professional traders are assigned to trade, they are not descretionary traders if you work for a company. if you are home trader trading your own capital yo u can do whatever your want.
Gartman says gold is going loooooower
- Thread starter stock777
- Start date
also, people who trade for a living ,trade the same instruments everyday.
i guess your not a 'real' trader.
your a hometrader. homey
your a hometrader. homey
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Perhaps that is easy for you to say/write,Trader J;;
are you one of those long term trend followers/medium term trend followers???LOL
Yes, i see your points.Well in fairness, even on a long termUptrend + medium term uptrend ; plenty of red monthly candles[lower gold prices]
Merry Christmas/UPtrend again.Not a prediction; wisdom is profitable to direct.
1150 by may
I hope that was a typo. 1350-1400 easy by end of year.
doubled down DUST @$28
expecting it to be @$50 by may
My analysis is based on historical patterns and present market volatility. What is yours?
Gold can't go higher with an improving stock market, and low inflation.
What historical patterns? So you are making a bet on the stock market improving?
Personally it looks to me like you are doubling down in the middle of a consolidation pattern. If you are using the miners as a synthetic gold short that isn't the smartest thing to do imo. Look at the way they traded in relation to gold in '00 and '01. The miners can outperform gold by quite a bit.
So about this historic pattern I follow - I look at what people on ET are going with and do the exact opposite. This has worked out well for me so far.
Eurozone inflation falls to .7% in Jan
Time to make profits shorting gold.
Time to make profits shorting gold.