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With the spike in silver I was able to get out with a decent gain.

Am I now bearish on silver? No.

Did I make as much as I could have had I held and silver continues up? No, but I did OK

So why did I get out: Because the way my trade worked was that I had a "maximum gain" and a "maximum loss" within the time frame. I was able to make a substantial portion of my "gain" in 2 days, so why risk the EXACT same "maximum loss" with a much diminished additional gain? Mathematically the risk percentage was much elevated and so I closed out with a tidy profit and now my family can eat this weekend

NOTE: As I have now called a HUGE shot and been correct I have released myself from the punishment related to the "never under 25" statement. If you find this unsatisfactory let me know and I may re-establish the punishment

congratulations!!!

I didn't hit my entry point for this move, but I will have plenty of opportunities with how volatile this market is.

Did they ever remove the Capital A from Hester Prynne in The Scarlet Letter? There's your answer

ok, Doc... here's your chance. Buy ZSL and ride it back down

beauanderos wrote:ok, Doc... here's your chance. Buy ZSL and ride it back down

ok, just for the hell of it I'm gonna try this... just 23 shares if it hits $102... seven cents away right now. The trouble with transactions within a self-directed 401K is that you have to let the trade settle (three days) before you can sell.

EDIT:

23 shares ZSL purchased at $102.39 Now, if the downtrend resumes I can sell these for a small profit... instead of just waiting for USLV to hit my $4 target.

Glad you made some loot Barry.

Ray I'd love to go crazy short in the paper....but I want this cat to bounce higher before I commit.

Only Rodebaugh would have the sinister brilliance to do a double post in honor of ZSl being "double short". Brilliant once again Doc. If I were one that bowed to men, I would be bowing right now.

NOTE: There was a double post there originally

ZSL is actually triple short ... the opposite of USLV

not sure what the double short is... opposite of AGQ?

barrytrot wrote:If I were one that bowed to men...

We always knew your wife wore the pants in the family.

...and I'm glad I wasn't the only one buying water buffalos last night. The dip down below 1200 was too much to resist.

barrytrot wrote:With the spike in silver I was able to get out with a decent gain.

Am I now bearish on silver? No.

Did I make as much as I could have had I held and silver continues up? No, but I did OK

So why did I get out: Because the way my trade worked was that I had a "maximum gain" and a "maximum loss" within the time frame. I was able to make a substantial portion of my "gain" in 2 days, so why risk the EXACT same "maximum loss" with a much diminished additional gain? Mathematically the risk percentage was much elevated and so I closed out with a tidy profit and now my family can eat this weekend

NOTE: As I have now called a HUGE shot and been correct I have released myself from the punishment related to the "never under 25" statement. If you find this unsatisfactory let me know and I may re-establish the punishment

Thank God!! that makes me really happy Barry...I know in many ways we're just typed "words" on a page to each other, but I DO find myself caring about many people on this forum...many, and you're one of them, so I thank God you were able to profit...one of my personal heroes passed away, I just found out...Marc Rich....you ever heard of him?....greatest trader that ever lived....glad you're out bud.....do something nice tonight...get some ribeyes, a movie, strawberry cake, if you got an old lady, hug her, life is good, fondly, neil

beauanderos wrote:ZSL is actually triple short ... the opposite of USLV

not sure what the double short is... opposite of AGQ?

oh heavens to betsy!!! what is that stuff?...be careful older brother! good grief!!

beauanderos wrote:ZSL is actually triple short ... the opposite of USLV

not sure what the double short is... opposite of AGQ?

Well Rodebaugh deleted the double post maybe he deleted the triple before I noticed

Barry maybe now you can get the spare room painted before I have to move in. Congratulations

Marc Rich, Neil thought I was alone in knowing old school commodities traders. Wonder if Bill and Hillary will send flowers? Bah, a pardon was enough.

wheeler_dealer wrote:Barry maybe now you can get the spare room painted before I have to move in. Congratulations

Good thinking.