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Shorting Gold and covering Facebook long

I have been busy writing and setting up the new chatroom software so I have not updated as much as I should. My wrist issues continue to be an issue as well.

I covered the facebook long at the end of yesterday and today I shorted gold near the hod by buying puts, I planned on writing a credit bear spread if I held over the weekend but I simply covered out of frustration with so many things going on at once. I have found I do my best trading when I am only trading.

Post Tags: 
Gold, Oil
Gold gets overbought and I make a little from a scalp
Stock Ticker Symbol: 
GLD
USO
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Comments

jorgecaj
Offline
Joined: 2012-05-22 19:19
you could have made more taking my advice and going long gld.. i told you you were wrong on gold... Your trying to make pennies by going short GOLD? Dont know what you see. My recommendation to you is do in the money leaps on GLD .. you wont have to worry about pennies when you will be making dollars. The move on FB is to go short until it hits sub 20.. You can take these to the bank.