SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ajtj99 who wrote (68667)9/2/2022 4:51:03 PM
From: Lee Lichterman III1 Recommendation

Recommended By
ajtj99

  Read Replies (1) of 97558
 
I got my head ripped off playing commodities years ago and it left a bad taste so I don't touch them unless I'm absolutely certain on FA, TA, moon and stars, chicken heads etc.
I'll probably join Sun on copper eventually. It fascinates me as the disconnect between FSLR and copper says one of them is wrong. I'll probably go with COPR vs COPX though even though it generally doesn't do as well. My understanding is COPR is a pure play on copper whereas COPX are the copper mining stocks. Mining stocks just get inefficient any time things get good. They ramp up costs then end up stuck with debt on the down cycle. Traders don't seem to care, as usual, but they just don't consistently reward their shareholders.
I couldn't sit on my hands so saw the first ramp attempt and jumped in. Of course it immediately fell apart so I switched to the dark side but didn't go big enough so only got a few pizzas each trip, increasing each time. Of course I was pretty big just in time for the real closing ramp job but decided to just hold it over the weekend. We might have just made a double bottom and we rocket up next week but I think we go lower before year end. If we do ramp, I may just leave it open as a hedge and go extra long during the day. I should just post my trades and have you guys fade me for a cut. I seem to do great first part of the day then do everything wrong the last half with just enough winners to keep my hopes up. LOL
Two times today FOMO bit me. We were overbought but it just kept going and going so I finally jumped on it. Then it reversed. When I was away from the keyboard and my long dropped, we were oversold so I didn't cut it loose thinking I'd be selling a bottom. I think today's drop was the most oversold I've seen in a long time. The 120, 240, 480 and 1200 tick were riding the bottom forever. I need more screens too. Every time I post here, read a newsflash etc, something happens and I miss it. Hopefully the broadband will be on schedule next year.
Pardon the rant but I am just frustrated. I should be making more than I am. I know it's a bear market so it's harder but I used to do better in bears than bulls because I was more active. During bulls, I pretty much just let it ride and day trade when I'm bored.
I'll probably be making a post this weekend and get a discussion with Sun to stir things up. I was playing with the employment data today and am wondering if we gave up democracy for a shadow almost Communist/socialist/central planning government. We now have a ton of people drawing disability, working for the government and very few doing actual productive work. Most of our innovation is government financed/developed vs free market. Free market just tweeks it to monetize it afterwards. I don't see how we can ever get out of debt when the government is now trapped paying everyone.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News