NexusFi: Find Your Edge


Home Menu

 





The Newmont Diary


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Tiberius with 129 posts (262 thanks)
    2. looks_two aligator with 3 posts (4 thanks)
    3. looks_3 Big Mike with 1 posts (0 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
      Best Posters
    1. looks_one Tiberius with 2 thanks per post
    2. looks_two cory with 2 thanks per post
    3. looks_3 aligator with 1.3 thanks per post
    4. looks_4 RedK with 1 thanks per post
    1. trending_up 17,820 views
    2. thumb_up 269 thanks given
    3. group 4 followers
    1. forum 135 posts
    2. attach_file 212 attachments




 
Search this Thread

The Newmont Diary

  #1 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

Newmont Mining Corp.

This diary is about my NEM trading. I always liked NEM and I like gold. So, I am going to journalize my series of transactions. Let's see what I can do.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Futures True Range Report
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #3 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


I was in/out SWC.

Reply With Quote
Thanked by:
  #4 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


cory View Post
I was in/out SWC.

Thanks Cory, My go to company for PGMs.

Nem in Hungarian means "No".

Okay, let's move on. The first NEM trade, yes? Yes.



I am doing what is called a RadioActive trade. But it is my way of doing the RadioActive trade. RadioActive meaning the decay of the option premiums. Isn't that clever? I have 200 shares of NEM married to 2 DEC 12 60 puts. When I bought NEM, I did it with a BuyWrite, selling the May 11st 48 calls. With the 2 puts, I have limited downside. The 60 puts have a Delta of .80 so if NEM raises a point the put only declines .8 of a point. Also, I am writing the weekly OTM options against the position, as with this BuyWrite, to generate weekly income. With the 48 calls, if NEM trades tomorrow at 48, I will buy 200 more shares to cover the call position and sell two more OTM calls.

When you look at the weekly/daily chart you can see why I married 2 puts to NEM.


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #5 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

so I rolled over to next Friday the triple witch



just some charts I was watching to keep me on the right side of the trade


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #6 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

I wrote the 47 calls Friday vs. the 48s for the better premiums. NEM's looking like it's trying to find a bottom. So I have to be on guard against a quick move up to 47.


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #7 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

popped up after opening lower, so I didn't roll down my calls a notch. I will wait for a clear 2 points before rolling to 46


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #8 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

come later in the afternoon, I saw the market melting down along with the gold stocks, NEM, so I rolled down two strikes for the premium. 47 to 45. Now I must guard 45. It's like playing 21, when the dealer collapses, jump on it.



Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #9 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406

NEM was UP all day long



I will look for the bottom to hold. Most likely a little early ..................


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #10 (permalink)
 
Tiberius's Avatar
 Tiberius 
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
Posts: 1,552 since Feb 2010
Thanks Given: 2,984
Thanks Received: 3,406


I traded NEM. It is just all over the place on the price ladder, so I used a STPLMT order. If my trade failed, I wrote the 44 calls since tomorrow is options expiration and it costs a dime to call 100 shares. I am a point and a quarter above 44. I tried the 2 range and 4 range, but they are choppy, so I settled on the 30 second chart.



I have enough juice in my account for another 200 shares which are needed for straight trading and at the end of the day to write 2 calls for next week, if NEM stays above 45.



The 30 second chart trades well, just read it and trade it. But price moves fast............

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on November 1, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts