If was kind of a boring month with most assets in consolidation mode all month, so not the conditions for big gains, but we do have a new leader;
Darren R +45%
Bob S +33%
Adrian S +21%
Andreas S +20%
Glenn S +19%
The SMT stock portfolio hasn’t actually completed a trade but as of the close Friday would be at +16%
The SMT metals portfolio is also still holding a trade but as of the close Friday would be +14%
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it might have been interesting to see the list with the blog pseudonyms instead of real names and also the players at the bottom. I bet a couple of big mouths in here are negative.
Agree – and see what their trades were as well…
Good morning,
Gary thanks for posting the results. It is quite awesome learning some people at so good.
It would be nice if somehow they can comment on their trading approaches.
Say pure technical, or sentiment/cycles, or whatever they use.
Have a nice weekend.
I throw Darts and read Tarot Cards 🤓. Actually, I use Time-Series Analysis (TSA), utilizing Mathematica.
Keep in mind the results are only for completed trades. There are several people holding leveraged mining positions that if they had sold on Friday the top 5 positions would change dramatically.
But I only take totals from completed trades. There’s no way to tell yet whether an open position will result in a gain or loss until the trade is completed.
These traders are playing the long game, and playing it very well I might add.
Like George Soros said “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
Soros tries to rule the world for his entertainment.
Well, you have to report a trade from the start for it to be valid.
If you report one now that turns bad over the next year it sits on your books and will be tabulated at whatever value it is at the end of the contest.
Oil stocks keep bumping along the bottom and I keep buying more. Almost never seen such a collection of bombed out charts. Worst sector the last year if they ever wake up I’ll be … pleased, Ha!
Careful with oil stocks.
Michael Belkin thinks oil/energy has bottomed and they will turn up.
Also, Russia and the Syrians have officially knocked the shit out of the US-backed rebel forces, with no way now for the US to recapture Syria.
So whatever manipulation the US was involved in to depress oil prices to hurt the Russians, it may have subsided.
http://kingworldnews.com/michael-belkin-broadcast-interview-available-now-9-1-17/
GARY — We keep talking about JNUG but have you noticed that it’s been extremely sluggish ever since the rebalancing? Wouldn’t it be better to invest a pile of money into NUGT? It could outperform.
One could just do some of each.
Gary, It would seem to me that the guys who are selling their winners and keeping their losers would appear to me doing the best at your game when in fact, they may be down overall according to their account net worth.
According to some folks here, i am somewhat dim-witted so maybe i have got that wrong.
As an example, Darren may be up 45% on completed trades but might be holding a whack of ERX with a massive paper loss that far exceeds his wins. Get what i mean?
Well, you have to report a trade from the start for it to be valid.
If you report one now that turns bad over the next year it sits on your books and will be tabulated at whatever value it is at the end of the contest.
What seems amazing about the contest results.. the ones that don’t have the balls to enter are the ones so concerned with the results.
Good point about winning and losing positions, but Gary obviously has the insight to let the trades work before counting them as a win or lose. My DUST position is an excellent example. I am losing my arse holding when I should of sold for small loss, but the cycle has stretched a lot more than I estimated. It had surprised a few I am sure.
I have one trade that I am down that is not showing. I don’t know for sure but my guess is it drops me 2%. Next week will be the test. Is there more SM pullback or launch mode to all time highs. If it’s the latter I need to take a loss. Most of my gains occurred on a monster TVIX gain.
I took profits/recovered losses on SOXL last week expecting a small pullback to buy into the next morning but then got caught when SOXL kept going up. Figured the main game would be with the gold cycle, so switched against good advice, and that’s not working out well at all.
I think we know Tues or Wednesday.
Kim Jong Un has upped the stakes again with a hydrogen bomb test. Not going to be good for my GLD puts. Damn this guy, lol. Love him when I am long and worst enemy when short.
I hope you guys carrying 3X bullets are sleeping well…