One observation I'll point out that I've noticed over the last
20 years, is that this group is one of the most difficult to swing
trade. That said, once in a while when the mining stocks go on a
tear, they will tend to go farther and higher than you can imagine,
you think they are overbought and they keep going.
pointing this out for guys who are trying to swing positions in
this group.
again what makes trading difficult is not the entries but the
exits and scaling out. If you are a short term trader, it's no big
deal you get a nice trade, take your profits.
But if you are trying to ride a bull run move, you might sell
and take profits with the intent on buying an ABC pullback, and you
are way too early and it keeps going, or do you sell partial and
keep a core holding, then look to buy pullbacks. Or do you just
stay put - these are all things that make trading complex and
things that you have to personally decide on
miners continue to push
Posted by matt on 9th of Apr 2024 at 09:42 am
GDX - Chart Link-
GDX - Chart Link-
AG - Chart Link-
WPM - Chart Link-
FSM - Chart Link-
One observation I'll point out that I've noticed over the last 20 years, is that this group is one of the most difficult to swing trade. That said, once in a while when the mining stocks go on a tear, they will tend to go farther and higher than you can imagine, you think they are overbought and they keep going.
pointing this out for guys who are trying to swing positions in this group.
again what makes trading difficult is not the entries but the exits and scaling out. If you are a short term trader, it's no big deal you get a nice trade, take your profits.
But if you are trying to ride a bull run move, you might sell and take profits with the intent on buying an ABC pullback, and you are way too early and it keeps going, or do you sell partial and keep a core holding, then look to buy pullbacks. Or do you just stay put - these are all things that make trading complex and things that you have to personally decide on
Update: miners continue to push
Posted by matt on 9th of Apr 2024 at 10:09 am
PAAS - Chart Link- nice continued move on this weekly silver stock
Yes that one is a
Posted by srusso1 on 9th of Apr 2024 at 10:15 am
Yes that one is a good move so is CDE took some profits. Like to see pull back to buy back in. Thanks Matt