GDX

[Pascal]

A day trade: Short on GDX


Pascal

14982

[Pascal]

We have had already two consecutive signals of weakness today.
This day-trade will be closed today. This weakness does not mean that we will gap down/go down tomorrow.
You will note that even if we hit the 46.41 stop, I did not exit the trade there, since I do not use hard stops.
On human managed day trades, flexibility on the stops is necessary.


Pascal

14984

[Pascal]

Closing the trade and reversing to long on a positive divergence.

Pascal

14986

[Pascal]

Closing this last long trade, because of a negative divergence.
Not clear if large players have anything in mind.
We are now after 14:00, which makes day trades increasingly difficult to manage because of EOD tactics.


Pascal

14987