Today was a great reminder for me on why I continue to invest in this site. I bought 300 shares of GBX yesterday with a great entry, instead of AUY which I have always bought (thank goodness as AUY crashed in the early premarket.) AUY was a warning regarding GBX as it started down after a brief high when the markets opened. I focused my attention on it watching it closely follow the 9 sma up and then the 9 sma down. With a big red nasty candle developing in GDX daily today that Steve noted in the trading community, I just sold 200 shares of GDX, keeping 100, with a hope that GDX will reverse, and at the right time, I will go back in, buy 200 shares of GDX, lowering my cost basis. Though this looks like a trade strategy, I really want GDX as an investment strategy in our retirement acct, wanting to rebuild a little in precious metals to diversify the rest of our retirement. The original 300 shares was the beginning of developing a larger position as I was going to layer in to this position. I never would have figured this out without the Matt and Steve's mentoring.

Best wishes

Mentoring

so i looked back being new here and i dont see HMY on the trade ideas

Posted by hawkinslf on 13th of Jan 2015 at 12:31 pm

The mentoring you provide is critical but the many tools you guys have worked so hard to develop are the services that sets you and Matt apart.

Welcome

so i looked back being new here and i dont see HMY on the trade ideas

Posted by hawkinslf on 13th of Jan 2015 at 12:01 pm

urubu7...as a long time member, welcome to a fascinating group of sophisticated individual investors who share and learn from each other. I rarely respond on this trading community, opting to learn and monitor. That said, I thought it might be helpful to share with you my experience as a member.

Years ago, we relied on registered investment advisers discovering that, generally, they had more incentives in selling their book, rather than keeping our best interests at the top of their mind. In 2003, after loosing lots of money with registered investors who had lots of excuses, I resolved to take control of our future. With a MBA under my belt, I had to learn that it wasn't what I knew, it is what I knew that wasn't "so". If I make a mistake, it only takes one time for me to learn what I need to learn. What I have done is not for the weak of heart. It should be someone who loves learning trying to make sense from the psychology & economic trends in the markets, using technical analysis, which I can then can use to my advantage. It takes lot of my time, my choice, as Matt and Steve have shown us ways of using this site if you are still working a day job.

Matt and Steve, and the trading community posters are on the right track, teaching and sharing how to "fish" rather than selling me the "fish". Over many years, as this site has evolved, my ability to manage our financial future has significantly improved with the site's evolution. What I have learned is to separate funds into investing for the future and trading for the present (I am a swing trader....tending to be patient (my friends call me "Diana, the huntress", buy and hold until circumstances dictate a change). Sometimes my caution causes me to loose out on opportunities (an opportunity cost), which I constantly fight with myself striving to keep the emotion under control. I have learned to keep my portfolios diversified recognizing that I am not perfect. If you are interested in taking control of your financial future, then this group is for you. It will not be easy. You will need to have a long talk with yourself and decide what your trading objectives are. There is much to learn but you will develop confidence that you can actively, profitably manage your financial future, forever, and not rely on others to tell you what to do.

Best wishes.....hope to hear your insight in the future.

Linda