Matt: I'm new to your site

    GDX and DUST follow up

    Posted by tommcadam on 25th of May 2020 at 03:11 pm

    Matt:

    I'm new to your site as of today.  

    Did you stop-out of DTIL on Friday?  If no, at what price is your current stop out?    

    DUST is well below its MA 50 & 200.  Are you long DUST?  

    Please update me on your current opinions on both.

    Thanks!

    Tom

    Hello tommcadam- welcome and nice

    Posted by matt on 26th of May 2020 at 09:24 am

    Hello tommcadam- welcome and nice to see you. First off regarding the trade ideas I don't trade all of them and I don't expect anyone too - we throw them out there because we never know which one/ones will go. 

    as far as DTIL I traded it last week, I know that I mentioned it as an example of one I was looking to buy inside the pattern on a 60 min time frame near those MA supports I pointed out.  I sold it last Thur, it wasn't acting like I thought it should. 

    Plus I had too many open positions: I personally find that when I have too many open trades I don't manage them well as I can't keep track of them, so I will just just selling a bounch of them if they are not really pushing in order to cut my number of positions ways way.   that's just me, everyone's different.  I generally suggest new trades only try and trade 1 - 2 things at one time until they get a rhythm going and develop their risk management etc.  

    what I didn't like on DTIL was the move up off those MA's it took, I can't really explain it, it's just one of those things after seeing a million plus charts over your lifetime you get a sixth sense for things.   Otherwise the the chart is fine, in fact it's basically just back to where where was.  If I was still long DTIL I'd probably give it at least to Friday's lows for a stop at this point as it's at a place where it should bounce if it's going to.

    DUST - I have some in my IRA not a big position

    regarding DTIL - if you

    Posted by matt on 26th of May 2020 at 09:42 am

    regarding DTIL - if you are still in again  price rallied from Friday as I said it was the price for it to try and rally again, a stop could go there at this point

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