Gio highlighted this last week, on further weakness this should be good for a few points on the downside:
Joined Jan 27, 2008
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I sold out of PCX last week, the chart is nasty
I’m looking to take a piece myself on the short side.
RC! are you out of COIN?
negative, it broke down technically though expect more weakness. Ag is not the place to be.
It looks like it’ll bleed down a bit, but PCX can swing like mad. I am planning to wait and see. I really do hope you’re right, and will start scaling in long sub $12. Not inclined to go short here.
Good luck..
lol @ $BP
A bit OT, but….. Realistically, how much coin would you want to start with if you were looking to generate $60k in income per year in trading…. I know this question assumes a lot, but ballpark would be cool. I want to know how far away I am from quitting my job forevah.
Depends how good you are, if you are really good then 100K would do it.
Other end of the spectrum would be around 800K if you just invested and lived off the dividends/covered calls.
Figure out where in the middle you belong.
Also if you are not working some expenses disappear plus your tax load goes way down, you may not need 60K
you would have to return 60% year over year, to trade with 100K just to give you an idea.