Time to make money with GOLD: SHAPOW!
- Thread starter mGrunin
- Start date
Poking around this site won't hurt.
Alternate Unemployment Charts
Alternate U.S. Dollar Index Chart
I suppose any particular real estate market could improve.
What was the play on FB? Tell us more about how someone pulled a 200% return on $250k in 3-4 days. What was the downside?
Positions have been opened on my end. GLD is slightly down today but that is perfectly fine, it is still hugging that support line. This small downside today is actually giving us a great opportunity for lower priced options.
Two different spreads here. First the $115/$116 Call spread; I am risking $20k to make $17,250. The second one is $117/$118 Call spread; I am risking $1,875 to make $10,625.
Two different spreads here. First the $115/$116 Call spread; I am risking $20k to make $17,250. The second one is $117/$118 Call spread; I am risking $1,875 to make $10,625.
The Roman empire imploded for its huge expansion. They reached a level that it was impossible to control their own borders, lowering their military level because they thought to be the master of universe.
Though you are right to be sceptic about a new recovery phase.
The global parameters and variables are too complex:
1) China economy;
2) India and asian tigers economies;
3) Oil consumption / Pollution level;
4) Population growth;
Next few years are critical and if we (western world) are able to leverage this new global social-economic environment, the next recovery phase can be huge.
Do you basically stare at your monitors and trade all day or is there something else that I'm missing?
Months ago, that was how I would trade. I would spend nearly every minute between 9:30 PM - 4:00 PM watching the ticks up and down. That was quite stressful and I averaged about 8-12 trades per day.
As I began to vary my trading habits, it came to me that less is more. While actively trading throughout the day can yield fantastic daily gains, the stress and the uncertainty is far too great. At the moment, my positions are typically on a weekly to a bi-weekly basis. Since I am giving myself additional time for the positions, I am not required to watch the charts every waking moment.
Do you think you will continue the way you are now? Or make more trades in the future as you did before? Or more but not quite that much?
Will more trades make more sense with a larger bank roll?
I admire what you are doing and particularly the "hype" with it and all the videos you do with it. It's going to provide you with good potential into starting a hedge fund if that's the route you want to go.
A lot of people here understand that. Difference might be scale.
When something requires a lot of attention or monitoring, It's definitely a "cost" in the sense of personal enjoyment of life. If I'm not pursuing overall life enjoyment, I don't know why I'd bother doing anything at all.
My dilemma wasn't really whether I enjoyed it or not, it was the stress that came with it. There is a particular stress that comes with trading that was unparalleled with anything else I have done business wise. I have had so many days of huge swings. Up $100k one day, down $100k the next day. I remember how one day I was up nearly $90k and finished down $25k overall. Such ups and downs take a huge tolls on your mental and physical body.
Hell, I remember when I was an affiliate and the only concerns I had was whether or not Facebook banned my ad account overnight.
Anyhow, I rather trade the way I am at the moment, and my mind is at ease.
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Yeah... worrying about shit is a cost. Constantly monitoring shit is a cost.