etftalk's Account

[XL-entLady]

Nice job!

[etftalk]

Sold 1/3 of ZSL position @ 17.80. Looking for silver to hit 37.
I just sold the rest of my ZSL at 18.20. The way this moves I didn't want to mess with a stop.

[etftalk]

Decided to jump back in CMG today @265.05 after a week of the market digesting the earnings report.

http://www.etftalk.com/images/forum/cmg1.gif


I'm not crazy about the action in CMG but it is still holding above my stop and the last support, so I am still holding.

http://www.etftalk.com/images/forum/cmg2.gif

[etftalk]

I'm not crazy about the action in CMG but it is still holding above my stop and the last support, so I am still holding.

I'm glad I wasn't jumpy on CMG this morning. Support and stop held and it actually closed in positive territory. I now LIKE this action - although it now has to test the overhead 50-day EMA (see chart in above post).

http://www.etftalk.com/images/forum/cmg3.gif

[etftalk]

I just sold the rest of my ZSL at 18.20. The way this moves I didn't want to mess with a stop.
<<While banging head against the wall>> Trailing stop. Traling stop. Trailing stop.... :rolleyes:

ZSL is currently trading at 22.41, 24 hours later.

[etftalk]

I see SLV hit 34.77 this morning but I missed getting in below $35. I just put in an open order to buy a small position at 34.95. Dipping the toe in the water. $35 is a support area - but so is $30.

[etftalk]

OK, I chased a little and bot SLV @ 35.40. Small position so far.

[etftalk]

I know this is catching a falling knife, but I am buying AGQ (3 X silver long) here near 183.

[burrocrat]

<<While banging head against the wall>> Trailing stop. Traling stop. Trailing stop.... :rolleyes:

ZSL is currently trading at 22.41, 24 hours later.

Yeah, kicking myself on that one too, man that went way further than I thought it could.

Can you set a trailing stop on a position you already hold? Or does it have to be done at the time of purchase?

What a difference a day makes.

[etftalk]

Yeah, you can put the stop in any time. I just figured I'd get whipsawed out of a stop so I took the profits. It's amazing that the gain doubled after I sold.

[XL-entLady]

I know what you mean. When the market isn't trending, I can't ever seem to even get on the right side of a trade. That's why I'm sitting out right now waiting to see whether the bulls or bears win. If I picked a position right now I could just as soon make a bonfire of dollar bills. <rolls eyes>

[etftalk]

Being in cash is a good way to clear the cobwebs and see the market more clearly.

[etftalk]

OK, I chased a little and bot SLV @ 35.40. Small position so far.


I know this is catching a falling knife, but I am buying AGQ (3 X silver long) here near 183.
Still holding both of these but seeing some resistance here in silver and it won't take much for me to bail. There is an open gap near 38 and with that old resistance line possibly coming back in play, a move above 38 would be a bullish sign but it could be tough to do. It may be time to use one of those stops - perhaps just below today's lows.

http://www.etftalk.com/images/forum/slv3.gif

[etftalk]

OK, I chased a little and bot SLV @ 35.40. Small position so far.



I know this is catching a falling knife, but I am buying AGQ (3 X silver long) here near 183.


Still holding both of these but seeing some resistance here in silver and it won't take much for me to bail. There is an open gap near 38 and with that old resistance line possibly coming back in play, a move above 38 would be a bullish sign but it could be tough to do. It may be time to use one of those stops - perhaps just below today's lows.
What a difference a day makes: Stopped out of SLV @ 36.18. Stopped out of AGQ @ 204.34.

[RealMoneyIssues]

What a difference a day makes: Stopped out of SLV @ 36.18. Stopped out of AGQ @ 204.34.

Not bad, 12-13% in about 4 trading days... hmmm, about 600% a year if you can do that each week... :bigsmile:

[etftalk]

I'm glad I wasn't jumpy on CMG this morning. Support and stop held and it actually closed in positive territory. I now LIKE this action - although it now has to test the overhead 50-day EMA (see chart in above post).

http://www.etftalk.com/images/forum/cmg3.gif
CMG looks like it is ready for its next move higher...

http://www.etftalk.com/images/forum/cmg4.gif

[etftalk]

Decided to jump back in CMG today @265.05 after a week of the market digesting the earnings report.
I decided to sell 1/4 position in CMG today as it was up another $5 a share on the day. Sold @ 280.73. Still holding 3/4 as I think $290 is close at hand.

It was my largest holding and being fully invested, I wanted to free up some cash to buy AGQ (silver 3X long) this morning with silver holding up despite today's rally in the dollar. If the dollar pulls back I think we could get another pop from this volatile silver trade.

Added AGQ @ 164.59.

http://www.etftalk.com/images/forum/agq2.gif

Now holding the following, in the order of largest to smallest allocation:

CMG
TNA
AAPL
CAT
AGQ

[XL-entLady]

Looks like some really good holdings. I had CAT for a while and sold way to early. I need to learn to be more patient with my winners.

[etftalk]

Added AGQ @ 164.59.
This one is leaving a mark. I can't even sell it until tomorrow because of the free-ride rule. :eek:

The gap on S&P is nearly filled this morning so I will wait to see how that plays out before selling any equities.

[etftalk]

Now holding the following, in the order of largest to smallest allocation:

CMG
TNA
AAPL
CAT
AGQ
Stopped out ouf CAT. :sick:

[etftalk]

Raised some cash this morning (sold AAPL and 1/3 of TNA position) but I am not as bearish as some folks I see on TSP Talk. I think sentiment is way too bearish to get a big correction. More like a pullback or consolidation if anything. That said, I really don't want to see the S&P go back below the 50-day EMA. That could change things, but still, sentiment is too bearish to see too much damage being done.

[etftalk]

The gap in the S&P is now filled. I'm rolling the dice here. After selling some on Friday, I am adding to TNA (79.07) and AGQ (silver) (171.30) positions. Getting nervous.

My largest holdings were CMG and LVLT (http://www.tsptalk.com/mb/showthread.php?p=315844#post315844) and they are actually both up today (Dow is down 163). AGQ is now my #2 holding with today's buy. :sick:

[etftalk]

CMG looks like it is ready for its next move higher...

http://www.etftalk.com/images/forum/cmg4.gif
New 52-week high today for CMG (291.21)

[etftalk]

I wanted to free up some cash to buy AGQ (silver 3X long) this morning with silver holding up despite today's rally in the dollar. If the dollar pulls back I think we could get another pop from this volatile silver trade.

Added AGQ @ 164.59.



The gap in the S&P is now filled. I'm rolling the dice here. After selling some on Friday, I am adding to TNA (79.07) and AGQ (silver) (171.30) positions. Getting nervous.

My largest holdings were CMG and LVLT (http://www.tsptalk.com/mb/showthread.php?p=315844#post315844) and they are actually both up today (Dow is down 163). AGQ is now my #2 holding with today's buy. :sick:
Stopped out of AGQ at 185.88. Rats! It was near 210 yesterday. :mad: