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REPORT ABUSIVE REPLY
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Message Subject
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Poster Handle
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Punk-A$$ets |
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Post Content
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I didnt mean trading was easy, just the plan. Quoting: Punk-A$$ets When I said that I 'sell' that was of course trader's talk that means I actually bet against gold either by selling it short or buying an instrument that tracks gold inversely. Sitting around waiting to go long and bottoms and sell your long position at tops is a waste of time. And very few people are any good at calling tops and bottoms. We'll, thats exactly what I do and am doing pretty well at it. I am a trend follower, obviously. The recent rally from the end of the year to march and then the one from June till a week ago were huge profitable moves. I'd rather be in at close to the bottom as possible. Why wait until the rally is half done or worse, buy at the top? Maybe I dont understand your post but IMO patience is key for what I am doing. Admittingly I dont have the confidence to play inverse ETFs as much at the top because it scares me to be short a market that blasts off and gaps up like the miners have been doing.
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