agip wrote:
here are the end of January numbers:
From the start of the thread on 8/27:
Dow Jones Industrials: +7.1% including divs
Vanguard Total World Stock Index: +8.2% incl divs
From Dow 15,000:
Dow + around 5.7% incl divs, but that is approximate. 4.7% without the dividends.
So the bears got something back in January, but K5's bet is still substantially in the red.
Market has been volatile and we havn't had a real drop for a long long time. Keep in mind that the average drop in any calendar year is 14%.
And this is what you get if you were trading Comex gold. I am on record here going short GC on Feb 15 (about the same time that George Soros and much "smart money" sold). I'm also on record calling an intermediate term bottom during the last week of December. The technical chart is on two different threads around the end of the year. I had a buy stop to by 4 limit 1190 (to go from short 2 to long 2, which was hit on 12/31:
Maintain short 8/27: 1414.80
Reverse Long 12/31: 1190.00 (bottom on 12/31 was ~1180)
1/31/2014 closing fix: 1243.20
Total gain: $278/troy ounce
percentage gain: 19.7%
Total profit on 2 contracts: $55600.00
Now, I'm not a frequent trader: I think of any position held less the 5 years as "short term" so I'm kind of like the market timing version of Warren Buffett (the average commodity trader would probably describe my trades as "geologic timeframe"), but this is why, if you know what you're doing, you do some trading.
Oh, and BTW Flagpole, In January, I made ~$10600 on my 2 gold contracts in January. How much did you make?