest that will happen anytime soon.
Please explain this "recovery" I've been hearing about for 4-5 years now.
At the bare minimum, metals are inflation hedges, and there's no indication that inflation will slow down, either... only the opposite.
There's no indication that demand for dollars will rise... only the opposite. That's the giant elephant in the room, as far as I'm concerned, and it's a big giant fucking deal.
At this point in time, if you don't have immediate access to it, you don't own gold at all. You own papers and promises from banks - who have proven themselves to be quite criminal in recent years.
There's a reason why there are physical gold shortages.
well gold is the reason I lost almost 20k earlier this year. The word is that the US dollar is strengthening so why would there be a need to load on gold? That was the premise for it's rise after the recession ( the QE at least). The tapering would cause people to be more careful with their investments but since the returns on the equities are so high there is no point in flocking to gold yet. It will rise eventually but Im not sure this is the moment.
If you guys are insane enough look into NUGT and DUST.
If you guys are insane enough look into NUGT and DUST.
I have nothing but respect for mGrunin with his Midas touch (yeah it was intended) and his willingness to put himself out there, before taking action and his willingness to share.
My question about the chart, it would be interesting to see a longer history, to the left the bands are squeezing and yet it dropped quickly afterward. I understand the technicians and their argument for support (not band related) but just questioning the bands narrowing argument.
My question about the chart, it would be interesting to see a longer history, to the left the bands are squeezing and yet it dropped quickly afterward. I understand the technicians and their argument for support (not band related) but just questioning the bands narrowing argument.
I don't watch much news. This year, I see more new homes being built and the average price of homes rising. Unemployment looks like it has been dropping for a couple years now. Hell, I know one guy who even quit his 6 figure job to fix and flip.
I have no way of knowing what you've heard, especially for the last 4-5 years. Why don't you share it?
