A profitable journal with all entries/exits posted in advance

[1a2b3cppp]

Quote from TraderZz:

I'm not criticizing, judging, or even evaluating. I've read a few posts from you and am just curious about your track record and history.

It's cool. Usually when people find out how I trade they tell me how I'm doing it wrong and how I should be trend following or whatever instead.

To summarize: You've traded for a total of 3 years and have averaged just over 35% a year from what you just stated? [/B]

I have traded this way for a total of 3 years. That 35% is probably approximately right. I can get the exact numbers if you want.

 

[1a2b3cppp]

Man, trading silver ETFs is kind of hard. All the big price swings seem to happen overnight in the futures when the stock market is closed, and then they go back to normal before the market opens.

Check out this chart. I highlighted the afterhours in grey and kept normal trading hours in black. Look at all the movement in afterhours!

 

[1a2b3cppp]

Next USLV buy will be 1,600 @ $6.95.

 

[1a2b3cppp]

Whoa.

My order was filled at $6.01 at the open today.

 

[Took2Summit]

Quote from 1a2b3cppp:

Whoa.

My order was filled at $6.01 at the open today.

nice gap down in your favor, got 0.94 cents in your favor, next order?

 

[1a2b3cppp]

Man I hope silver doesn't do what it did after the last spike and drop down to the $4s and stay there for 20 years.

It may have been a mistake to choose a silver instrument that doesn't have options.

 

[NoDoji]

Quote from 1a2b3cppp:

It may have been a mistake to choose a silver instrument that doesn't have options.

I think it has no options because it's not a really a silver instrument; it's a derivatives-based short term hedging/trading instrument.

Exchange-traded notes (ETNs) that use leveraging strategies such as swaps or derivatives (“Leveraged ETNs”) or are designed to move inversely to an index (“Inverse ETNs”) typically are not suitable for investors who plan to hold positions for longer than one trading session. These products are designed for highly experienced traders who understand their risks, including the impact of daily compounding of leveraged investment returns, and who actively monitor their positions throughout the trading day. Leveraged and Inverse ETNs experience greater share price volatility than traditional ETNs, increasing the risk that you will lose money by investing. Typically, the longer you hold a Leveraged or Inverse ETN, the greater your potential loss.

Exchange-traded notes ("ETNs") are unsecured, unsubordinated debt obligations of the company that issues them and have no principal protection. Although an ETN’s performance is contractually tied to the market index it is designed to track, ETNs do not hold any assets. Therefore, unlike investors in exchange-traded funds ("ETFs"), which hold assets that could be liquidated in the event of a failure of the ETF issuer, ETN investors would only have an unsecured claim for payment against the ETN issuer in the event of issuer's failure. Before investing, please carefully consider the credit worthiness of the ETN issuer and the ETNs investment objectives, risks, fees and charges.

 

[1a2b3cppp]

AGQ is 2x weighted silver and it has options.

I guess AGQ is an ETF, though, and USLV is an ETN.

 

[1a2b3cppp]

Check out this Fibonacci chart on the ES!

That last pullback was almost exactly to the Fibonacci line. Of course, you have to draw them from the right place, and it took me a few tries to find a place to start drawing them from where everything worked out nicely.

 

[1a2b3cppp]

Not much excitement recently.

Here's a weekly chart of silver with some previous S and R lines drawn in. No idea if any of them will become valid again in the future. The ET members who know the difference between an important level and one that should be ignored have not been kind enough to tell me how to tell the difference, although I've been told I draw S and R points at the wrong levels