OffTheFloorTrader

We got it...no, wait...

COMEX:GC1!   GOLD FUTURES
Whippy stuff. We got short (from a smaller time frame) in the consolidation with a tight stop. As we broke out we were able to take some off the table...but the buyers stepped in and ran it back into the consolidation and took us out of the trade. Not a a great trade considering it is still falling. But no damage was done. LESSON: Know you trade!! We like bigger pullbacks and small consolidations after big moves are not our favorite (especially in GC1!             ). We will trade them but with smaller size and tighter stops. So we wait and watch for another opportunity. That's trading!
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