|>> || 1454555950505.jpg -(217080B / 211.99KB, 1630x900) Thumbnail displayed, click image for full size. Fledgling trader here, most of what this other guy says I feel is accurate, although I do think owning physical gold isn't a bad idea (silver has far more upside), and is an easy, practical way for poor bastards to start saving. It'll retain long-term wealth far better than fiat in a bank account ever will, if you've only got an extra hundred a month to save/invest consider buying some physical silver. The spot price for silver bottomed ~$8.50 during the '08 crisis, and by '11 had exploded to $48. Now in '16 the price has been hammered down to $14, anywhere between here and $10-12 seems like a trustworthy price to accumulate at. Be sure to save the receipt for tax purposes. |
Admittedly I started off trading with bitcoin, just because it was easy to get into and I thought it was cool. Gotta say, was the best introduction to market behavior I could've asked for, made a ton of money, subsequently lost a ton of money, through a combination of blind luck and discipline I kept myself in the black but if I had been more learned I'd be sitting very pretty right now. Looking back, I was buying/selling at least once a week (sometimes every day), where if I had instead moved my wealth around once every month or so I'd have had just as good opportunity to profit, not to mention paying a lot less in fees. It's a lot like hunting, you don't just walk into the woods and start blowing ammo everywhere, lay in wait for the right opportunity.
I've signed up for options trading but haven't pulled the trigger just yet, still learning the finer nuances of how it works and checking out what exactly I want to try buying puts on. I'll post my trades here and we'll see whether or not I lose my ass. I missed most of the obvious peak, currently I dunno if the SPX is gonna try to make another wild break towards 1950 or meltdown to 1850, gonna wait and see. If by some unholy miracle it returns to 1950+ again I'm gonna gamble on some SPY puts.
The other guy's figure of a $20 bottom seems accurate to me, here: https://www.tradingview.com/chart/?symbol=NYMEX:CL1!
Look all the way back before oil got pumped up to $100+, historically the accepted price was between $15-30. If this $30 price doesn't hold, it'll probably fall to and languish at $25-17 range until climbing back up, if whatever the fuck force that pushed it to $100+ is still operational, people were still buying it over $100 so probably. I know fuck all about the news behind oil, I just pay attention to price levels. All price operates within a channel, determine where the boundaries of that channel lay and you can make some pretty decent bets. It really is possible to trade using only a chart, or at least it's the foremost resource you should be paying attention to.
Also, interesting pic related, the holdings of Bridgewater (one of the largest hedge funds around) from Q3 last year. They dumped most their ETF's, interestingly enough their largest acquisition during that period was in a company that provides security services.