GLD - ALL IN SHORT - $158.50 / ENOUGH IS ENOUGH

6 thg 3, 2020

0. Notes to follow;

6 thg 3, 2020

Ghi chú

1. Double Top. Day Traders all over this. Gold is going to implode.

2. Larry Kudlow on CNBC. "Stop Being Afraid, and Go About Your Lives."

6 thg 3, 2020

Ghi chú

3. Wow, that was quick. Already down to $156. Holy smokes. We don't usually express emotion with stocks, but Wow.

4. GLD - LEVERAGE

Most people piled into Gold for the Virus protection factor. Gold just keeps going up, like the Stock Market did since October, which led to a lot of LONG positions, and leverage. Why use leverage when something keeps going up?. This may lead to a unwind of the leverage in GOLD (GLD), just like happened with the Stock Market on the way down.

7 thg 3, 2020

Đóng lệnh: đạt mục tiêu

We closed our Options at just over $155. It was a great trade, and the options went crazy after the price imploded to the downside to $154.50 at one point, and we started selling as it reversed and went back over $155.

12 thg 3, 2020

Giao dịch đang hoạt động

UPDATE

Well we are still holding this short, and we were ALL IN, as the title states, in terms of our allocated capital to BUY PUTS ON THIS. We are just killing it.

$10 SO FAR

We are not EVEN THINKING ABOUT COVERING UNTIL $120.

12 thg 3, 2020

Ghi chú

Have a great day so all those that FOLLOW us, and simply KILLED it on this idea.

- drchelsea

12 thg 3, 2020

Ghi chú

UPDATE

50%

12 thg 3, 2020

Ghi chú

50% was sold at $155, and we ride for FREE plus great profit, and we wait for $120.

Apologize for typing so far and no clarity.

We are going to start updating with exactly when we enter positions, when we exit, and at what prices, so you can see what we did.

13 thg 3, 2020

Giao dịch được đóng thủ công

UPDATE, WE HAVE CLOSED THE FINAL PART OF THIS POSITION. GOLD HAS FOUND A SHORT TERM FOOTING.