Posted:
#1
Been reading your stuff for a long time. I have a assignment for school, I am fake trading. Only allowed to touch commodities. Any insight?
WALL STREET CAPPER
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Posts: 17
Posted:
#3
Its pretty fast. Its only like a month and a half which is dumb. I wanted to short gold yesterday to get going. Noticed I bought it instead at 1255 price down to 1213 already. lol
When its not real money I do not care. So any things you can see even a 1-2% gain over the next month or 2. I know the fed talking on March 15th is a big day to watch for.
Posted:
#6
Yeah I would try something the pack wont..most people will trade oil or metals (gold, silver) but doing something like corn, coffee etc would be more interesting.
The drawback on doing something off the beaten path is the action isnt there, so the moves wont be as fast as the bigger items like gold, silver, oil or platinum.
Also, your angle is interesting, but if you try it and it takes longer to pan out you are stuck in a boring trade. At least with the bigger players you will get some movement and action.
Posted:
#7
Professor will probably give you more credit if you were to make a play on Bitcoin, which is relatively new. Professors look for originality and they'll likely grade you better based on this and if you give competent insight as to why you chose it. Make some BS up.
Professors that assign stuff like this want to see how you think and your rationale behind it; rather than how the commodity will perform. 
BOL 
Posted:
#8
Hey anything that you suggest Wall Street?
I did good today. I shorted 100 shares of Corn. Made around 35,000
I have taken a huge hit on gold bought at 1255 down to 1207 .
Overall up 1.74% .
Looking into bitcoin now... for simple fact yeah i can BS about how its being used in gambling industry etc lol
Posted:
#10
I dont think you can do bitcoin, it isnt considered a commodity.
And yeah you are running into the USD train with gold, if the FED raises rates gold will fall for sure, but then it will likely bounce on bargain hunting.
I think longer term gold is mega overvalued but that doesnt mean you cannot play the swings it will have.
As long as the FED is going to keep raising rates, and they are wanting to do so, that means gold will keep dropping. I dont see how it is over 1k myself, given that rates WILL be going up, it makes the USD stronger and gold weaker.
Posted:
#13
I am clicking the trade button next to my shares weird.
I am doing good so far. +10.18% last 3 days.
Big winners . Short Silver i got it at 17.25 it sits at 16.93 Profit of 31.5k
Shorted Maize (Corn) at 3.70 it sits at 3.60 Profit of 83k
Shorted Soybean Flour at 325.80 down to 324 now profit of 7.2k.
Shorted gold after took a huge loss on buying it. Shorted at 1206.56, it now sits at 1203.50 for a profit of 7,650.
Overall +101,836.59 , in 3 days.
Posted:
#14
I know why, you have to close the short by BUYING the position back.
Shorting is like digging a hole, you sell something you do not own, to close the position you do the reverse...you buy to cover and that covers the short position and closes it out.
Make sure you know that buying to cover at the market will do so at the offer...make sure you know what the bid and ask are, the ask is the offer and unless you place it as a limit it will cover at the ask/offer.
Posted:
#17
Commodities are a zero sum game.
And since we are in a Super Bull Market, the Dow Jones and Tesla Motors are in comparison totally safe investments. Mega Bullish,
Dow 50,000. Tesla Motors 5000 or more by 2030.
Commodities may not do much until then.Been there done that.
Gold = Lots of risk and no assurances.
And since we are in a Super Bull Market, the Dow Jones and Tesla Motors are in comparison totally safe investments. Mega Bullish,
Dow 50,000. Tesla Motors 5000 or more by 2030.
Commodities may not do much until then.Been there done that.
Gold = Lots of risk and no assurances.
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