diogenes: you in?
GDX
Started by
diogenes227
, Oct 30 2008 09:33 AM
22 replies to this topic
#22
diogenes227
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Posted 24 November 2008 - 01:16 PM
diogenes: you in?
Was in. Now out.
Went in on the open Friday when the GDX held its open but didn't have time to post the trade -- too busy playing the general market on that opening blast (SPY, SSO, QLD, and big basket of stocks, CME, BIDU, GOOG, MA, AZO, AAPL, FSLR).
Metals (like almost EVERYTHING) got overbought in a hurry (which was, of course, great!) so sold half a while ago at equivalent of GDX of 25.67 and the other half at 25.35 on day-trading signals.
If the GDX continues to firm might be back again on a day-trade long signal. Metals, which are basically tracking the general market and doing a great job of it, look as if they have plenty of room to move to the upside. What a great bounce this is!
Good trading to all gold longs!
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#23
dougie
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Posted 02 December 2008 - 04:07 PM
nice close. tomorrow is the tell if this is a 3 up
