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The Lunatic Fringe - Trading talk.

Zed

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dpong

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dpong

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On FB a former fellow employee turning 70 and let's just say he is a Democrat made a list of things he has learned over the years. They were mostly left-wing tropes like "climate change is real", and "healthcare is a human right."

But tucked into the list I think he hit upon an accidental truth:

5) Unbridled Capitalism is Anarchy.

Why YES, YES IT IS!! [Bravo!]

[I'll clarify, it is funny when one is a student of Austrian Economics.] [Hope you get the joke.]

:holding hands:
 

Lancers32

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On FB a former fellow employee turning 70 and let's just say he is a Democrat made a list of things he has learned over the years. They were mostly left-wing tropes like "climate change is real", and "healthcare is a human right."

But tucked into the list I think he hit upon an accidental truth:

5) Unbridled Capitalism is Anarchy.

Why YES, YES IT IS!! [Bravo!]

[I'll clarify, it is funny when one is a student of Austrian Economics.] [Hope you get the joke.]

:holding hands:

What ya got going on here ain't capitalism.
 

Lancers32

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I see the dip buyers like yesterday's lows so much we never got close today. Not sure we bottomed yesterday. Not much if any follow through. Gotta be a reason AG is on sale. Halfway point reached today and made a new low. Laggard. Might want the 7's or 8's.
 

dpong

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WTT sells 3 stocks Monday morning. One loser and two winners. Nothing spectacular.
 

jelly

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I see the dip buyers like yesterday's lows so much we never got close today. Not sure we bottomed yesterday. Not much if any follow through. Gotta be a reason AG is on sale. Halfway point reached today and made a new low. Laggard. Might want the 7's or 8's.
Some sort of legal/tax issue in Mexico with one of AG's subsidiaries. I don't understand all the details, all I know is that's the cause for the weakness in first majestic.
 

dpong

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Here is AG with my stop loss 40% off the daily highs.

A sale there would be very disappointing.

[But still a win.]

uRTxGXhu.png
 

Lancers32

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Some sort of legal/tax issue in Mexico with one of AG's subsidiaries. I don't understand all the details, all I know is that's the cause for the weakness in first majestic.
I know and I think CDE is appealing some kind of ruling not sure.
 

dpong

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FSM's underperforming AG was short-lived. This is a close-up so you can see the recent action:

[It was like a one day event.]

chart-24.png
 

dpong

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FSM vs AG: Normally I would use this $2 box size to get a better medium term view.

[FSM should continue to outperform AG. My trade wasn't a mistake after all. The timing could have been a little better.]

chart-25.png
 

dpong

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Cigarlover

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Exactly. Per earlier discussion if you wanted to run from this where the hell would you even go?
When there's nowhere left to run you either surrender or fight.
 

Strawboss

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Strawboss

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1601130842078.png
 

Strawboss

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Strawboss

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Zed

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Sell the rally phase I think for a little while in pm. DXY resistance around 96 I think we stumble up to that before going much lower. We get a good smash down in the miners next week I will buy.
Weekly chart looks like it hits the down trend from below @ around 96. It will have a bullish posture by then so... we C!
 

Zed

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Zed

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All of a sudden everyone's a "Site Manager" !
 

Zed

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Zed

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Gold with the broader stock market (Russell 200 and Wilshire 4500) then the S&P500 and the Nasdaq 100 over laid. All indexed to 100 @ Jan 1, YTD chart, basically since the Corona Virus.

Untitled.jpg
 

Zed

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Weekend Trend Trader system will sell Tupperware at the open.

[It was a nice ride.]

[148.36%]

sP8Q80lI.png
 

dpong

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Zed

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Gold September delivery 4922 contracts to date, not too foul for an off month.

37,810 contracts open next month and 432,360 in December.
 

Zed

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If you fold a piece of paper 50 times how thick would it be?











The folded paper would be 1 x (250) times as thick as the original sheet as each fold doubles the thickness
Assuming the initial paper is 1/100 of an inch thick the last fold would make a wad of paper almost 200 million miles thick.










 

BeefJerky

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If you fold a piece of paper 50 times how thick would it be?











The folded paper would be 1 x (250) times as thick as the original sheet as each fold doubles the thickness
Assuming the initial paper is 1/100 of an inch thick the last fold would make a wad of paper almost 200 million miles thick.










I come up with 174,144,872 miles:dduck:

Execution of that last fold must be a bitch.

Could the sheet of paper needed fit flat across the known universe?
 
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dpong

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Similar to Tupperware, my friend used WTT to buy SunRun Corp (RUN).

WTT purchased at 29.23. Currently trading at 71.00. Stop loss set to 10% off the highest weekly high.

[Just luck and nothing but luck. But one can position oneself to be lucky.]

xEqglW9P.png
 

dpong

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Much less dramatic but I bought this one. WTT purchased NVDA at 350.16 and it is currently trading at 521.40. So up about 49%.

[It could be worse.]

yR6nYRmY.png
 
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Varmint Hunter

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Savage