I said earlier this week that it's supposed to drop but will wind up going sideways instead and it did. I put my money where my mouth is, and went long on GLD calls and ETF because my MFI indicator went oversold then crossed back over the red line.
We'll see if I'm right or not and if the 3hr MFI indicator actually works as well as I think it does. Bought 30 GLD call contracts and 2k shares of GLD, so it's a very sizeable bet.
We'll see if I'm right or not and if the 3hr MFI indicator actually works as well as I think it does. Bought 30 GLD call contracts and 2k shares of GLD, so it's a very sizeable bet.
Trade active
Went long this afternoon as previously stated.In case you're wondering, I sold my house in WA and sitting on a bunch of cash, that's why I bought so much GLD. Gotta make some money off of it, didn't want to risk a house (literally) playing with options.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.