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Subscribed btw. Most of my time has been spent trading futures and some options directionally but I am starting to get very interested in butterfly spreads and trading volatility.

That close to expiration why are you selling the 1620 strike? It's so close to being long the naked 1630. Not criticizing just curious. Seems to me like being long the naked put would be more worth it to take advantage of some crazy outside gains if the market all of a sudden jumped 15 to...

Lol, "value buy zone". I'd like you to know surf I'm not hating on you, or trolling you, I find your threads delightful to read. They brighten my boring trading days. Also, I thought you weren't into TA so why the post about gaps and 200 day moving averages?

Exited my gdx on the open. Will be waiting to see what Kerry says here. Oct. 29's at 1.395 Sept. 29 at 0.87 GDX hedge at 27.95

Today was a cluster fuck and probably my least disciplined day in over 6 months. I have had a bomber last few months and I think it made me a little overconfident and it definitely showed up today. The gdx trade was entered on totally poor discipline and was born out of impatience. I ended...

Starting to pick up some gdx as well Long 3 Sept. $29 calls for 1.18 Long 2 Oct. $29 calls for 1.80 Short 2 Oct. $28 puts for 1.59 Looks like gdx has found support at 28. Staying somewhat small at first here though it is possible for a bounce off this level into the 34 level over the...

Didn't buy any Gld puts but re-entered my long bonds trade via 5 long tlt 105 oct. calls for 2.25

Out at 34/64 for a $160 dollar loss. Will probably be looking to get long some -30 delta puts here to cover my remaining gold long.

You realize how much more gold they sell in the east than here in the United States?

I'm not sure what point your trying to make, but U.S. mint demand is close to irrelevant.

Was this the video talking about a drop in demand at the U.S. mint? The U.S. mint isn't a significant source of gold demand.

Long an OCT. 133 ZB call for 44/64th's. Looking for a quick move up over the next few days on market weakness/ Syria. Will add with futures or more options if it starts moving my way. I still think that gold/ silver will be weak and I expect the miners to probably underperform the...

Boys, I had cnbc on mute and I noticed that on one of Fidelity's ads for their active trader platform that the trader fist pumped after making a trade. This brings me to the question, should we or should we not fist pump when surf makes a brilliant trade?

Thanks. Probably going to be boring to start here because I'm basically starting at a point where you should be taking profits or getting short so the journal maybe slow for a week or two.

I mean I think there are several ways to do it, all would be via commodities. I don't think this is what you are looking for but to me I would be looking at the precious metals complex as the best way to do it. If I was looking for max returns I would be trading silver but I wouldn't be...

Uhhh, get long China? If this is it, I 100% agree. :D

Hey guys. I've been bored sitting and staring at the wall lately waiting for set-ups so I decided why not start a journal. I primarily trade precious metals but also dabble in the S&P, treasuries, and currencies. I use a mix of futures and options and most of my trading is based on lots of...

Im not saying that these are reasons to not take the trade. I would say the trade is probably a little bit better than marginal, but why take marginal trades when you have millions of possibilities to pick from. Many of those possibilities would be better than marginal. Food for thought.

Bro, surfy is the man! Said no one ever.....

Why not just wait for the pull back and buy SI? I don't disagree that this might be a decent spot to get short, I just sold almost all of a long GC position I had on from around 1285 today, but I don't think stepping in front of a market that has moved the way silver has over the last month...