**OFFICIAL** Trading and Investing Thread- Part -IX-

[ctownballer04]

DUDE HAHA....You completely said you had your CFA!!! Yea we are done because this isn't going anywhere.

So you go ahead and try to end this by once again attacking me so that you look like the one who knows what the **** he is doing.

Have a nice day.

I have never once said that, please go try to find that quote. I am Level III candidate in the program, not a Charterholder.

Degrees in finance and math? You make no sense man.

Why don't you come at me with some Business Calculus and I will destroy you with Calculus III for Engineering/Science. Do you want to try Differential Equations too? I bet your math degree did not touch any of that...whatever "math" degree you claim to have.

This is exactly why I will succeed whether I end up in IB or in Corporate Finance...because I'm not a ****ing idiot.

Dude you make yourself sound dumber and dumber as you go... Do you realize that the classes you referenced are elementary 2nd year classes for a math degree?

LMAO... I was a real math major, not an engineer who memorizes the **** a trained monkey could do. I'm willing to bet you've never seen an epsilon delta proof before.

Yes, I have taken differential calculus, integral calculus, infinite series calculus, multivariable calculus, differential equations, two courses of real analysis, discrete math, number theory, group theory, ring theory, field theory, two courses of game theory, 6 courses between probability & stats.

Now kindly **** off.

[fate0311]

LMAO... I was a real math major, not an engineer who memorizes **** a trained monkey could do. You've never seen an epsilon delta proof in your life.


I have never once said that, please go try to find that quote. I am Level III candidate in the program, not a Charterholder.

Good job at pissing off every engineer/engineering student on these boards.

They know more about everything then you could forget. Remember that.

Now excuse me while I go continue to piss myself laughing at "HS dropout turned BB".

I literally have a 23 year old HS dropout telling me how horrible at life I am.

[ctownballer04]

Good job at pissing off every engineer/engineering student on these boards.

They know more about everything then you could forget. Remember that.

Now excuse me while I go continue to piss myself laughing at "HS dropout turned BB".

I literally have a 23 year old HS dropout telling me how horrible at life I am.

I have a brother who's a mechanical engineer and a cousin that's a Mech E PhD @ MIT. They both would admit that their backgrounds in math is not nearly as strong as an individual that studies math. However, I don't have the physics background that they have. I'm not ****ting on engineers as a whole. I'm ****ting on engineers that think calculus and differential equations are "advanced math".

Keep telling yourself that last line to cope w/ the fact that I'm 10 years younger, make more money than you, and have your dream job!

Take care, I won't be responding again.

[fate0311]

I have never once said that, please go try to find that quote. I am Level III candidate in the program, not a Charterholder.



Dude you make yourself sound dumber and dumber as you go... Do you realize that the classes you referenced are elementary 2nd year classes for a math degree?

LMAO... I was a real math major, not an engineer who memorizes the **** a trained monkey could do. I'm willing to bet you've never seen an epsilon delta proof before.

Yes, I have taken differential calculus, integral calculus, infinite series calculus, multivariable calculus, differential equations, two courses of real analysis, discrete math, number theory, group theory, ring theory, field theory, two courses of game theory, 6 courses between probability & stats.

Now kindly **** off.

I have a brother who's a mechanical engineer and a cousin that's a Mech E PhD @ MIT. They both would admit that their backgrounds in math is not nearly as strong as an individual that studies math. However, I don't have the physics background that they have.

Keep telling yourself that last line to cope w/ the fact that I'm 10 years younger, make more money than you, and have your dream job!

Take care, I won't be responding again.

Thank god dude. Cya!

P.S - You don't work at a BB.

[woodbarry]

Thank god dude. Cya!

P.S - You don't work at a BB.

Lmao either you can't read or you don't understand how CFA works. So tell me are you ignorant or stupid? He does work at a bb and has shown plenty of proof to those of us who have been here for awhile.

You sound like a jealous child now go sit down.


In other news a couple days ago I interviewed with a chain in Nebraska and was essentially given a verbal offer worth a little better than six figures not counting benefits we outchea. I've got a month to respond and it sounds like a crappy job, but at least I've got one option when I finish school in May. It is a good time to be 23 huh CT lmaoooo at agecells they will never learn

[blinkers88]

Jesus guys stop feeding the troll

[ctownballer04]

Lmao either you can't read or you don't understand how CFA works. So tell me are you ignorant or stupid? He does work at a bb and has shown plenty of proof to those of us who have been here for awhile.

You sound like a jealous child now go sit down.


In other news a couple days ago I interviewed with a chain in Nebraska and was essentially given a verbal offer worth a little better than six figures not counting benefits we outchea. I've got a month to respond and it sounds like a crappy job, but at least I've got one option when I finish school in May. It is a good time to be 23 huh CT lmaoooo at agecells they will never learn

You're pharma right? Huge congrats man. Agecells not even once.

Jesus guys stop feeding the troll

Usually I don't get rustled,but today that wasn't the case.

[woodbarry]

Yessir! Pharma is getting saturated so I'm glad I've had at least one offer. Will probably hold out for either a better location or to see if I get a better offer. It is pretty good though because it is in a low income area :/ but we shall see

[Venom08]

Gold futures up to a good start at +1%. I have 1223 (50DMA) as a target for this week, might be a good place to short there.

[Slamt]

Gold futures up to a good start at +1%. I have 1223 (50DMA) as a target for this week, might be a good place to short there.

fuk

move starting before options market open again

[RobParks2M]

Gold futures up to a good start at +1%. I have 1223 (50DMA) as a target for this week, might be a good place to short there.

Will be watching closely, your estimates have been accurate lately. Timing the top on gold might be highly valuable in the coming weeks.

Also strong other pharmbrah ITT^

[Sirtitan]

With closes like these past few sessions, a retest of the 2015 low of 1052 is certainly very likely. But my bet is on a break below the $1000 level to kick off 2017. Give me $9xx prints and I'll be sinking everything into gold and miners. And NUGT just for ****s and giggles.
2017-2020 will be glorious for gold. I doubt it will linger below $1000 long once it breaks below that level.

The problem is everyone and their mother would supposedly "sink everything" into gold at sub $1k. The correction is done or just about done. All that volume and bears couldn't get it to challenge the 52 week lows.

[WhAtNoWbChSs]

The problem is everyone and their mother would supposedly "sink everything" into gold at sub $1k. The correction is done or just about done. All that volume and bears couldn't get it to challenge the 52 week lows.

I might be down to buy some if it goes down.

Would you buy actual gold bars at a bullion place or just buy it in your online trading account or whatever?

[ReyDelMundo]

Degrees in finance and math? You make no sense man.

Why don't you come at me with some Business Calculus and I will destroy you with Calculus III for Engineering/Science. Do you want to try Differential Equations too? I bet your math degree did not touch any of that...whatever "math" degree you claim to have.

This is exactly why I will succeed whether I end up in IB or in Corporate Finance...because I'm not a ****ing idiot.

Lol, Calc III was easier for me than Calc I. I took calc III in 9th grade.

Engineers aren't dumb, but you literally have to be about average intelligence to get through the college courses. Even the PE test is kind of a joke.

Higher level math is significantly harder.

[Slamt]

gots ways.

[ReyDelMundo]

Finally.

Vale is a company I've owned since about 2014 when it was in the $13 range. It got as low as $2.13, I considered selling several times for tax purposes, but held on. They're a low cost producer that was making prudent investments for the future and I was sure it would eventually pay off. I considered buying more when it was around $4 but didn't.

The company finally returned to profitability this quarter and they haven't even realized the cost savings from some of their very large investments.

This is a perfect example for the young guns on timing. My thesis was correct, Vale would prevail in the mining wars, they have some of the purest product at the lowest cost, but my timing was off. I did collect a few fat dividends, but, if I had just waited until it hit $4, then I would be up over 100% on the equity price, and have an incredible yield on that $4, potentially north of 25% once they start paying out a healthy dividend again.

Instead, I'm still down about 35% (I'm closer to even after the dividends are taken into account and they reduce the loss significantly) and I anticipate the company's stock price to continue to appreciate, however being up 100%+ is a lot better than being down 35%.

I'm kicking myself for not waiting until $4 to initiate, and for not believing my investment thesis on the company and not continuing to buy as it fell to $4 and $2, but hindsight is 20/20.

Remember there is always another bus coming and an attractive investment can always get even cheaper. The key is to have the cash in hand, know which bus stop to be at, and what time to get on the bus.

This time I had my bus fare in hand, got on the right bus, and chose the wrong time. I'll still make money on this, but would you rather get on the bus that gets you to place G in 2 hours or the bus that gets you to place G in 20 hours?

[SouthDakotaBrah]

Does anyone here work in commodities trading, specifically energy (power, natty gas, crude oil)?

Would love to ask some questions if anyone is in this field

[badbart]

^Gold is due for a bounce, I agree, but it'll be just that. Short the rally which I think could happen this week.

Good idea, gold is following its typical historical pattern of returning to a bear market for a very long time. Everything is lining up perfect, interest rates, rising dollar and a chance for real economic growth.

[Slamt]

Good idea, gold is following its typical historical pattern of returning to a bear market for a very long time. Everything is lining up perfect, interest rates, rising dollar and a chance for real economic growth.

Think FOMC will foil this plan pretty badly.

There's way too many people positioned for this. Wouldn't be surprised to see some sort of crisis to delay rate hike yet again. Maybe oil.

edit: probably sound like a fool for this thesis last few weeks but really think big move in gold coming, rip that is.

[badbart]

Think FOMC will foil this plan pretty badly.

There's way too many people positioned for this. Wouldn't be surprised to see some sort of crisis to delay rate hike yet again. Maybe oil.

edit: probably sound like a fool for this thesis last few weeks but really think big move in gold coming, rip that is.

Ill be buying long term puts on gdx every week or more if we get a rally. No one is smarter then the markets, don't fight the trend.

[GabrielNovar]

Bought MYL and down nearly 25k in a forkin week. FML

edit: PYPL acting liek sheet too. Double FML

[ReyDelMundo]

Does anyone here work in commodities trading, specifically energy (power, natty gas, crude oil)?

Would love to ask some questions if anyone is in this field

I don't trade commodities, but I'm the senior economist at my firm and one of my areas of specialty is O&G, I spend a fair amount of time staring at the NYMEX strips, I probably can't give you the exact information you're looking for from the technical trading side, but I know a fair amount about the industry in general and could potentially be of some help.

Fire away.

[RobParks2M]

Bought some puts for CHK @ $6 for $0.29(December not weekly) seems like potentially easy money assuming no OPEC deal is made. Could see oil prices drop into 35-40 area with obvious downside for any O&G companies. I will either be a genius or throw away $500

What are your thoughts Rey?

[Venom08]

Gold is bearish af, especially considering it's back into this descending channel.
/GC Daily: Interestingly enough, support now lies slightly below $950 if you expect the decline to continue into January 2017.


1362 was a MASSIVE failure. It needed to have ended above that level for there to be any hope for gold. That's long gone.

[thetrebel]

Dat feel when you log into oando and realize u didn't put a stop

fook me

Only 70 pips but still mad

[RobParks2M]

1362 was a MASSIVE failure. It needed to have ended above that level for there to be any hope for gold. That's long gone.

dat feel when you ride Venom's coat tails for CEO10k/day payday

[AmIGoodNuff]

What do yall think about KEM?
It is past the target price for 2 days.
Is there a near ceiling to this wave?

[xKyle10]

^^ JUNG @ 6 I remember some in here getting in at 30-24

Don't really know what to do between JNUG and NUGT, I know the leveraged decay is ****ing me but I do believe gold will bounce back up and is oversold, this range between $6-$9 on the two is cucking me good though, still am down on those and debating averaging down to get my cost basis down or just champ it. Probably my first and last time ****ing around with 3x leveraged ETFs....the thing is I did it on a whim seeing gold futures up an absurd amount on election night and watched futures tank so really should have just not done anything and not liquidated or jumped into anything looking to make a quick buck.

You cannot short unless you have a margin account but that is not the balance required. 25k is the balance required to day trade and not be subject to PDT rules.

Aware on PDT balance requirement but did think most brokers had a fairly high balance requirement for margin. Called my broker yesterday (Merrill), and they said I only need 2k to apply for margin so gonna empty out my trash robinhood account and throw it back in.

If anyone else has BoA, Merrill is GOAT. Do wish I had enough capital between all my accounts to be able to day trade fee-free but I'll get there one day. Also the seamless transitions between various accounts makes it worth it IMO.

Didn't drop in as much but put in ~12k split between GLDFF, APHQF, TWMJF, SPRWF and OGRMF. Have $35k that's sitting in AAPL that I'm considering dumping, also sold NVDA during the minor pullback which was a stupid mistake hoping the pullback would be bigger to buy back in lower, now debating on jumping back in.

God damn son I wish I had access to that much capital. I threw ~$450 into TWMJF slightly over 6 and I'm sitting unrealized + almost $300 on it in under a week. I would YOLO hard on the swing trades in the canadian canabis game IMO and dump apple. I've been trying to swing trade apple all year for measly gains and regret not selling at the recent 118 price a few weeks back. I think it will have a strong holiday season to help next quarter but not quite enough to break 120. Then again they could do some crazy **** for the 10 year iPhone anniversary and come out with the curved OLED screens.

What is your cost basis for AAPL?

With closes like these past few sessions, a retest of the 2015 low of 1052 is certainly very likely. But my bet is on a break below the $1000 level to kick off 2017. Give me $9xx prints and I'll be sinking everything into gold and miners. And NUGT just for ****s and giggles.
2017-2020 will be glorious for gold. I doubt it will linger below $1000 long once it breaks below that level.

Do you think it would be wise to buy DUST or JDST if you think it will dip that low or too much of a gamble?

Just an update ive quit my job and now trade for a living.

tfw this is the life goal

the gold market sentiment is just as ugly as it was at the last bottom, we likely hit that bottom at 1180 there are no bulls left all shaken out meanwhile dollar bulls are like 98% and the dollar is at 14 year highs. IF GLD goes under 111 and gdx under $20 then the gold market will probably retest 1050 but the number #1 expert who I love Avi Gilburt ( who had GLD 111 and gdx $20 as his targets months ago) thinks the bottom is in right now with a 70% probability)

what is your opinion on ABX? Soros had a fairly large stake in it but has dumped a good majority of it. Seems to be a solid buy under 14.5-15 range but I don't know how accurately it tracks GLD.

Don't listen to this clown, Modi and India will prevent appreciation in gold prices.

FatBoy87, check Reuters for the article on gold and India published just hours ago.

Also, your entire thesis is wrong. There isn't that much of a correlation between interest rates and gold, why did gold go up in the 2000's when interest rates were falling? I'd run the regression analysis for you but I'm on vacation and don't have my computer with my Statistical Analysis Software on it. In the long term its supply and demand, pure and simple.

The fact of the matter is that commodities are strongly driven by the marginal demand or lack there of, just look at oil over the past 3 years. The changes at the margin make drastic changes to price, even a slight slowing in demand in India will have an outsized impact on prices.

What is the current status on the Modi and India gold situation currently? Will take a look at the article but I do understand the gist of the situation as of last week.

Fnma ?

Was in at 3.03 out at 3.13 lel, just a shady ticker with not all that much volume and too much of a gamble.

Finally.

Vale is a company I've owned since about 2014 when it was in the $13 range. It got as low as $2.13, I considered selling several times for tax purposes, but held on. I considered buying more when it was around $4 but didn't.

The company finally returned to profitability this quarter and they haven't even realized the cost savings from some of their very large investments.

This is a perfect example for the young guns on timing. My thesis was correct, Vale would prevail in the mining wars, they have some of the purest product at the lowest cost, but my timing was off. I did collect a few fat dividends, but, if I had just waited until it hit $4, then I would be up over 100% on the equity price, and have an incredible yield on that $4, potentially north of 25% once they start paying out a healthy dividend again.



Remember there is always another bus coming and an attractive investment can always get even cheaper. The key is to have the cash in hand, know which bus stop to be at, and what time to get on the bus.

This time I had my bus fare in hand, got on the right bus, and chose the wrong time. I'll still make money on this, but would you rather get on the bus that gets you to place G in 2 hours or the bus that gets you to place G in 20 hours?

Some good points in there. Why do you think you didnt try and average down during that whole time and what other types of investments were you looking at in order to recoup the losses? I guess I should rephrase that - did it ever enter your mind to cut the loss and try and recoup that loss with riskier trades using that capital and if so why did you choose to ride it out? Currently I have some not so great positions and some absolutely astounding ones but it definitely hurts to realize a loss as opposed to riding it out even if just to break even.

[mike.hunt]

Oil up 7%..

[White-Belt]

Bought some puts for CHK @ $6 for $0.29(December not weekly) seems like potentially easy money assuming no OPEC deal is made. Could see oil prices drop into 35-40 area with obvious downside for any O&G companies. I will either be a genius or throw away $500

What are your thoughts Rey?

Bruh