iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts

COSTANZA TRADE: BOT $AG

I covered my short in AG the other day and now I am going long, under $13.88.

I bought a decent amount with some of my 40% cash, in for the Costanza trade, mean reversion shall have its say, according to the algos inside of The PPT.

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29 comments

  1. Mike

    wtf!! smh ..is there hope for my EXK??

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  2. Mike

    thats a question I dont even have an answer to!! if it bounces I will set my stop as it rises so I dont end up here again…recommendations??

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    • The Fly

      NO RECOMMENDATIONS.

      You need to man up and take responsibility for your trades, good and bad. Otherwise, you will never learn.

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      • Mike

        I agree…hate takin a fucking loss!!!!!!

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        • Vertigo

          Get used to it. Nobody is always right. You got to minimize your pain when you’re wrong.

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          • Mr. Partridge

            I minimize my pain by maximizing my gain lol

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          • Sooz

            sometimes when I read comments like that..,Mr. Goldsocks
            I want to smack the sh!t out of you!
            Really not the best time to boast(?)
            *humility comes to mind.

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          • Sooz

            you..yourself have been caught on the wrong side of the trade(PM sector) , have you not?

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          • Sooz

            SILVER WHEATON CORP comes to mind back in the autumn of 2011
            When it lost more than half of its value in 9 rapidly failing trading days.

            sh!t, I still wonder if your partner loaded up on margin(via Toronto exchange) at the top. although, this is truly none of my business I did feel concerned at the time.

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      • Mr. Partridge

        sometimes when I read a comment like that I want to hug you (no homo)…

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  3. Mr. Partridge

    but why AG? why not an etf.. remember you said you will trade a lot more etfs?

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  4. Testicules

    GOLD…lol…

    Going to CASH is all about the Olive-drab asswipes
    No glittler

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  5. Mike

    GTAT with the proceeds??

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  6. Mike

    si

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  7. Po Pimp

    A wise man a couple of posts ago said:

    avoid the temptation of buying any dips–due to the severity of the erosion in the space.

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