Well it turns out the Gold long has hit the target. Some 1,2 billion USD in orders had the same idea and pushed it up. Still glad i didnt do it......instead i pulled off a spontanious even more short term even more counter trend trade hahaha :) Would you short this market? It´s the DAX, the strongest Stock Market of Europe, the home of BMW and Audi. Well see that small blip downwards at the top? No? Well it´s really small but with 5 times leverage it turned out very profitable haha ;) I made 30% in 3 days, nonetheless, i really should only trade trends that last at least 2 weeks. It takes time to shift a big portfolio. So of course i wont count this toward the benchmark. Happy Greetings :) Today i have to laugh about myself :)
Like a child that sticks its finger into the flame, twice to be sure it also hurts the next time! I wanted to again trade counter trend and this time even more short term haha :) Well it would have failed terribly again at least at first, could still work out. Glad i didnt do it. But i think this time i really learned the lessons: 1. Only trade moves that last at least 2 weeks, longer is better! 2. Only trade WITH the flow, WITH the trend, the trend is your friend :) Cheers Amazing, i managed to make money counter trend :)
to be honest, i thought Gold would go up to 1230$ but the intraday high is 1223$ so i am okay with that. Gold almost managed to shake me out of the trade! This was hard for me to stay course while it went from my entry at 1206$ down to 1190$ two times all while i thought the low was in! But i thought everyone else is feeling the same so let them sell first, then it reverses and goes up again, it worked :) I entered at 1206$ and exit now at 1220$ Leverage that by 2 and arrive at 2,3% gains in 9 days. New Balance 108´028 As i wrote in the last posts, even dough hedgefunds are famous for their leveraged bets, hedgefunds rarely have more than a leverage of 2 on their whole portfolio, so even dough i use puts with leverage of up to 4,8 sometimes, i calculate with just 2 to get a fair comparison. Dear Home-Owners use this year to sell your speculative Real-Estate, do yourself a favour! Dear Southern European Government Bond Holders use this year to get rid of all Government-Bonds! The ECB is even picking them up from your doorstep, you just need to say the magic word: "Sell" Cheers :) |
AuthorPascal |