bottoming
#171
Posted 14 July 2011 - 11:41 AM
#172
Posted 14 July 2011 - 01:49 PM
dougie, i threw my turban away!dharma: if we assume August high, that would auger for s serious pullback, but for how long do you think?
dharma
#173
Posted 14 July 2011 - 02:15 PM
dougie, i threw my turban away!dharma: if we assume August high, that would auger for s serious pullback, but for how long do you think?
dharma
dharma
#174
Posted 14 July 2011 - 07:44 PM
#175
Posted 15 July 2011 - 10:01 AM
#176
Posted 15 July 2011 - 10:34 AM
#177
Posted 15 July 2011 - 12:34 PM
#178
Posted 15 July 2011 - 01:14 PM
yes, i had to learn that one as newbie, late 79 -early 80 i did a string of those. and if you are not over trading, then you notice its better to just hold. and that is the hardest thing. the trader always feels they have to be doing something. the truth is , in a bull market the best performance is find good stocks, buy em right, and just hold em. the problem today is there are many new explorers in all parts of the world . so knowledge of the miners is an evolving process. no one said its going to be easy. and when the bull is finished and we look back @the chart. its going to be quite easy to say , why didnt i just hold em!man is that a hard lesson to learn though~~~
every time i sell i buy back higher
ckg, Ngd, etce et cecetc
dharma
what if it is a mirror of last time w/the miners rising for 9-10months while gold/silver have topped and starting on the downside. think that is going to be easy?
#179
Posted 15 July 2011 - 02:06 PM
yes, i had to learn that one as newbie, late 79 -early 80 i did a string of those. and if you are not over trading, then you notice its better to just hold. and that is the hardest thing. the trader always feels they have to be doing something. the truth is , in a bull market the best performance is find good stocks, buy em right, and just hold em. the problem today is there are many new explorers in all parts of the world . so knowledge of the miners is an evolving process. no one said its going to be easy. and when the bull is finished and we look back @the chart. its going to be quite easy to say , why didnt i just hold em!man is that a hard lesson to learn though~~~
every time i sell i buy back higher
ckg, Ngd, etce et cecetc
dharma
what if it is a mirror of last time w/the miners rising for 9-10months while gold/silver have topped and starting on the downside. think that is going to be easy?
dharma:
I always start small and then add based on chart action in building positions - stop-losses are normally mental only, otherwise you can get whipsawed out of your position - I also take "partial profits" along the waypoints. Keeps me "in" core positions.
For example bought Exeter Resources for the "spin-off" of Extorre (0.5% position). Doubled-up on breakout of wedge last summer and again on the breakout in February - now a 5% position. Have been contemplating taking some "off the table" for Wave 4 - not yet though. Counting Waves and using trendlines helps me manage risk and build positions.
http://stockcharts.c...5905&r=5895.png
stubaby
Note: Added to existing positions in SSPXF end of last month and RIOAF during the April swoon - both were easy BUYS, but HOLDING the existing shares down to the entry price was the difficult part for me. Adding to winners and selling losers sounds easy, but it's really the hardest thing to execute!
#180
Posted 15 July 2011 - 02:08 PM