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| Topie: Wednesday, May 4, 2011 |
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| membar |
Hi All,
I haven't been as excited in over a year about the prospects of trading & automated strategies as I am now. Somewhere, traders are making a killing on the recent volatility in precious metals. I'm half-tempted drop what I'm doing and rush out and find them so I can learn from them and profit from this incredible window of opportunity.
I've made 5% on my TSK-like strategy with AGQ / ZSL in the last couple of days and am doubling down on the strategy today. I wish I had stayed in my AGQ put - it more than doubled. I'm not touching options now because volatility is currently too high. Going to wait it out.
For options, doing a strangle or straddle on gold or silver seems to be the way to go, but I haven't crunched the numbers yet. I wish I knew more people who were experts in this stuff.
(Edited by membar) |
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| Black Swan |
In ERX, 78.11.
Went lower than that within seconds. But I am staying put. No stops yet. I somehow feel that after yesterday's huge slide, we will recover some today, atleast intraday. |
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| Black Swan |
Membar, I don't know much about metal trading either. Would love to know though. I do trade SLV and GLD occassionally and ofcourse our own DUST and NUGT. |
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| BullDog |
Trading isn't easy - but it keeps life interesting and on the edge.
I am not into automated or program controlled trading because I believe, there is no way to program constantly changing scenarios.
I am constantly improving my batch strategies and slowly getting ahead.
Picked up a FAS batch at 30.24 and will pick up more FAS as it drops.
I am sticking with the stuff I know best, i.e. the Financial sector and the Large Cap S and P's.
Today is a day to load up.
Good luck folks.
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| membar |
Quote:
membar wrote:
I haven't been as excited in over a year about the prospects of trading & automated strategies as I am now.
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Got punched in the face all around today. |
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