Zeal Report on Gold Stocks

[beauanderos]

http://zealllc.com/2014/gsmnewup.htm

ok... so this guy is generally pretty good. Took a small profit from closing a DSLV position and moved half into NUGT, and the other half into JNUG.

C'mon, Gold... rally now, alright?

[beauanderos]

And the game of "Steal the Bacon" continues. Bought two positions on Monday, sold today after an 11% run-up. Placed orders to buy both back
(more shares) if they drop 5%.

[Chief]

I'm a complete novice when it comes to paper, but you can "semi- day trade" and make money with trading paper?
We both stack physical, but I'm afraid of messing with the paper bologna.

That raises the question, when something is funky is it typed bologna or baloney?

[beauanderos]

I'm a complete novice when it comes to paper, but you can "semi- day trade" and make money with trading paper?
We both stack physical, but I'm afraid of messing with the paper bologna.

That raises the question, when something is funky is it typed bologna or baloney?

I still (although I emptied all accts two years ago) contribute to my 401k at work... just the minimum six percent which they will match up to half. If it weren't for the
match I wouldn't do it. This is in a self-directed acct, so I play around with the little bit of money that adds up in there. I am fearless with those funds since they could
get grabbed anyway. The problem with trading paper (and the delay associated with withdrawing it... if you did score a home run) is that let's say you hit a ten-bagger
and pulled the funds? What are you going to spend it on? The run-up in physical that would allow you to make a killing playing leveraged ETF's within a 401K would mean
that physical in the real world had grown scarce. Still, not a rationalization NOT to try it, but simply a shortcoming of the practicality of doing it. There's an upside and
downside to everything. The long term (one to two year) plan is to build up the acct, and then take out a five year loan on it and buy more physical, or drain the acct
again and do the same.

baloney

also, and this can prove an important point... when trading within a self-directed acct you have to wait three days for trades to "clear."

[beauanderos]

and on this waterfall gold plunge my orders triggered. I now have two more shares of NUGT than last time, and five more shares of JNUG. Will place limit orders to sell on a ten percent rise, and when/if that happens will place limit orders to buy after a five percent decrease. I expect both of these plays to advance steadily, but it won't be in a straight line... and might as well piggyback off the manipulations that are ongoing. We're entering a seasonally strong time of the year for gold.

[Recyclersteve]

and on this waterfall gold plunge my orders triggered. I now have two more shares of NUGT than last time, and five more shares of JNUG. Will place limit orders to sell on a ten percent rise, and when/if that happens will place limit orders to buy after a five percent decrease. I expect both of these plays to advance steadily, but it won't be in a straight line... and might as well piggyback off the manipulations that are ongoing. We're entering a seasonally strong time of the year for gold.

Be careful about the 30 day wash sale rule, which is quite complicated and basically dictates that you can't take more than two losses on the same stock in 30 days. For a more detailed analysis, chech with your broker or tax pro.

[beauanderos]

and on this waterfall gold plunge my orders triggered. I now have two more shares of NUGT than last time, and five more shares of JNUG. Will place limit orders to sell on a ten percent rise, and when/if that happens will place limit orders to buy after a five percent decrease. I expect both of these plays to advance steadily, but it won't be in a straight line... and might as well piggyback off the manipulations that are ongoing. We're entering a seasonally strong time of the year for gold.

Be careful about the 30 day wash sale rule, which is quite complicated and basically dictates that you can't take more than two losses on the same stock in 30 days. For a more detailed analysis, chech with your broker or tax pro.

That doesn't apply within a self-directed 401K. Not taking losses on these... if they turn sour for awhile I just ride it out. Sometimes it's quick (three or four days in and out)... other times it can take months.