kimberly - also these messages are best sent to us privately so that we can try to help you vs the blog where we might not see it in after hrs if it gets drowned out by other posts and I dont' want a multiple conversation drowning out other posts.  send us a pm, just click on the icon that looks like an envelope and send us a message, I also gave you my email. you also have your own private inbox, see the left hand side under tools

and regarding your GDX position, you need to manage it now.  If you have not done so, put a stop loss on your trade immediately!  Do NOT wait, put it in now, pick a number that you feel comfortable with, not having a stop loss in place is what the 'masses' do and you don't want to be like them.  

also you have to realize that GDX is moving very quickly with large volatility, therefore we might be looking at one possibility one night only to have it completely change the next day with a huge move.  Honestly novice traders should really avoid trading it at this point, it's like playing with fire every day.  Also we have been quite clear that any trade is just a trade, NOT a swing trade, and quick trades mean that you have tight stops and an exit strategy before you even enter it.  GDX is in a major downtrend, it's not something that you buy with out an exit plan and you need a trigger to buy, and again we've been pretty clear that an aggressive long trade is for aggressive traders and the trade would be a short term trade, not a swing at this point.  

therefore what you have to do now is manage your position, decide how much room you want to give it and put a stop in place.  Worst case you get stopped you you can always buy the damn thing back.  Steve and I get stopped out all the time only to buy back sometimes at higher prices, but we are OK with that if we feel like the chart looks better and is more likely to go.  Right now trading GDX is picking bottoms, and we are not about picking bottoms or tops, amateurs do this and lose money, while the pros simply play the trend and at major tops or bottoms they hedge their positions.

kimberly- I have no idea what you are taking about?  Also you are on a free trial and have not really been here long enough to perhaps understand wave counts and how the site works etc.  

While I agree that Steve and I should be on the same page, in fact I think we are!  When Steve does his newsletter he listens to mine and vice versa, I listen to his, we often follow up on each other now.  

I went back and listened to what I said last Wednesday and I didn't say anything like that, Steve and I have been stressing how GDX and these gold stocks are in severe downtrends for a long time; now have we looked for bottomed action along the way, yes, but we haven't gotten it.  last Wednesday I pointed out the bear flag pattern and I said that I would like to see another sell off to form perhaps a divergent low on the 60 min chart or form that bull wedge pattern we had drawn at that time - however the sell off that occurred was too deep and blew that pattern away.  You need a trigger to buy and there as not been a trigger.  On April 8th I showed a 15 min chart and that played out of nice trade, but it was only a 15 min chart and it played out to target.

also you have to realize that GDX is moving very quickly with large volatility, therefore we might be looking at one possibility one night only to have it completely change the next day with a huge move.  Honestly novice traders should really avoid trading it at this point, it's like playing with fire every day

It sounds like you own GDX, I have no idea what price you own it at, why you bought it, when you bought it, and when you did buy it, what was your exit plan? Always always have a plan, have stops in place.  We have been clear that this is a sector that novices should avoid trying to pick bottoms, any long trade is just a trade at this point not a swing trade.  We have stated that until GDX had a good reversal and bounce, that swing traders should look at buying a higher low with a stop, playing with GDX now or last week is not for folks who are new at this and don't have a trading plan, use stops etc.  Steve discusses a lot of this in his private tutorials about what to look for when swing trading, which take 2 - 3 hrs, however these are only available to paying members because of the time involved.

I'm sorry to hear that you are sitting on a loss, but it also sounds like you didn't have a plan in place, didn't use stops etc, and again I have no idea when or why you bought.

you can send me your trade details to : bptrades@gmail.com, and we can discuss further