shillllihs
5,992 posts
msg #134776
- Ignore shillllihs |
3/7/2017 11:51:59 AM
Added $1k DGAZ 5.67, so now 4K. Will make 2k guaranteed.
Plenty of cash for safety, nothing can go wrong.
A little method I pioneered to print free gas, electric and walking around money.
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shillllihs
5,992 posts
msg #134777
- Ignore shillllihs |
3/7/2017 1:29:10 PM
My mini $6k TVIX continues to churn out income.
So very nice...
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shillllihs
5,992 posts
msg #134779
- Ignore shillllihs |
3/7/2017 1:35:41 PM
I would not recommend shorting INVERSE ETFs unless you're RICH.
Be very careful, unless you have sufficient funds, do not try this at home.
But it works for me, it's FREE money.
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shillllihs
5,992 posts
msg #134780
- Ignore shillllihs |
3/7/2017 2:29:54 PM
Will add to my DGAZ short in small increments, ALL the way up to 30k if it goes higher.
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jake1215
13 posts
msg #134782
- Ignore jake1215 |
3/7/2017 5:26:59 PM
Why do you have to be rich to short them?
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shillllihs
5,992 posts
msg #134784
- Ignore shillllihs |
3/7/2017 6:22:30 PM
To create a buffer if trade moves against you. I like to keep a 8-1 or 12-1 ratio.
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pthomas215
1,251 posts
msg #134785
- Ignore pthomas215 |
3/7/2017 8:10:13 PM
Jake, he is referring to warren buffet's 2 major rules of investing:
1) Dont lose money
2) Dont forget about rule number 1
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shillllihs
5,992 posts
msg #134787
- Ignore shillllihs |
3/7/2017 8:54:09 PM
And this is what I used to model my 40k trade.
Instead of Kold I used Dgaz.
Theory based on inverse leveraged ETFs eventually fill 100%
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shillllihs
5,992 posts
msg #134789
- Ignore shillllihs |
3/7/2017 9:00:30 PM
You won't believe it PT, but that's exactly the motto that's been going through my head lately.
Besides my large Dgaz trade that I was sure was going to be a hit, I'm gravitating towards the
smaller trades. When you chase money is when you lose, but if you enter like a virgin and conduct your business organically you see better results.
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pthomas215
1,251 posts
msg #134790
- Ignore pthomas215 |
3/7/2017 9:56:53 PM
I could not agree more. I try to stick to smaller positions now. Keith Fitzgerald was saying most people go into their trading thinking of the amount of money they want to make--then after awhile they go into their trades thinking only about managing risk. Great filter btw.
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