Looks like you're paralyzing yourself with over analysis. Why
don't you use the chart that you've drawn yourself? If we pullback
to support you can take a position with tight stops below. If
you're afraid that the train will leave without you, start
averaging in now. Size your positions to manage your risk. Have
your stops in place. Since you wish to swing trade, if the position
moves in your favor look for a method to pyramid up (lots of info.
out there on this). This way you trade the chart and you'll have a
trading plan. Good luck.
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Looks like you're paralyzing yourself
Bias against gold stocks -- help!
Posted by Vida on 11th of Feb 2011 at 11:39 am
Looks like you're paralyzing yourself with over analysis. Why don't you use the chart that you've drawn yourself? If we pullback to support you can take a position with tight stops below. If you're afraid that the train will leave without you, start averaging in now. Size your positions to manage your risk. Have your stops in place. Since you wish to swing trade, if the position moves in your favor look for a method to pyramid up (lots of info. out there on this). This way you trade the chart and you'll have a trading plan. Good luck.