The Death of Gold and Silver - what happened since I called the Death

So last week...actually during the first week of May I started noticing a consolidation pattern in golf and silver. 

Gold

$IAU, $GLD both follow gold and do what ever gold does. After I had a review of the charts I saw that GOLD had no strength after its decline. It moved up and then consolidated and now is dieing. These patterns are so easy to spot and that is why I went short gold and silver, but sadly I didn't stay short. 

The following is what I posted on FB and you can see the dates: 

Type in the symbols SLV and IAU to see their current prices now.

Now that's epic. Gold + Silver deteriorated over the past week. Now if gold cannot go past 1400 again, that is WEAKNESS, get out! And once is falls below 1300 that's it, get out. The $GLD which follows the price of gold went from 142 to 131 in about 5-6 days! That's nasty! 

Dirty Day! Nasty Moves

Even though I am LONG 850 shares of $AMD at 2.69 I woke up today and noticed if AMD cracked the 3.94 area it would BLOW up! SO I didn't wanna risk to much money I was just looking for a quick gain. And this is what happened. Look at my trade tickets for $AMD. I pulled out a decent $44.25 in 30 minutes. Again not a lot of loot but HEY...better than nothing!

Right Click Chart, Open in New Tab

$AMD Miracle

NOW I owe this trade to my colleague at work, I won't say his name but I dedicate this to him. Why? Because he is a gamer and gamers know the insider stuff on gaming info, he was like "AMD's gonna be doing the chips for new PS4 and XBOX" I was like really? So I bought 500 shares then as time went on i bought more, and so I ended up with 850 shares. I did my research and chart analysis after he told me and I saw promising potential, that is why I been on this $AMD tip for so long.

He did however bash my $TSLA trade, I had 200 shares when $TSLA ass at 30 now it's at 84. LOL if I do the math I woulda made $10800 if I held on to it. And you know who advised me to sell my shares? My BROTHER! YES HIM. I sold can't even remember around the 35-38 range. I made probably $1000 off of my $TSLA. But GOOD lord. 

SO now that we are talking about $AMD here it is. It has gone up tremendously. Again I been in this trade since January so it's been a real journey. At the end of the day, I ain't risking much. But look at the gains so far! 

$1400 in the pocket. 

Please review the picture. Yes those are real gains. 

Where ma BBQ Sauce at? - Epic Trade Day

$BAX - Winner

I shorted this bad boy right at 67.84 50 shares and because my original entry which was at 57.93 of 200 shares did not get filled the first time I left the order in my platform then it finally filled once price came back. That means I had a position of 250 shares as approx 57.88 ish. I let go of 50 shares because I didn't trust the play then finally let the rest bleed down. This play did not follow through (sadly) but it was still a small winner. In the end I had 100 shares left, I covered them at 68.06. This is why it is so important to take profits when you can, if I had no taken profits I would have lost about -$30 on the play. But I locked in enough profits to not worry if price moved against me.

*Right Click Chart, Open in new tab*

 Trade Tickets $BAX

$DISCA - Winner

Another short. Look at this beauty, I didn't go heavy in this play but check that NASTY NASTY ness! O M G. Today was a pure short day. I only shorted 100 shares as you can see in my trade tickets but LORDDDD if I had shorted a lot more...wow. These are the types of plays that need to be taken, just look at the TIGHT TIGHT consolidation, that creates a small stop, which means I can be taking profits with less price movements.

*Right Click Chart, Open in New Tab*

Trade Tickets $DISCA

$PRGO - Loser- but WOW look what it did!

Now this was a prime time setup but honesty I couldn't stomach how much this moved against me so I ended up killed the play and taking a loss. I don't mind, the setup was nice and clean, the stop was huge. I did have another order pending after I took my loss but price slipped and moved so fast that it did not fill my order. And you may ask "your orders don't get filled so many times, is this guy bullsh*tting?" My reply, "NO!" The spreads for this stock were nasty and a lot of other things, price will move from .20 cents like a UFO going into space, its FAST! It will skip your order, its like you going to McDonalds and the lineup being MAD busy and the cashier forgetting that you told him/her you want your McChicken with BBQ sauce on the side, he/she may forget and you will have to come back and be like "WHERE MA BBQ SAUCE AT?" - SAME thing, orders in the market can also be skipped or not filled

 *Right click chart, Open in new tab*

Trade Tickets $PRGO

I made another trade but I don't have time to update. It was a $8 winner.

Click links below to view my previous trades

$TSN - Tyson Foods
Will $AMD pay for my Wedding?

Click Here to read About Me

$TSN - Tyson Foods

$TSN tried to break above the 24 area after dropping in the morning, it failed and really didn't have strength to move itself up above 24 after its morning pull back. The setup came on the 2 minute chart, the stop was nice but what I really wanted to see was $TSN go below 23.50 area, it JUST couldn't break that floor, it tried so many times but couldn't. If it broke below 23.50 then O M G big loot. I shorted 200 shares at 23.87 and because I pushed the wrong buttons I identically covered 105 shares at 23.70. I didn't get upset, nor did I increase my share size. Again for those of you who may not know, if I short a stock I am hoping it goes down, if it goes up I lose money. So now I had 95 shares left and I let it ride down to the lows in the 23.55 and took out portions of my position there. The 2 minute short play worked perfect, the play did not even develop on the 5 minute chart.

If I had not got rid of the 105 shares accidentally early I probably would have pulled out at least $100 bucks out of this play but in reality it made me about $36 and hey I ain't complaining, thats $36 in my pocket! 

Here are my trade tickets:

Notice I shorted 200 shares at 23.87, then there was my accident, I wanted to put in an order into my platform so that I would cover 100 shares at 23.55 area but I forgot to write in my price, at that time the price of the stock was at 23.70 and it filled my order right away! I was like HUH? Then I screwed up again and covered another 5 shares...meaning I went from a position of short 200 shares to short 95 shares. 

UPDATE: This is what the setup looked like! Beauty!

*Right click chart, open in new tab*

Click on links below to read my previous trades:
Will $AMD pay for my wedding?
$AMD- Uh OH

Click Here to read About Me

$AMD - Will $AMD pay for my wedding?

The Chart Below is all I need to post!

$AMD blew through that overhead resistance Pink Dotted Line, it stopped at the high of that diagonal channel.

I got 850 shares at 2.6992244 (random price I think its that) (LOL). The price is currently at 3.22. To get an updated price if you are reading this during market hours Click Here

But at a price of 3.22 I am up $442.65 on $AMD. Again this is short of what I want, I want to pull out at least $10,000 - $15,000+ out of this in a few years. (I will now call it my wedding investment fund, if $AMD pays for my wedding, I will forever only buy devices that have AMD chips in them) God knows why $AMD is doing this but I am happy, I read something about possible take over talks...ahhhh will see! Never know, $AMD has snapped out of it what it will do over the next little while ma GOD I can't wait! Just never know what can happen. As long as it stays above that dotted pink line, it has strength, possible retreat to 2.60ish may be possible if it goes under the pink dotted line - IT BETTER NOT!

 *Right click Image, Open in new Tab*

Click on the links below to read my previous trades
$AMD - Uh OH
$KORS - I own you too!

Click Here to read About Me

$AMD - Uh OH

If you haven't read my previous post on AMD you gotta read them! So just less than a day ago I did a little review on $AMD and things are working out!

Click Here to read $AMD - Ain't Retiring Yet and after you finish reading that Click Here to read $AMD - This Bad Boy needs to Snap out of it!  - This I posted yesterday!

If you don't then you won't know the full story and full coverage I got going on $AMD.

Below
Yesterdays Chart: *Right click chart, open in new tab*

Below
Todays Chart: *Right click chart, open in new tab*
It hit the PINK line! Look at the blue circle! That is my little $AMD showing some good strength. Now two things can happen. 1) $AMD needs a rest or 2) $AMD will break through. I hope this bad boy breaks through! This is really exciting to see a stock coming out from the shadows, if this is just a continuation of the channel then I am going to be really upset.

I made a few day trades today, I don't have enough time to update those because $AMD, $COH, $KORS and custy $PEIX are keeping me busy, either it be analyzing charts or trying to figure out some strategies, overall it was a busy day.

Click on links below to read my previous trades
$KORS - I own  you too!
$AMD - Bad Boy needs to Snap out of it!

Click Here to read About Me

$KORS - I own you too!

So now I am a part owner of two fashion companies, Coach and it's brother Michael Kors. My position in Coach is obviously larger I went in 44 shares at 50.04, what I did with $KORS I went in only 10 shares at 56.31. I am only testing out a strategy so please don't bash me on my 10 shares. I am willing to give it room all the way down to 52ish or lower range to prove me wrong, if it goes my way and say $KORS hits 65, I make $90. Not bad!?

So we shall see where this goes, I am playing a weekly setup, first time I am trying it out. Lets go $KORS

Click Here to see the current price of $KORS

Update: I ended up throwing in my shares: Not A lot but I'm not here to make a killing, I rather risk little by little and get my plays right.

Studded Tech Wallet Dilemma

Either I can purchase all these studded tech wallets for myself or purchase myself some shares of Michael Kors and make myself possibly $80-$90 after pulling out a profit! 

Click on links below to read my previous trades

$AMD - Bad Boy needs to snap out of it

Locked in Gains on Coach - $COH

Click Here to read About Me

$AMD - Bad Boy needs to Snap out of it!

Please read $AMD - Ain't Retiring Yet to get a better understanding of where I am coming from and then read this post.

Last time I did my $AMD update I was down -$170, it was pretty bad, I was pissed off but I told myself this is long term, this is my retirement stock. (not), but you get the point. I had 750 shares in at 2.70 and how many do I have now? Well the grand total is now at 850 shares at a price of 2.699224 haha, I averaged DOWN! (broke a rule of mine).

Current Position Size = 850 x 2.699224 = $2294.34 Now that can get me 2.5 trips to Cancun. Speaking of Cancun, exactly 2 years ago today I was in Cancun with my 4:10 crew (that stands for drinking 4 cold shots in 10 minutes)...get it? 4:10? I was a crazy cat back then. Brampton has a special highway built specifically for my crew and I, its called the 410, that is why I love Brampton. Respect.

But getting back to $AMD, what I want to see in $AMD in the next little while is 2 things:
1) Break through the Pink Dotted Line and just bust it like it never busted in its life
2) Hit the Pink Dotted line, come down to say possibly no lower than 2.50 ish and bust it like it never bust it, specifically above the Pink Dotted line

I actually like where $AMD is coming from, the 2.20-2.30 area is a nice decent floor, it hit it about 8 times since December 2012 and never seemed to go under it, its a good trampoline, bouncy bouncy bounccyyyyy. Since my position is at 850 shares, I am in the money at this time (that means I am making money) Honestly, I need to relax. Click Here to see the current price of $AMD

Please enjoy the chart that I made below: The yellow represents non-sense sideways motion, you know the bunny hills on the wooden roller roasters after the MASSIVE massive scary fall? That is what is happening, this bad boy doing the bunny business, I am waiting for it to build momentum and just shoot itself up, only god can judge $AMD now.

*Right click image, open in new tab*

Click Links below to read my previous trades
Locked in Gains on Coach - $COH
$COH - Coach $389 Profit

Click Here to read About Me


Cancun! April 2011