OJ Update

After respecting the downtrend and bouncing off the trendline, OJ has held support and has been rallying with good energy. It is approaching again, and may turn around, but I am holding for a decent close above our average entry.

I also exited exit EVOK for about a $100 profit. I don't remember and there is no trade history on the platform. I'll keep track of those details from now on.

Also, for the XBOX project, my Nixie tubes arrived today. They look awesome, but I am still waiting on the power inverter to arrive so I can install and power them.

10-15-2015 Update

Exited all our OJ positions today. They are at resistance. If price plummets I'll re-enter.

October 10th Update

Here is an update on the positions from previous posts, plus some stock trades I've taken based on Tim's Search Criteria. Because I'm taking a longer term approach I'm buying much less size so I'm not worried about the positions going against me much.

Oil Is even lower

Took a look at Oil today and it is even lower now! Back in a post long ago I bought a contract of Oil @ $66.81 and now it is down to 47.28 so it's time to go another contract for an average price of $57.04.

Could take years, but who cares really. It's relatively low right now.

OJ Action

Got a price alert today. OJ has finally hit and closed slightly above the average entry. I am not break even on the entire trade, with the last two contracts now in profit of about $5,000.

UPDATE

Even higher today!

Good morning

Hello again!

Lots of losses haha! A main reason for this is because I'm in the market when I really shouldn't be, at levels that don't make sense to do this at. I have to keep reminding myself that I'm doing this to see how bad it can get and if it's able to be recovered in the long run but I'm not able to control position sizing or the location of the zone while I'm gone.

At least not yet. I need to setup a remote connection and then I'll be able to.

Realistically what I should be doing is taking partial profits on most of these trades, but I can't do it for some reason. I'll have to try when I am home on my computer, but I know it will only let me exit a trade completely from my phone, not sell part of it... I have a sneaking suspicion it is because of the FIFO (First In First Out) rule implemented years back... really dumb. It's just the government treating adults like kids further and further.

Btw, I've gotten in contact with the programmer of the robot to see if we can get more features implemented into it. I'm still waiting on a response about that. Here are some charts.












On a side note oil is still taking and OJ has been as high as $1.55. I'll get charts up soon I've been quite busy with some things. Have a great day!
























































Still looking like a lot of room for the downside on this last chart.










On another note, I have told you I have become interested in Timothy Sykes and his stock trading style. He has a website called Profit.ly and I took a look yesterday where he said this he expected this stock HGSH to rise today and it totally did. I think I have a demo account with one of the brokers he recommends and by golly I should have taken a long position!

I am not sure if I want to spend $400 each on his courses, but he does have a "Tim Alerts" service for a little over $300 a year.

If you are interested in anything you can go to his website timothysykes.com and see his entry and exit prices on the stocks he is trading. It is a great way to get an idea of his trading approach. The real bread and butter though, is how he figures out which stocks are likely to move... Put all that together and you got something pretty powerful. I find it quite amazing how little of the moves he is actually taking part in.

Until next time! 

Technical reasons for my decisions

Woke up to new equity highs this morning and was like "I should definitely take this profit." It was another example of a one trade night. Here are some charts for ya.

 Here is last nights zone. I placed this at support because I felt it likely that price would be more likely to reverse. I made 58 pips

 Here is a look at the 4hr chart. taking profit in the short term makes sense because of the resistance of the trend line.

I replaced the zone at a higher resistance level, hoping once again that if price enters the zone it will rebound quickly without a lot of choppy action that would normally result in a string of losses.



COMMODITY TRADING UPDATE

OJ closed yesterday @149.65 for a profit so far of $1,050.00
Crude oil is currently trading @ 60.65 for a loss so far of $6,160.00

Trading Commodities

In the meantime, since the Ninja Trader program I downloaded shows Commodity prices I decided to put two simulated trades on.

The first trade is in Crude oil, which is seeing nice lows. Contracts of crude oil trade in 1,000 barrels each and the minimum increment of movement is one cent. That means that each cent crude raises or lowers in price equals a $10.00 gain or loss per contract traded. Now, I don't have the capital to trade even one futures contract, but I love the idea of trading futures because they are real goods and will never go to zero. They will always have real lasting value.

 Here are some charts of Crude oil. I decided to buy a contract at $66.81 simply because prices have not been this low since about January of 2009. The value of just one contract at this price is a staggering $66,810 dollars, but even if prices go back to $80 a barrel that would be a profit of $13,190. As you can see be the monthly chart, it would not have to go very far to reach that price point and I am fully confident that it will...

The other trade that I can't resist is Orange juice.

 OJ has a minimum movement of 5/100 of a cent and a contract size of 15,000 lbs of "orange juice solids". So for every tick up or down, the position will gain or lose $7.50 per contract traded. Every one cent movement in the price of Orange Juice equals $150.  So at the time of this post, with OJ at a cost of $1.46/lb the value of an entire contract would be $21,900. Far cheaper than the Crude oil.

Now if you look at this monthly chart OJ is basically in the middle of the highs and lows. As a trader of anything else I would not want to buy at these levels, but since I am trading something that will always be worth something, I am far less afraid of price drops. You see, in the stock market when the price of a stock falls some people look to add to their losing position and "Average in". But that stock can always go to zero. In commodities, the lower the price goes, the less likely it is to continue going down because it is a real physical and valuable asset.

Back in May 25th of 2012, I took a simulated trade of one contract @ 109.25. I took that trade because I knew that was relatively cheap and even if it moved against me it would only present better buying opportunities. I literally waited until he price hit 158.00 to get out. I felt it was high enough and I had waited long enough. It was about two years to make $7,312.50. That was a 44.6% return on the initial value of the position. THAT, was an investment. If that is not something that makes you start wondering about doing this, your head is not on straight. I have wanted to do that for a long time now, but I do not have the capital.

Here is one point to think about though. Even if the value of one contract right now is worth $21,900 Orange Juice is not going to go to zero. The lowest its been in almost 10 years is just above 60 cents. If OJ went to .60 from todays price, that would be a drawdown of only $12,900. You could open an account with $15k and still be alright. Not only that, but by the time OJ actually reached that price odds are you would have had plenty of time to add more capital to your account. I just love that we have the opportunity to grow wealth from a real asset.