I only had a few shares anyway totaling about $3.5k not big deal (and that's part of the money i used to study the market realtime in first place and i'm glad to meet DUST on march 16), i sold the 75% of my shares at $10.50 before this last split and let the rest run just in case a reversal in gold..i didn't lose all my investment and at the end i will lose an average of 50%....
About long term that's like don't buy pennies, i will not hold anything until i get some experience with the market and that require time, and time is just starting with me, so no way i hold nothing for now, i close whatever position i have before market close.....i will scalp but not like crazy, i will make between 5 - 8 trades per day for any profit earned...i have automated STOP and Profit Goal for each trade i make.....i'm not to happy for using stop because is unbelievable how the market goes to your stop and bounce after, i just need to readjust some things about it and i'm working on it.....anyway i have too a profit goal daily and weekly if in case that number is reached i will stop trading until next day or week.....
Gold reach minutes ago mayor support area around 1315.5 i don't think will go down more than that today, should be bouncing but anything can happen.....
P.S: What a beautiful downtrend today in GDX and noted that since July/August last year GDX don't touch RSI below 30, so happy birthday to GDX under 30 RSI....hehehehhe......weekly chart on GDX is amazing check that please...still thinking that $22 is the perfect area when GDX should bounce and due that is oversold that $22 is exactly the 50% retracement on fibonacci since the beginning of the uptrend and using weekly chart, and i have an exponential MA 100 with that same price....and this week started under the middle of the bollinger band than usually mean downtrend is coming until reversal signal..last week MACD cross down nicely and beautiful in weekly chart...there is to many pattern signaling and confirming the reversal.....but hey anything can happen with gold and changes are very quickly
