I have a suggestion that could stop "us" that scoff. How about you post some actual numbers instead of a short here or long there. It is pretty much pointless to just post vague positions and it would take all of 60 seconds to actually post round numbers of what you have on the line.
Maybe I wasn't clear with my post. I am fully aware of the issues with Martingale. Was trying to alert others to the risk. BTW - It can be applied to stocks if your trading plan has relatively fixed exit/entry targets. The concept of continually "doubling down until you get the winner" is the same.
That's because he makes so many calls, and he disappears when he's wrong. Then he'll start a new thread, and only comes back to it if he's semi-correct.
66 cent move against you on a leveraged paper position is going to hurt a lot, although I'm certain there was a stop loss at $20 or lower. Getting 14c back on an identical position size gets you back 2/3 of your losses. My aud short only broke even because half of it was stopped out, if I'd had the cojones to keep it propped up I would have woken up very very happy this morning. Anyone who got in on it when I posted however would have done very well, Leon and I both seem too early to the party although I think any PM shorts are going to have to be very short term though because I think new highs are in their future. AUD prices of gold and silver will be interesting to watch, to see whether australia is seen as a secondary safe haven or not will likely determine that.
I sell and prices go up. I buy and prices go down. I'm buying more items now so I expect the price to drop just after my transaction finalises.
Silver spot is back down to USD 19.80 /oz this morning; let me guess ... you must have finalized another transaction.
Some nice charts and a decent article below. http://kingworldnews.com/top-citi-analyst-issues-major-update-on-the-silver-market/ Jim
Relentless: Shanghai 138.5 Tonnes of Gold Withdrawn In June There were 138.5 tonnes of gold taken from the Shanghai Gold Exchange in June. This brings the first half of 2016 withdrawals to 973 tonnes. http://jessescrossroadscafe.blogspot.com.au/2016/07/relentless-shanghai-1385-tonnes-of-gold.html
APMEX promo mails: silvers price continues to rise, BUY SILVER! flash sale early access! Take advantage of today's dip! whether it's up or down, buy buy buy, haha. I think we're heading again to a bigger marketwide crash, september, october. Silver $19 $18 $17 $16 $15 $14 $13 ... 2008's juli $19 top to octobers $9 bottom: ... took 3 months. That's $3 per month down.
