Feel free to bring up or ask anything. I may not be on here too much tomorrow with the tourney starting.
These next two days are my favorite days of the year!!!
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Posting of Real-Time Trades and a VERY SIMPLE technique that makes TRADING SIMPLE!!!
5 comments:
My gold broker said that 920 is the bottomof the trendline for gold and to wait to buy til tommorrow...if trending up than buy if down watch for the 920. fyi
mdp
Hey Joe, Haven't been around much today, but I sure do have an eye on this market. A lot of paper losses right now but I'm not selling anything. I wish I stood back and looked at the big picture rather than getting caught up in all the financial turmoil.
I just loaded up on kgc, gg, and auy today. This looks to be a repeat of action on March 3rd. I'm not worried about a longer term correction. Financials falling apart in late day trading, wish I got some skf at todays lows.
As for getting emotional, everyone is allowed mistakes, it's just those that don't learn from them that it hurts. I wrote down everything I did wrong this week and will be keeping those mistakes in mind. I know your type, I think this week will only make you a stronger trader.
As for march madness, I just moved the TV to my room in preparation for tomorrow. Can't decide which is more important, so I chose both.
You sports guys are funny..no offense..
My addiction is my wife..lol
mdp
I realize you don't follow Sinclair, but one thing he says that I think explains the market's action is 'Black Box' trading.
All those 'smarter-than-us' trading houses who set up algorithms to decide when to buy/sell/short and automatically trade are what make the market do silly things. They remove the human element from the mix. If human emotions were in there it would be a little more predictable.
He says that if they'd get rid of the black boxes they could break the back of the gold cartel. Just when the cartel is on the ropes, the black boxes start selling. If they were to hold, the commercials would have their head handed to them.
It's just another opportunity for the commercial shorts to cover.
It also gives us volatility and that's where money gets made. I'm looking to hop on SKF, and DGP maybe tomorrow....
I bought another block of skf at 115.69 when it broke out and kicking myself in the butt for not getting more at the low, of course if it goes down the above is moot.
mdp
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