I cashed out after lunch because RSI and MFI hit overbought. Chances are we won't see much of a dip if it behaves like it's been behaving, but I had waaaay too much money in it to take a chance.
Might just do options next time and not bet my house, lol. Plenty of money to be made without throwing $700k into it. (I had 2k shares of GLD)
Might just do options next time and not bet my house, lol. Plenty of money to be made without throwing $700k into it. (I had 2k shares of GLD)
Note
Will re-enter when MFI hits oversold again.Note
Amazeballs.... GLD is up another $3 already. Almost looks like people are dumping crypto and going gold.Guess I should've held, but every time I get greedy, I get burned. At least we know my buy indicator works.
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Looks like GLD will gap up even despite the big drop. That drop is what I was trying to avoid. I would've been staring at futures all night, lol.Note
It only takes a day or two for MFI to hit oversold
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.