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Just buy this and you'll get your answers. Ed Thorp is a market wizard, period. http://www.amazon.co.uk/Hedge-Fund-Market-Wizards-Winning/dp/1480590010

Hello Miguel, Why not... But I would wait to see if Zynga is able to make a new high @ USD2.95 before buying it ! Too risky now because it is easy for Zynga to go again @2.50 or even @2.20 ! Chris Mac

Ouch that hurts! I am out... My stop was @1239... This is the game. If gold rebounds strongly, maybe back above 1260... Chris Mac

Exactly. Moreover, why couldn't Elon Musk be wrong and lose money? Remember, even Steve Jobs was a big loser before his come-back !

Elementary, my dear Watson. Why should I hedge when I am wrong and I lose money? I prefer to get out as fast as I can, not being involved any more, and wait for a better price. If you hedge, you lose flexibility and neutrality. I will add that keeping an hedge is not "a free lunch", and the more...

For the moment this is a small bet : 1 pct of my capital. If ounce go below 1240 I will take my losses, and will reenter near USD1100... But if ounce go above 1300, I will pyramid and increase my bet to 2 pcts, maybe 3 pcts above 1350. Wait and see... Chris Mac

Well, trading can be close to the "real life". Sometimes you win Sometimes you lose Sometimes you are a genius Sometimes you are dumb. But because it is so easy to win with markets without skills, traders tend to think it will repeat again and again. WRONG ! You can have success with the "same...

Hello Pekelo Lot of good arguments... I agree with most of them ! I would add that if Elon Musk is the new Steve Jobs, he will make mistakes too. But comparing TSLA and BBRY seems to me a bit strange... I will rather compare Tesla to Toyota. The upper Toyota, the lower Tesla. Chris Mac

Update As expected, support holds. I entered @1259... Wait for the resistance @1310 to break. If 1310 breaks, champagne! Look at the LT graph. LT chart (last 3 years)

Maybe, maybe not. Sure, a big gap is coming (+8%). But sometimes gaps are made to be filled ! Wait and see... Always expect the unexpected. Chris Mac

Man, because of one day, you can say if market is still bull or not? Seriously, you better get a larger view of the market if you want to survive. Perhaps it is the top, perhaps it will rebound strongly and make new all time highs. Who cares? The goal is to make money. What is sure : as of...

Hello Viktor, Generally, Gold is up for two reasons : Inflation Safe Haven In 2011, we were during a deflationary period but Gold reached its all-time highs. If Gold is up now, this is mainly because of Swiss franc and because shorters begin to lose money. They need to deleverage because they...

Well I think this is good news on a short-term basis. Currency is OK, some structural problems, but trend is up. I ll continue to buy every pullbacks. More money to make than in the US with a strong dollar!

Charts are from my bloomberg... Easy to draw, easy to send.

My pleasure! You were wondering if Gold could be a good investment ? I think it is a strong buy between USD1240 and USD1260. Of course, 1240 must hold. Wait and see... Chris Mac

Why am I bear? I think Apple, number 1 stock in the world is ready for a big correction. Sure I can be wrong and I wouldn't be the last to buy all the world but I think probabilities are higher on the downside. Again a graph... When Apple was stopped @115, that was for me an orange flag. Then...

Well I will explain you and I am sure you will find a bit "basic" but it worked in this case. See graph below (Nasdaq). Usually former big resistances can be great supports. Moving Average 200 (in yellow here) is usually a great support too. At that time : 3740 was the former big resistance MA...

Hello Anubis, Well, with the EURCHF, I made nothing. Nada. Zero. 1 I am not a forex trader, I am a multi-asset player, essentially equities, bonds and derivatives. 2 I knew that SNB was cooked. I knew it was a question of weeks rather than months. But I had not the timing... January, March...

Well, 2007 is back guys ! Lot of "funny" stories to come...