Uncle's Trading Journal

Quote from Uncle:

Silver crapping out -- was in a meeting and missed out on most of the move :( just took a short at 1.4835 sto above 1.4842
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added another 50k at 1.4830 now running a 700k position.. will hold for a little while longer.. feels like things are going out of whack.. targeting 1.48?
 
Quote from Uncle:

added another 50k at 1.4830 now running a 700k position.. will hold for a little while longer.. feels like things are going out of whack.. targeting 1.48?
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closed out all 1.4840.. silver stabilizing.. will look to reshort at higher levels
 
Quote from Uncle:

re-entered short 1.4837
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feels like things are really shaky.. although equities are stabilizing silver is too.. think there is a good chance that things resume the fall.. but if turn around it will be quick.. so plan is to hold till end of day.. stop at 1.4845 and switch long over 1.4850
 
Quote from Uncle:

feels like things are really shaky.. although equities are stabilizing silver is too.. think there is a good chance that things resume the fall.. but if turn around it will be quick.. so plan is to hold till end of day.. stop at 1.4845 and switch long over 1.4850
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let's call this set up fish on land flap.. every once in a while the fish will get away and bounce back into the water.. but most of the time it will end up on a pan..
 
out all at 1.4826 -- spooked by the S&P and Silver rebounds.. will re-enter a little higher or if it resumes downfall a few pips lower..
 
equity market holding up still as is silver.. almost want to take a long but going to wait for a pop and go short..

Edit: spot at 1.4830
 
Quote from Uncle:

equity market holding up still as is silver.. almost want to take a long but going to wait for a pop and go short..

Edit: spot at 1.4830
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as i was typing EUR just took a dive now down at 1.4825.. a little confusing.. rest of the world is pulling together..

edit went sub 1.4820 and now back 1.4827.. very erratic again..
 
Quote from Uncle:

as i was typing EUR just took a dive now down at 1.4825.. a little confusing.. rest of the world is pulling together..

edit went sub 1.4820 and now back 1.4827.. very erratic again..
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I took a short at 1.48245 and then close out and reversed 1.4829.. wish I just stood on the sidelines.. absolutely not in sync with this market..
 
Quote from Uncle:

I took a short at 1.48245 and then close out and reversed 1.4829.. wish I just stood on the sidelines.. absolutely not in sync with this market..
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ok silver taking a turn also to the upside -- but S&P leveling off.. arghh.. and now EUR turning back down?

getting out of everything butchered my account on what started off as a good trade.. top account value was 22,200 but in an out of trades and bid offer killed me
 
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