Trader’s Log: Interesting USO, Bad GDX
Some interesting thing i notice about USO. It looks like another day another 50day EMA test for USO. Watch the previous few price action and you can see that you should expect a big selling at the moving average rather than buying. Should it be a successful breaked, look for it to correct back to settle on the moving average.
In contrast, my GDX trade have gone bad. My stop loss have been reached but i am giving this trade a few more days. If it moves below 31 dollars, i will close it for loss.�
Gold stocks have a certain characteristic which is to really whipsaw and throw traders off.
Related posts:
- Trading Log:Straits Asia Trade Review
- Trading Log: Review of Capital Commercial Retail REIT
- Are you watching the World Cup traders?
- Trading Log:Cut loss on CapitaRetail China Trust
- The most interesting paragraphs out of the report.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment