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Disappointing day. One big loss in silver took away all of the gains in my bearish positions. Oh, well. Looks like the market wants to go up tomorrow. AAPL 10 10 538.423 529.690 0.00 -87.33 0.00 0.00 -87.33 AGQ 100 0 53.8200 51.1000 -39.00 -272.00 -0.88 0.00 -311.88 CORN 100...

Short answer: the "news" was already discounted in the price and the Fed didn't go beyond the expectations. Still, I expect prices to go up and yields to go down this year. The Fed will buy the equivalent of all new treasuries next year ($1T). People who need to reinvest their treasuries will...

Not really: http://sprottphysicalbullion.com/sprott-physical-silver-trust/net-asset-value/ 1.5% premium

You've been very lucky. Prepare yourself for losses. That's the way the market seems to work :( Why do you think you'll keep making money. Anyone can follow your "strategy".

I ran out of luck today. Tomorrow is again looking very bearish for my systems. We'll see how that will work out. I bought UUPT as partly a hedge/partly cash cushion in case we fall of the cliff. (I bought a bunch of UUP calls in another account). I might buy SPY puts too. AAPL 10 10...

Sure as long as you do it every year for the next 10+ years. Otherwise the odds are still not that great.

Ok day considering I was on the wrong side of the market. AAPL saved the day. AAPL 10 10 529.82 541.388 0.00 115.67 0.00 0.00 115.67 BAL 100 0 47.9800 48.7800 -65.00 80.00 -0.88 0.00 14.12 CORN 100 100 46.8640 46.6000 0.00 -26.40 0.00 0.00 -26.40 DTO 100 100 50.5000...

It reminded me going long some stock in 2007 that was going to be acquired in about a month at 5% above the current market price. I think I lost close to 20% after they extended the offer deadline and the stock started sliding. Eventually there was no acquisition. It would be worse if you...

I expected a flat day but somehow came out ahead. Started a discretionary position in AAPL. I might buy 10 more at 500. The market seems too quiet and I don't like that. Maybe the cliff will be a non-event but I'll try to reduce my longs and trade ZIV instead of XIV (ZIV seems to work better...

I am seeing a penny or two slippage but not every time. Don't try simply buying on the open with an overnight order though. IB will replace it with a limit which might be too far from the mid-point and ARCA might cancel it. Use OPG or set the start time at 9:28. I haven't quite figured out which...

I'll go out on a limb and say that this will probably be a losing trade considering the "cliff" and current overall complacency in the market.

Someone asked where I trade. I was just joking about downtown Boston - someone in the forum seems to make a killing there every day. I trade a personal account using overnight orders (I have a full-time job so no day trading for me). I mostly use backtested strategies. I have quite a few but...

You guys realize that people who've been making a killing in XIV/ZIV are just lucky that nothing "bad" has happened. It's like buying oil in early 2008. Sooner or later the VIX curve will flatten and you will have to trade, paying the spread each time. Plus, you'll get whipsawed a lot. It's been...

No free lunch. This page says the average spread is 1.79%: https://www.jemstep.com/etfs/ZIV-VelShs-DlyInv-VIX-MT-ETN-ETF vs 0.09% for XIV: https://www.jemstep.com/etfs/XIV-VelShs-DlyInv-VIX-ST-ETN-ETF

Thanks for the tip! Looks safer than XIV. Now we just need some volume. Hm, somehow shorting VXZ doesn't work as well even though both are based on the same index.

Not a bad day at all even if my PnLs are not nearly as exciting as some other people's here :) I closed most of my longs at the open right before the market rallied higher. Luckily my bearish oil position saved the day. Looks like the market might get weaker over the weekend so I will be...

Alas I wasn't trading from downtown Boston today. I finished slightly up like the market despite the carnage in gold miners and Nasdaq. BAL 100 0 47.4800 47.6301 -22.01 15.01 -0.83 0.00 -7.83 CORN 0 100 -- 48.2900 36.00 0.00 -0.77 0.00 35.23 DTO 200 200 47.6000 48.1400...

Not a good day overall. Gold keeps falling. On top of that IB canceled my MOO order for TMF. They didn't do it, ARCA did but IB put a "bad" limit in my market order. That's how they explained it last time. I'll try using OPG orders again. Not sure if that guarantees 0 slippage. With market...

Pretty good day, considering I was going to buy TQQQ and NUGT at the open but overestimated how much cash I had so IB canceled those two orders (or I would have been down today). Also, managed to lose money on AMSC again. Last time it gapped down at the open, so this time I put a sell-on-close...

Flat day. Short oil, long gold was the wrong strategy today. Hopefully, AMSC won't gap down huge on Monday like it did on my last trade. AMSC 0 1,000 -- 2.7800 130.00 0.00 -4.20 0.00 125.80 BAL 100 100 47.7800 48.1000 0.00 32.00 0.00 0.00 32.00 CORN 0 100 -- 47.8500 9.00...