what you said makes a lot of sense i like the analogy of
teaching you to fish. this site seems like a lot goes into keeping
folks up date and on top of the markets. and yes there are lot of
folks wanting to take your money. so i will listen learn and
watch.
Posted by hawkinslf on 13th of Jan 2015 at 02:14 pm
So glad to have you aboard.
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.
Thank you more the excellent reply!
so i looked back being new here and i dont see HMY on the trade ideas
Posted by urubu7 on 13th of Jan 2015 at 01:47 pm
what you said makes a lot of sense i like the analogy of teaching you to fish. this site seems like a lot goes into keeping folks up date and on top of the markets. and yes there are lot of folks wanting to take your money. so i will listen learn and watch.
thank you
My pleasure
Posted by hawkinslf on 13th of Jan 2015 at 02:14 pm
So glad to have you aboard.
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
yw...urubu7
Posted by steve on 13th of Jan 2015 at 01:54 pm
yw...urubu7