Gold calls.Long term -medium term and intraday calls in gold is here !.

Calls/Signals provided by "sujithsstorock" have earned me profit ?

  • YES

    Votes: 51 36.4%
  • NO

    Votes: 89 63.6%

  • Total voters
    140

sujithsstorock

Well-known member
Jun 21, 2008
4,234
42
58
www.activeintl.com
The following is a private message that i got from a friend of mine. I couldn't explain it in a simple and lucid manner.Can anyone of us please explain it in detail though , very easy to understand.

"I am a newbie and trying to understand gold trade but kinda confused here if its not to much could you please explain me what you mean by :
Sell gold at 820.5 $.Stoploss 822.5 $. Target 818.5-815-812-810-808-805-799 $
and also this one Today's total profit . . Shorted at 820.5 and exit at 808 with profit 14.5 $.

Buyed at 808 then my profit at 12 $.

Total 26.5 $

What you mean by shorted and how is profit possible when u exit 808 and 14.5$ profit
Thanks in advance"
 
Jul 28, 2008
48
0
16
Sujith,

Get your friend to PM me and I'll try to help. Is his issue that he doesn't understand what shorting is? If so, then the answer is its the market term for selling something you don't already own. If gold is at 820.5 and I sell it, then if the price falls to 808 then I can buy some and give it to the guy I sold it to, keeping 12.5 dollars per ounce as profit. This only works because I don't have to deliver it at the exact instant I sell it - in the case of futures, the actual delivery might be months away. Even in the case of physical gold, if I buy and sell on the same day then the deliveries will (generally) match up.

As for 820.5 - 808 = 14.5, all I can assume is that Sujith was so excited by today's profits that his fingers slipped on the keyboard and he meant to type 12.5 for the answer!!!

Hope this helps your friend, everyone has to learn this stuff for the first time!
 

sujithsstorock

Well-known member
Jun 21, 2008
4,234
42
58
www.activeintl.com
Sujith,

As for 820.5 - 808 = 14.5, all I can assume is that Sujith was so excited by today's profits that his fingers slipped on the keyboard and he meant to type 12.5 for the answer!!!

Hope this helps your friend, everyone has to learn this stuff for the first time!
thanks mate. I hope he read it :)

gees :D , am terrible with mathematics. Aint i ? Lol
 
Aug 22, 2008
39
0
16
Hi Sujith,

Good call, appreciated.. Is this write time to enter short for 822 $ ?.. with stop loss 830
 

b_p4tel

Active member
Aug 26, 2008
154
0
26
WOW! ive only just discovered this site....and looking at the market and seeing the calls sujit made...pretty impressive.....I shall be monitoring his calls for the next few days nd if all goes well i may just follow!!!! nd thanks!

I also find it amazing that this is only from the charts and you dont rely on the news!
 

TrentT

Active member
Aug 3, 2008
129
0
26
Yes - another astounding day! Sujit called it all the way down - and all the way
back up to the top! Just brilliant - and he sees the news in the charts!

No one does it better, as far as I can see. Maybe novice traders like myself are
reluctant to post feedback for fear of having nothing to add to the thread - but
be assured you are held in awe by myself at least!

Never leave us Sujithsstorock, or at least let us know where yer going! Little guys
like us need help to beat the 'big guys'!

Rock on!
 
Aug 26, 2008
4
0
11
Introduce myself and ask for new thread info

There seems to be no response upon the calls. It seems people are just passing by and visiting our thread rather than benefiting it.

I am consider to shift the thread to a more worthy place.Because i got few people saying this site to be too slow , and its not able to register. If no improvement occurs by august 31th , i would be shifting this thread to somewhere else.

Thanks . Sujith
Hi Sujith I registered here today after following you over here from Kitco. I must say I like what I see and want to keep up on your thread. So if you do move please let me know when and where. Thanks just to let you know I have account at bullionVault where I trade gold in and out of the Zurich vault about 2.5 Kg at a time. I also trade at GFS forex where I can hedge my gold at Zurich if I am unsure about trend. And use there live charts.
 
Aug 20, 2008
14
0
11
California
There seems to be no response upon the calls. It seems people are just passing by and visiting our thread rather than benefiting it.

I am consider to shift the thread to a more worthy place.Because i got few people saying this site to be too slow , and its not able to register. If no improvement occurs by august 31th , i would be shifting this thread to somewhere else.

Thanks . Sujith
I am not sure how people find this site. I saw your postings on the Kitco forum and quickly recognized your talent, followed you here and was blown away at todays calls. I too have had difficulty logging on to this site.

KOG no longer manages his thread at Kitco, rather he set up his own web site and forum. I imagine something like this could be very good for you as well at some point. For the present, I shall stay tuned here.
 

sujithsstorock

Well-known member
Jun 21, 2008
4,234
42
58
www.activeintl.com
WOW! ive only just discovered this site....and looking at the market and seeing the calls sujit made...pretty impressive.....I shall be monitoring his calls for the next few days nd if all goes well i may just follow!!!! nd thanks!

I also find it amazing that this is only from the charts and you dont rely on the news!
thanks for the compliment. You are always welcome :) . I do expect some news that can ruin the game, and the back up plan is -keep the stoploss !.

Yes - another astounding day! Sujit called it all the way down - and all the way
back up to the top! Just brilliant - and he sees the news in the charts!

No one does it better, as far as I can see. Maybe novice traders like myself are
reluctant to post feedback for fear of having nothing to add to the thread - but
be assured you are held in awe by myself at least!

Never leave us Sujithsstorock, or at least let us know where yer going! Little guys
like us need help to beat the 'big guys'!

Rock on!
going down was expected. But we caught all the way up , that was luck ;) . Ya , i expected it to touch till 816 $ , but wow , u got 829 $.

I won't be leaving the thread as of now.Because all the work done here will get waisted.So i personally prefer to be here rather than giving a new beginning.

I am not sure how people find this site. I saw your postings on the Kitco forum and quickly recognized your talent, followed you here and was blown away at todays calls. I too have had difficulty logging on to this site.

KOG no longer manages his thread at Kitco, rather he set up his own web site and forum. I imagine something like this could be very good for you as well at some point. For the present, I shall stay tuned here.
yes , i am planning to set up my own blog or so . . . And make it paid . After few months.