just like ZSL was a great trade/hedge - again taking profits or
keeping some is the tougher question, I had exited mine this
morning and I'm now flat.
that said, another trader who is deciding to hold his SLV for a
long term hold may elect to keep the ZSL as a hedge if he thinks
precious metals are in for a 2 or 3 month consolidation period
before running up again.
or a hybrid trader may sell 1/2 to lock in gains and keep the
other 1/2 with a stop
last comment: again we should all try to devise our own trading
plan, and that may be multiple plans depending on the accounts you
are trading, such as a 401K IRA or a trading account, you may have
different plans and trading styles for them
The mechanical systems, mean reversion and KISS systems follow
hard rules and discipline. We should probably all be more
like the systems as a rule based strategy approach is the best
approach to trading. The systems follow their strategy and rules to
a tee, whereas we human's tend to waiver and get wishy washy and
emotional - it's not easy to set an exact set of rules like the
systems, but we should all try to have more of a systematic
approach to our own subjective trades, and that starts with sitting
down and devising a trading plan and style that fits you - and of
course that's easier said than done and can take years sometimes
and you go through modifications as you learn and go through
experiences
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just like ZSL was a
Steve, Is it a good time to sell DUST?
Posted by matt on 23rd of Apr 2024 at 12:20 pm
just like ZSL was a great trade/hedge - again taking profits or keeping some is the tougher question, I had exited mine this morning and I'm now flat.
that said, another trader who is deciding to hold his SLV for a long term hold may elect to keep the ZSL as a hedge if he thinks precious metals are in for a 2 or 3 month consolidation period before running up again.
or a hybrid trader may sell 1/2 to lock in gains and keep the other 1/2 with a stop
and another trader like my may have exited it all
the point is, it's never one easy answer on exits
last comment: again we should
Posted by matt on 23rd of Apr 2024 at 12:29 pm
last comment: again we should all try to devise our own trading plan, and that may be multiple plans depending on the accounts you are trading, such as a 401K IRA or a trading account, you may have different plans and trading styles for them
The mechanical systems, mean reversion and KISS systems follow hard rules and discipline. We should probably all be more like the systems as a rule based strategy approach is the best approach to trading. The systems follow their strategy and rules to a tee, whereas we human's tend to waiver and get wishy washy and emotional - it's not easy to set an exact set of rules like the systems, but we should all try to have more of a systematic approach to our own subjective trades, and that starts with sitting down and devising a trading plan and style that fits you - and of course that's easier said than done and can take years sometimes and you go through modifications as you learn and go through experiences