A day trade: Short on GDX
Pascal
A day trade: Short on GDX
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
Closing the trade and reversing to long on a positive divergence.
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
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