7.18.21 GDX : This market can be a tradable market. You can look at the daily and weekly charts and see this. There is a more important reason to talk about this market. There are things a trader can do that can actually sabotage the ability to be profitable because the trader is so risk adverse, that trader will add indicators and filters that result in avoidance of taking trades because of an overwhelming fear of losing trades. This decision could even be conscious or unconscious, and even unintentional, but the end result will create a lot more work, and fewer trades as well as losing trades. The impact of taking trades that have a high probability of be stopped out and not producing acceptable targets can result in strategies that will slow down the trading, but they never really address a meaningful understanding of market dynamics that actually help you find a good trade with a reasonable stop and a decent target. If you really fear the market, you will find ways to slow down your trading. The problem is that this will not help you find a high Quality trade. I believe that certain strategies show that the trader is trying to avoid losing trades, and stress, but may also indicate that he may not have an effective awareness of price dynamics, or structure, and other factors that would be helpful in finding quality trades. However, you can certainly work hard, and have good intentions, but never really figure out how to find the trades that are more reliable, and therefore give you more confidence because they will find your trade location, and result in a decent target in a manner that will give you a higher probability for success. It is important to avoid losing trades, and it is important in finding trades that give you a good profit for the risk you are taking. Choosing bad tools can ruin you as a trader.