I like to see your strategy with pinks unfold. I've especially appreciated seeing your leaking and adding strategy. I've been hoping I could grasp the reason(s) for your decisions well enough to make a trade myself. It's a different paradigm. Have you ever made a checklist of factors that influence you to buy a pink at a particular time?
I have at least two-reasons for any trade I take.
Today, I followed you into USLV with 1/3 position. My 3 reasons were:
1) High volume red hollow bodies (RHBs) are a high % indication that a bottom is near. I prefer high volume RHBs to higher volume hammers.
2) I could make a plan to scale in all the way down to a worst case scenario SLV 14.50 that I would be comfortable holding until I at least break even with the USLV. Given the volatility of Ag, there is little doubt that I will lose.
3) I have confidence in your trading. If I get a better starter than you were so generous to reveal, I highly doubt I will lose. BTW, I started at 9.56
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.