Hedge Fund Dream Job is Vanishing

JSOP said:
Well the market just tanked for the 2nd day since Tuesday and judging from the futures, it looks like it's another down day tomorrow. Your gold should go straight up tomorrow for the 3rd day in a row. I think gold is going to continue its up streak until there is any tangible trade agreement between US and China. With the arrest of Huawei's CFO, things are not looking good, for either country.
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Finally, my call options are up 46% do far today. Keep going GC!! Typing this during work lunch hour. The obontume I really check my portfolio.
 
trader99 said:
Finally, my call options are up 46% do far today. Keep going GC!! Typing this during work lunch hour. The obontume I really check my portfolio.
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Well the market is going to dead cat bounce back up a bit on Monday I think so your GC options might lose a bit but as long as this Huawei situation does not resolve and no trade agreements between US and China, gold should look good for you. Make sure you sell it before theta sets in.
 
trader99 said:
Finally, my call options are up 46% do far today. Keep going GC!! Typing this during work lunch hour. The obontume I really check my portfolio.
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Up 46%? Why not GTFO now? Dude, seriously, have you seen the hell that has been this year? Why risk it? Take the money and run!
 
Overnight said:
Up 46%? Why not GTFO now? Dude, seriously, have you seen the hell that has been this year? Why risk it? Take the money and run!
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What if it's gonna be more hell later on? The more hell the world is, the higher the gold goes. The guy's long in gold calls, dude.
 
JSOP said:
What if it's gonna be more hell later on? The more hell the world is, the higher the gold goes. The guy's long in gold calls, dude.
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Ug, Just get out because of the Trump factor? He's in profit, so take it! *shrugs*

 
Thanks for all your replies! I did NOT get out. Mainly because I was at work and busy with meetings and working all day. I checked the prices during lunch. But I took an early lunch. Then I had meetings afterwards. I forgot to check near 1PM PST(closing time).

Oh well. I hope it continues to rally. It looks like it broke out. Let's see...
 
JSOP said:
Well the market is going to dead cat bounce back up a bit on Monday I think so your GC options might lose a bit but as long as this Huawei situation does not resolve and no trade agreements between US and China, gold should look good for you. Make sure you sell it before theta sets in.
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Definitely something to consider. I hate the theta decay of options. i hope i can get out at the maximum spike. There's still a month left to go.
 
trader99 said:
I haven't daytraded a while. This morning since I have a little time before going to work I decided to scalped a little. Made $326 net scalping CL of all instruments. Holding each position less than a minute. In most cases less than 30 seconds. haha.

Kinda of fun. Not my core style. But something to consider to diversify a portfolio of strategies.
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I put a limit order on CL way out of the range. Then it got hit and I flipped out of it for $200 in 26 seconds. Now gotta go to work.

All I need is for GC to breakout... It's still holding up around $1250 which is a good sign. But it really needs to breakout and race pass $1300 then we'll all golden(pun intended). hehe
 
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