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Sell high, cover low.



TRN, TTD, and VALE from my earlier calls have worked out so far. I took my gains and left, not sure what the immediate future holds. Probably good for the long-term on each...

Currently in LABD but long-term moving back to LABU. Hopefully there's a pullback in XBI today so I can enjoy the fruits of my scalp and be on my merry way.

Also playing both sides NUGT/DUST, not sure what's up with that one. It's always questionable, I am not sure why I bother much.
 
Fledgemyhedge said:
Anyone in on Canadian marijuana stocks?
Click to expand...

I was in on them about 2 months before Trudeau got in , and out about 6 months later. Cleaned up on OGI.v (was in @ 22 cents) & canopy growth (in @. 70 out @ 3 bucks - ouch!!) which is now weed.to

Have a small position in mgw.v - 1500 shares.
 
No formal experience. But many moons ago I did some work for ATI technologies and my contact told me to buy in at around 2$. This is the company (now owned by AMD) that makes graphics cards for CPUS. Years later I looked up the stock and it was up around 25$ with Nvidia being it's only other real competitor. FML

I also remember thinking when Dollarama opened to the public at around 16$, it would be a good investment. Today sits at 110$....Fml again
 
You guys uhhhhhh like what you see here? ;)

Bear-Market-Bull-Market-Public-Domain.jpg
 
As someone who worked in FX, and would never recommend it for an individual investor without a strong understanding of FX, and for someone who doesn't study foreign markets. I'm betting on the CADUSD, I have options to .65 .60, .55 CAD on the USD. I would go to .50, but the Alberta, Prairie, and Quebec markets are already depressed because of weak fuel prices and increasing unemployment. There are going to be major issues in the BC and Toronto markets in real estate, way beyond the overheated real estate market which happened in Etats-Unis. The sheer amount of money laundering coming into Canada for properties in BC and Toronto is staggering. When the Canadian RE market crashes it's going to be worse that the Great Recession in the US -- it's going to bring down at least one major Canadian bank.
 
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LetsGoIslanders said:
As someone who worked in FX, and would never recommend it for an individual investor without a strong understanding of FX, and for someone who doesn't study foreign markets. I'm betting on the CADUSD, I have options to .65 .60, .55 CAD on the USD. I would go to .50, but the Alberta, Prairie, and Quebec markets are already depressed because of weak fuel prices and increasing unemployment. There are going to be major issues in the BC and Toronto markets in real estate, way beyond the overheated real estate market which happened in Etats-Unis. The sheer amount of money laundering coming into Canada for properties in BC and Toronto is staggering. When the Canadian RE market crashes it's going to be worse that the Great Recession in the US -- it's going to bring down at least one major Canadian bank.
Click to expand...

The Government won't let a major bank go down.
 
LetsGoIslanders said:
As someone who worked in FX, and would never recommend it for an individual investor without a strong understanding of FX, and for someone who doesn't study foreign markets. I'm betting on the CADUSD, I have options to .65 .60, .55 CAD on the USD. I would go to .50, but the Alberta, Prairie, and Quebec markets are already depressed because of weak fuel prices and increasing unemployment. There are going to be major issues in the BC and Toronto markets in real estate, way beyond the overheated real estate market which happened in Etats-Unis. The sheer amount of money laundering coming into Canada for properties in BC and Toronto is staggering. When the Canadian RE market crashes it's going to be worse that the Great Recession in the US -- it's going to bring down at least one major Canadian bank.
Click to expand...

No. This won't happen. Canada's economic strength is in its natural resources not just in two overheated real estate markets. To have a 55-60 cents CAD would mean that the USD would be insanely strong and thus cause problems all over the world not just in Canada.

Also, unemployment is decreasing quickly in Alberta. This isn't 2015.
 
Fixed to Ruin said:
Bitcoin is on a massive run.... over 900$.
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what an insane run it's been on, have stayed away from it but perhaps will look at one of the others like ripple in time.

Fledgemyhedge said:
Anyone in on Canadian marijuana stocks?
Click to expand...

Not Canadian, but really like MYDX, very interesting story. They have a portable analyzer that will detect the chemicals in cannabis and then put it in a database so it can tell you what impact that strain of cannabis will have. Say if you were using it because you feel nauseated, it will tell if you that strain will help with that or not.


Breaking into the Canadian market,

https://finance.yahoo.com/news/mydx-launches-canadian-national-marketing-191000550.html
 
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montreal said:
I'm mostly a long term trader, just think that there are so many cheap bio's that are going to make a killing in time. I use options and add to my position on dips, but I also do some bargain basement shopping as I will add when I see one get smoked depending on the reason or sometimes I'll just throw a few bucks at it and see what happens. Did well with RLYP after it got smoked despite getting FDA approval, same for ARIA.

But it's the toughest sector to invest in for sure, I wouldn't recommend it to anyone that can't take loses especially in the near future where there's likely to be a lot of back and forth on drug prices. once the dust settles though, there's likely going to be a lot of money to be made. For me it's impossible to know which ones will be left standing, so I own a basket of over 50 of them in different accounts.

ABUS
ACAD
ACHN
ADAP
ADXS
AGEN
ARIA
ARRY
AQXP
BCRX
BLUE
CALA
CARA
CEMP
CPRX
CTRV
CYTR
ESPR
GWPH
HALO
ITCI
ITEK
KITE
KPTI
KTOV
LPCN
MDGN
MNKD
NVAX
NWBO
NYMX
PCRX
PTLA
PTCT
OCUL
OMER
OPK
RCPI
RGLS
SAGE
SGMO
SGEN
SGYP
SPHS
SYN
TENX
TGTX
THLD
TNXP
TRVN
TTNP
TTPH
VBLT
XOMA
XON
ZIOP
Click to expand...

IBB on fire, bio's breaking out left and right!
 
Hammettf2b said:
Basically just to get my foot in the door. Not looking for big investments/returns, just want something to do/learn during slow periods at work.
Click to expand...


Here's the plan
  1. Start with http://babypips.com
  2. Graduate to http://forexfactory.com and find a strategy
  3. Take $10 and open an account with Oanda

If you blow your account add $10 more and repeat until you can control your emotions and establish patience. This will take years so you're in no rush. When you're finally ready, then you can move to a bigger account.

PM me if you have any other questions.
 
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LosVikingsDeChicago said:
Here's the plan
  1. Start with http://babypips.com
  2. Graduate to http://forexfactory.com and find a strategy
  3. Take $10 and open an account with Oanda

If you blow your account add $10 more and repeat until you can control your emotions and establish patience. This will take years so you're in no rush. When you're finally ready, then you can move to a bigger account.

PM me if you have any other questions.
Click to expand...

Awesome, thanks!!!
 
Dat gold doe. Broke the 6+ year downtrend at 1300 this week after failing all spring & summer so far.

I've been building a huge position in miner ETFs for almost 3 months, NOW we're finally getting somewhere.


Since I've been sitting on these positions and all my long trades are eating it lately, I've had lots of time to do something wise. I'm acquainted with someone who tried having me code some strategies for him, but the ideas he had were weak. Back-testing showed horrible results. He did however give me some ideas, and so I applied them to my own usual chart strategies. Over the course of a couple months I put together an automated strategy for various ETFs to day trade. My goal was to pull 1% per day or better. I'm getting between 0.5-5% daily for months straight so far. I believe I've tweaked those low days to be minimal/erased. Average is around 3% lately.

My first plan was to use Renko charting with PSAR entry. Exit is based on ATR trailing. Each with my own strict settings. Renko charts blow traditional candles out of the water so badly it's not even funny. Back-testing shows truly unbelievable results, and my SIM ACCOUNT I've been monitoring and testing with reflects that. Even with slippage, I'm killing it.

FWIW I opted to trade multiple ETFs covering many parts of the market in case one or two become screwy for whatever reason. Most are set to take positions both long/short, even on bear AND bull ETFs. Reason being I've found that my criteria will for instance trigger a bear ETF short but not a bull ETF long (and vice versa). Often they both trigger and I get a double-whammy, but not always.

After the first 2 months of SIM success, I was able to come up with more ideas. I added a stipulation to my entries to also utilize price momentum vs. the previous close, and it nearly doubled the profit success. I couldn't believe it.


I planned to go live with at least some of these tickers, but I'm so heavy into gold miners right now and with this week's catalysts acting like a unicorn I'm keeping my positions.


Absolutely cannot wait to get this automation underway live; if it's even 1/4 as good as it shows in sim, I'll be all set. Naturally I should expect far more than that. It does everything I try to do while manual charting, with zero emotion, better/faster/more precise analysis, and can do as many tickers at the same as I want.
 
Ozz said:
Dat gold doe. Broke the 6+ year downtrend at 1300 this week after failing all spring & summer so far.

I've been building a huge position in miner ETFs for almost 3 months, NOW we're finally getting somewhere.


Since I've been sitting on these positions and all my long trades are eating it lately, I've had lots of time to do something wise. I'm acquainted with someone who tried having me code some strategies for him, but the ideas he had were weak. Back-testing showed horrible results. He did however give me some ideas, and so I applied them to my own usual chart strategies. Over the course of a couple months I put together an automated strategy for various ETFs to day trade. My goal was to pull 1% per day or better. I'm getting between 0.5-5% daily for months straight so far. I believe I've tweaked those low days to be minimal/erased. Average is around 3% lately.

My first plan was to use Renko charting with PSAR entry. Exit is based on ATR trailing. Each with my own strict settings. Renko charts blow traditional candles out of the water so badly it's not even funny. Back-testing shows truly unbelievable results, and my SIM ACCOUNT I've been monitoring and testing with reflects that. Even with slippage, I'm killing it.

FWIW I opted to trade multiple ETFs covering many parts of the market in case one or two become screwy for whatever reason. Most are set to take positions both long/short, even on bear AND bull ETFs. Reason being I've found that my criteria will for instance trigger a bear ETF short but not a bull ETF long (and vice versa). Often they both trigger and I get a double-whammy, but not always.

After the first 2 months of SIM success, I was able to come up with more ideas. I added a stipulation to my entries to also utilize price momentum vs. the previous close, and it nearly doubled the profit success. I couldn't believe it.


I planned to go live with at least some of these tickers, but I'm so heavy into gold miners right now and with this week's catalysts acting like a unicorn I'm keeping my positions.


Absolutely cannot wait to get this automation underway live; if it's even 1/4 as good as it shows in sim, I'll be all set. Naturally I should expect far more than that. It does everything I try to do while manual charting, with zero emotion, better/faster/more precise analysis, and can do as many tickers at the same as I want.
Click to expand...

Gotta make that loot! If gold can take out 1370+, lookout!
 
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