Official Short-term Investments Thread

[SilverRex]

is this the bounce for oil I am expecting? it was so oversold and sentiment was so bearish, it had to rally regardless of direction.

bte has recovered 8% off the low. very nice. would have double up my position if it had dropped another 3.5% but that is ok. if oil rallies from here, I sit tight with my small holding and do nothing. if this is a fake bounce with one more lower low to come then I buy at the right price.

jnug has moved nearly 50% up within 5 days. talk about strength

gdxj is very close in making a new 52 week while gold still hasnt. looks like it is going to be a good weekend ;)

[Vanish3d]

well my smart ass strategy didnt work lol

[bspot]

Originally posted by bspot
MCRB for beer money. Down 76% on a trial failure.

Anyone else jump in? I'm up 13% so far :rofl:

[SilverRex]

gdxj new 52 week high. oh lord :D

[Disoblige]

Originally posted by bspot


Anyone else jump in? I'm up 13% so far :rofl:
No, but should I? lol.
Looks tempting but I know nothing of this segment. I'll probably pass, as even the CEO and other execs don't have confidence in the company.

[Vanish3d]

i'm hoping for a significant drop now...

[Vanish3d]

Originally posted by bspot


Anyone else jump in? I'm up 13% so far :rofl:

Maybe I'll throw in some beer money.... I know nothing about it but if it's down 70% I'm sure it'll pop up 10-20 next week.

[SilverRex]

bte after taking out above 6.21 today, potentially has produced a swing low on the daily chart.

this means the low 'may' be in. now it is up to oil to do it's part. it's the first sign that a bottom may be in for this stock

[el_fefes]

Market not happy with YRI earnings? Stock's down when gold is up...

[SilverRex]

1350 is an important area (its either a big rejection or a breakout). selling half of my Jnug. riding the rest and booking profit.

My entire portfolio is already higher than when gold was at 1375 a few weeks ago, trying not to get too greedy.

[ercchry]

Up 20% on miners... Really don't want to hold over the long weekend... Hrm...

[ercchry]

Fucking questrade... Risk review for over 20min... But ended up scoring an extra 8%... Basically sold at today's high...

[Disoblige]

^^ worked out lol. extra % for beer money

[bspot]

Originally posted by Vanish3d


Maybe I'll throw in some beer money.... I know nothing about it but if it's down 70% I'm sure it'll pop up 10-20 next week.

Did you get in?

I'm sitting up 30% on the day.

One day I'll get stupid and throw real money at one of these insane selloffs. That will be the day it's actually a company going under. :rofl:

Grabbed some UWTI at $17.54. Hoping it turns here and makes a massive inverse head and shoulders.

Added to my MEG at $5.28, averaged down to $5.69.

Sold my JNUG at $296 and moved most of it into YRI given they lagged the action today.

As the US dollar gets weaker I'm going to try hold more Canadian instruments.

Still holding LABD which hasn't hit my stop yet, but is down a couple bucks. XBI looks like it should be making it's mind up on Monday, right at the top of the channel:

http://930e888ea91284a71b0e-62c980cafddf9881bf167fdfb702406c.r96.cf1.rackcdn.com/data/tvc_baa5ad4bb319748fbef66eb23cb095ab.png

[ercchry]

Originally posted by Disoblige
^^ worked out lol. extra % for beer money

Well... I guess it's a long weekend :rofl:

[SilverRex]

I will out of town next week, not going to post much.

the only chart I wanted to post is the energy sector represented by XLE here.

while oil has not formed a daily swing low just yet. Energy shares had rebounded nicely on friday and confirmed a very bullish engulfing candle and swing low. RSI is also nicely coming out of oversold.

which means. While oil can still make a lower low. Energy stocks/shares may only retrace. Energy stocks have basically traded side ways or you can say corrected side ways for over 2months. Once oil breaks out (above 46) energy stocks will breakout. The target area would at least imo equal to the rise off the bottom. resulting in many stocks at least doubling from their current areas.

http://i.imgur.com/CQDSAiZ.png

[bball2]

Well on one hand gold is making a killing, on the other hand still holding UWTI, oil might break below $40 today :banghead:

[KappaSigma]

Still think oil falls farther and still sitting on all cash for now.

[riander5]

How long to hold netflix calls

hmm

[bball2]

Originally posted by riander5
How long to hold netflix calls

hmm
What was your strike price / expiration date?

[riander5]

90 strike sep 16 expiry

From what I can tell on the chart (the stock is trading in an extremely well defined triangle) it should have room to go up to about 96ish before it hits the upper trendline and is OB at the same time.

Will likely sell then - looks like it may hit that sometime this week

[Cooked Rice]

Isn't UWTI due for a split soon if this downtrend still continues? Glad I dumped mine over a week ago.

[Marsh]

bought some DWTI @129. planning to hold for 2 weeks max.

[bspot]

Originally posted by Marsh
bought some DWTI @129. planning to hold for 2 weeks max.

Brave guy. I feel way too late to the party for DWTI.

[InRich]

I'm just curious what you guys think about investing in silver bullion. And not ETFs or whatever, actual physical silver

[bjstare]

Originally posted by bspot


Brave guy. I feel way too late to the party for DWTI.

Way late, IMO. Wait til it trends up and pick up UWTI.

[bjstare]

Originally posted by InRich
I'm just curious what you guys think about investing in silver bullion. And not ETFs or whatever, actual physical silver

It would be cool for the novelty factor. As a short term investment it's impractical. If you're going to keep it for 5, 10, 25 years, why not.

[bspot]

Tried to jump in LABD at close, but a meeting meant my order went at 2:01 and didn't fill.

Going to look for entry in the AM.

Anyone play with UVXY, TVIX, SDS or SPXU? SPY looks ready to break down.

[Cooked Rice]

I think you are still OK with DWTI, if this is head and shoulders, we still have a little more low to come. But it's going to hit in days not weeks.

EIA is tomorrow, good luck!

I'm out of all oil positions until we have a positive trend.

[bball2]

Originally posted by bspot
Tried to jump in LABD at close, but a meeting meant my order went at 2:01 and didn't fill.

Going to look for entry in the AM.

Anyone play with UVXY, TVIX, SDS or SPXU? SPY looks ready to break down.
Might've been a good thing it didn't fill! Chance to get in lower today :thumbsup:

[bspot]

Originally posted by bball2

Might've been a good thing it didn't fill! Chance to get in lower today :thumbsup:

Yup, that may have worked out alright... haha.

I don't get what's up with Bios. Maybe SilverRex nailed it and it's going to be a stupid straight up run like miners were.

It just seems there has to be some sort of pull back.

Maybe I shouldn't have watched the Big Short on the weekend.

Who knows :rofl:

[Disoblige]

LABD looks scary, but so tempting.
Safe to assume you bought in this morning bspot? lol

[ercchry]

6% day so far for meg.... Hopefully this is the start of a decent run, would love to ditch these contracts soon!

[bjstare]

Originally posted by Disoblige
LABD looks scary, but so tempting.
Safe to assume you bought in this morning bspot? lol

I think you guys are crazy getting into LABD right now, why bet against the trend?

Also, XBI has tried to break the $60 resistance a couple times... now that it's finally done it, what's to stop it from heading up to the >$70 range now??

Thoughts?

[bspot]

Originally posted by Disoblige
LABD looks scary, but so tempting.
Safe to assume you bought in this morning bspot? lol

I did. Unfortunately not my first buy. I bought at the top of the previous price channel as well, but cut my losses on that position.

I think I'm early again. There is no resistance at all to XBI until $64.87 on the weekly.

It's also poking out of the top BB on the weekly. I'm setting a stop at today's low for LABD.

http://930e888ea91284a71b0e-62c980cafddf9881bf167fdfb702406c.r96.cf1.rackcdn.com/data/tvc_40999e45cd22c6ea55cddb4d3e094e8f.png

[bspot]

Originally posted by cjblair


I think you guys are crazy getting into LABD right now, why bet against the trend?

Also, XBI has tried to break the $60 resistance a couple times... now that it's finally done it, what's to stop it from heading up to the >$70 range now??

Thoughts?

Completely agree. It just "feels" late to be jumping back on LABU, but there is so little in the way of resistance.

I really want a pull back to jump back in LABU, but I'm not going to make a pullback with bad bets on LABD.

[riander5]

Sold LABU back at around 35 after buying at 28. Thought I was mr smarty pants then

[riander5]

Originally posted by bspot


Completely agree. It just "feels" late to be jumping back on LABU, but there is so little in the way of resistance.

I really want a pull back to jump back in LABU, but I'm not going to make a pullback with bad bets on LABD.

I dont think LABD is a bad play... but i wouldnt expect it to double like the last few times. I think there will be a correction and then labu will continue its way up. Like someone said earlier there is not much resistance technically for XBI until 70's

[Vanish3d]

I've been on the fence on LABU/LABD. I can't decide which side of the fence I want jump into. I can never get it right with XBI.

Similar feeling now with JNUG/JDST -

[bspot]

Originally posted by riander5
Sold LABU back at around 35 after buying at 28. Thought I was mr smarty pants then

Me too.

I had half my position I was letting run with a trailing stop, and the price went 5 cents below my stop and exploded up from $34.90.

That hurt. Stupid stops.

Looking at the daily MACD for XBI I feel even dumber. Why not just wait for the cross? Why??

[Disoblige]

There is an earning report tomorrow apparently?
LABD could spike up a bit if results are bad I guess?

[Vanish3d]

^ it's just roulette at this point. Put your money on red or black..

I just picked up some LABD at 21.05. Come ooonnnn red

[bspot]

Switched to LABU after it broke $46

[bspot]

Alright, that's enough LABU. Hoping this is a double top on the daily.

LABD at close for the morning action. One day this will work... one day.

PE ratios are stupid in Biotech right now, so I don't even know if earnings matter.

[Marsh]

Originally posted by Marsh
bought some DWTI @129. planning to hold for 2 weeks max.

Ahh hit my stops today at 123. Came out relatively unscathed 4.5% loss. could have been worse

[Vanish3d]

I think from now on I'm going to decide on a direction and do the exact opposite - guaranteed to work this way....

[bball2]

Nice movement on both crude oil and gold this morning.

[Disoblige]

Yeah, should have went in on UWTI.
XBI really doesn't want to go under $64!

[bspot]

I'm really hoping for some massive "Sell the news" with XBI tomorrow.

If I was smart, this is exactly when I would have held my LABU until. :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead: :banghead:

[riander5]

Whats the matter? Labu is down today and post market

[bspot]

Originally posted by riander5
Whats the matter? Labu is down today and post market

I sold at $34.90.

That's what's the matter.

Bought at $22. Could have been epic.

Looking through the LABD lens, the LABU exit is so much clearer.

Still learning with every trade.

I'm holding LABD now, I just need to figure out a price target. There will be some support for XBI around $62.50. If it falls through there I may just rely on fib retrace targets.

[bjstare]

Originally posted by bspot


I sold at $34.90.

That's what's the matter.

Bought at $22. Could have been epic.



Yeah 50% gain, you must be pissed.:rofl:

I also hate leaving profits on the table, but just try to look at the bright side. It's not like you lost on the trade, you still did really well haha.

[bball2]

My first two trades of this year; put a big chunk of my portfolio in BRZU and BTE right at the very bottom:

BRZU - bought at ~$20, sold after 10% gain

BTE - bought at $1.85, sold after 30% gain

BRZU is now at $144 and BTE is now at $6 (did go as high as $8.50 in early June). Man probably 200+ trades since then and if I had done nothing since those two purchases I would be laughing. :rofl:

[bspot]

^That's my biggest problem. I trade too much.

There's been times where my portfolio value has gone way up and I've thought "I should just sell everything here and sit on cash until next year"

I'd be ahead of where I am now :rofl:

I hate how much I like having trades in so I can watch how the do. It's like watching sports at work :rofl:

[bball2]

Damn, gold just fell off a cliff

[bjstare]

Originally posted by bball2
Damn, gold just fell off a cliff

I knowww I'm holding YRI and ABX

:(

[el_fefes]

Probably from good job data in the US? Buying opportunity? Miss SilverRex haha

[bball2]

Originally posted by cjblair


I knowww I'm holding YRI and ABX

:(

Holding NUGT / JNUG and lots of Barrick call options :rofl: :cry:

[ercchry]

I've been pretty upset with such a sideways week on gold, but with the drop this morning I'm kinda happy to have a buy order finally go through on something... I'm halfway into my position now... Hopefully we have a good week next week

[bjstare]

Originally posted by bball2


Holding NUGT / JNUG and lots of Barrick call options :rofl: :cry:

Haha, well I could be worse off then, is that what you're trying to tell me? :poosie:

[bball2]

Originally posted by cjblair


Haha, well I could be worse off then, is that what you're trying to tell me? :poosie:
Even after the free fall today, it's still been a pretty solid week for gold overall. Fingers crossed for a big turn around :bigpimp:

[bball2]

Originally posted by riander5
90 strike sep 16 expiry

From what I can tell on the chart (the stock is trading in an extremely well defined triangle) it should have room to go up to about 96ish before it hits the upper trendline and is OB at the same time.

Will likely sell then - looks like it may hit that sometime this week
If you're still holding might be a good time to sell for some dope profits :thumbsup:

[riander5]

Originally posted by bball2

If you're still holding might be a good time to sell for some dope profits :thumbsup:

Ah sold yesterday because I thought it might hang out around that price a bit longer and id lose cash to time decay. Still made ~65% though

[riander5]

Originally posted by riander5


Ah sold yesterday because I thought it might hang out around that price a bit longer and id lose cash to time decay. Still made ~65% though

Which only helped stemmed part of the bleeding from oils 50-38 drop. And my JNUG miss

:cry:

[el_fefes]

Bought JNUG on the dip... we'll see how this plays out.

[bspot]

I'm waiting still. Trying to picture some SilverRex i/ii/iii/iv/v impulse or a/b/c forming on the way down here.

Gold is close to the 50% retrace from 1310-1373 however, so this could be all the dip we see.

[bjstare]

POU :clap:

I've traded a few swings since their big jump a couple weeks back, this is my favourite stock right now haha.

[Disoblige]

In LABD @ 20.75. Let's see what happens towards end of day, or even early next week.

[bspot]

Holding LABD. You guys were smart and waited longer on entry than me, but some weakness starting to show in Bio. This jobs report was a temporary setback.

Dumped half my miners and converted to JNUG and USLV. Well do it again if it drops more next week.

Still holding UWTI... nervously, but not much of it.

[Disoblige]

I could have waited an hour or so more. Went into $20.6x's after, but whatever. At least it's not under $20 :rofl:

[redrocket]

What platform is everyone using ? I use bmo's investorline but it looks like a huge advantage of going with td is getting think or swim. Starting to think it will be best to withdraw from bmo and open at td just for that incentive. Any other free good trading platforms like think or swim I could use with bmo? I know bmo has a platform they will release to you if you do at least 30 trades a month but that's a stretch for me

[bspot]

Get something that doesn't crash on the next Brexit. Virtual Brokers has been pretty "meh" for me overall.

[bball2]

I use interactive brokers, haven't had any crashing or connectivity issues even during brexit, and definitely one of the lower commission brokers (as long as you're not looking to trade penny stocks) :thumbsup:

[SilverRex]

alright back in Calgary. lets start with gdx (miners) current EW count shows we have 5 sub waves up and as a result, it is now moving in wave 2 correction targeting the 29-30 area. The current expectation is that the bullish count is pointing the mining sector on the cusp of a wave 3 of 3 breakout that if occurs projects as high as 39-40.

however the key support is if it dives under 29, it would invalidate this setup and immediately a larger degree correction would be the more probable outcome.

personally I am still heavily invested in this sector. (added back a small position in Jnug last week at 272)

if gdx breaks 29, I will most likely exit all my leveraged position.

http://i.imgur.com/M3elUa0.png

[SilverRex]

there is positive divergence this morning. It is possible gold has bottom, if not, we may get one more swing lower and with the extreme oversold and bearish sentiment from last week gold is due for a bounce.

http://i.imgur.com/Igv8DIO.png

[SilverRex]

as for oil, we are very close to a intermediate bottom (ICL) the swing low off 39 was a good sign and it has came out of oversold. the market sentiment on oil is very bearish right now which is what it needs to get trader to the wrong side of the trade.

while the ultimate confirmation is to see oil recapture above 46. I am already trading as if oil has bottomed last week. (added a position in bte 4.25 US)

cant rule out oil making an undercut low due to stock market near a temporary high and would move into a correction (shortly after Nasdaq making a marginal breakout)

so there is a good chance both oil and stock market could continue to be under pressure. My main focus remains with gold and the mining complex and will add to energy if opportunity presents itself.

http://i.imgur.com/sUIEsKr.png

[SilverRex]

also oil appears to be forming an inverted head and shoulder pattern, breaking above 51 would project a target to 76

http://i.imgur.com/l4POTmi.png

[Disoblige]

Biotech finally cooling off a little, it looks like?

[SilverRex]

wow did not realize sil.v exploded 100% last week

[bspot]

Originally posted by SilverRex
wow did not realize sil.v exploded 100% last week

Yup, during one of the few periods I haven't been holding it. Sigh.

[SilverRex]

Originally posted by bspot


Yup, during one of the few periods I haven't been holding it. Sigh.

same I was not impressed when silver moved much higher yet sil.v went no where. I still pocketed 65% which I shouldnt complain. But it would have been very nice to have held it

[triplep]

BBI back up to what I bought in at, guess its time to sell!

[el_fefes]

Flipped JNUG for around +7%...

With the US job numbers being positive it's possible the Fed could increase rates. Gotta watch out for the next meeting as that may hurt gold/silver.

Thoughts?

[Mostwanted]

Originally posted by bball2
I use interactive brokers, haven't had any crashing or connectivity issues even during brexit, and definitely one of the lower commission brokers (as long as you're not looking to trade penny stocks) :thumbsup:

Do you have any recommended videos on how to start/ learn the IB platform. Been looking into using this online broker, I am also a beginner, thats why its a bit hard for me to understand the layout or even how to get it started/

[buh_buh]

Originally posted by triplep
BBI back up to what I bought in at, guess its time to sell! haha was thinking the same thing this morning.

[SilverRex]

looking at the latest Hui history comparison. it would appear miners have limited upside if it is to be following the last two bull market.

I have decided to scale back completely in this sector considering over a month ago I was expected a top around the 2nd week of August. we are quite close.

While anything can happen and all we know gold could suddenly push a breakout but I wanted to anticipated any surprises to the downside (correction) of a significant manner.

so I have exited 75% of my Jnug position and 65% of my two core miners. I am taking my big profit now and locking in. Keeping the rest if gold makes a huge push, otherwise I will re-establish my position if miners head further down.

I may begin to add to my oil position now that it's ICL is probably completed.


http://i.imgur.com/WFUiiLb.png

[Vanish3d]

Originally posted by triplep
BBI back up to what I bought in at, guess its time to sell!

I rode it up from 0.13 and sold at 0.3 - very small position though. Wish I bought a lot more but oh well

[bspot]

Thoughts on silver? Still sitting in USLV waiting for a big move up. Silver seems bullish to me no matter what happens. Either industrial demand, or flight to precious metals, and silver just seems too cheap to supply either case.

[ercchry]

Is there anything on the horizon to prevent tomorrow from being another up day for oil? Done 100% on rrx contracts... Contemplating dumping them before close

[triplep]

Originally posted by Vanish3d


I rode it up from 0.13 and sold at 0.3 - very small position though. Wish I bought a lot more but oh well

I bought in quite a few pages ago on this thread when someone made the recommendation, so I am happy to break even on this dog.


I have been invested in NLN.TO for a while, wish I had played it a little more, could have made some good returns as it swings up and down.

[SilverRex]

oil looks like it wants to head higher today.

looking at BTE (US) it appears it is breaking out of a multi month down trending line. very good first sign that bottom may be in.

I have two position in BTE, one is about break even, the other is up 20%. if it opens 5% up today I think I will take profit and wait for a rebuy lower.

While I have scaled back significantly on gold, I may increase my position if gdx does drop into the 29-30 area. However if gdx breaks below 29, that will be a concern and I will most likely exit my new entry and wait on the side line to re assess the counts.

http://i.imgur.com/cx5QAiK.png

[SilverRex]

sold half of my BTE this morning. and miners looks unconvincing, could be a wave B bounce with one more low to come. will watch closely

[Vanish3d]

got out of VRX at 10% gain feeling like a superstar....just to watch it pop another 10.
sick

[SilverRex]

it is possible gold may be in a triangle consolidation. selling my last 25% of Jnug and waiting for a better entry

http://i.imgur.com/YQi0mR6.png

[SilverRex]

negative divergence on oil. looking for a drop back to the 42s or anything under will rebuy bte at a lower entry.

inverted head and shoulder should point to a retest of 46 oil.

http://i.imgur.com/m17W1v0.png

[riander5]

Gold headed down, oil headed up

Possibly short GPRO soon... they are OB on weekly. Maybe take a contract 2 months out

edit - OB not OS

[ercchry]

Really wish I bought more rrx... Sold today for 108% gains

[riander5]

You need more gainz ^

[Marsh]

Originally posted by ercchry
Really wish I bought more rrx... Sold today for 108% gains

Are you getting your exposure through options?

Sold a small bit of UWTI in early trading when it hit 21, for a 12% gain.

[ercchry]

Yeah, options... Makes the most sense for me since I tend to not hold things too long