psp
Short

The "I can't sleep trade" Shorting Junior Miners

AMEX:GDXJ   VANECK VECTORS ETF TRUST JR GOLD MINERS ETF
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5
194 5
Shorting juniors using long JDST . Trade will be invalid based on a daily close above the trend line .

Tips:
Don't use margin
Trade with what you can afford to lose
Expect extreme volatility
try to get some sleep ;)


Comment: Soon....

Comment: Putting in a stop loss to protect profits
Comment: Taking 25% off the table at $65.50 - nice profit
75% position still with stop loss moved up to lock in profit
Trade closed: target reached: Decided to close trade - normally would allow stop loss to take me out but - will look to re enter later ;)

JDST Awesome profits ;) in a short time frame.
Comment:

Been day trading (scalping JDST) to catch some of this move. Fewer trades is always better, but GDX wasn't playing along so well nor was gold until after the US trading session today. But, some profits are better than no profits.

Trade well
time to re enter ? : )
Reply
psp DenverNugt
@DenverNugt, I have been day trading it to the short side. i will post a chart
Reply
psp DenverNugt
@DenverNugt, I should have stated I have been day trading it based on a short set up on GDXJ. So, to be clear.... long JDST
Reply
Also shorting but they have some space to run. Mondays are usual selloff days but if consensus will keep pushing them up - after all after every FOMC rates raise selloff gold rebounds within 4 weeks, there will be some exhaustion -> selling, I plan to add more to the shorts. Eventually it will go back down before the end of summer. Keep it cool psp :)
Reply
psp Pinokio
@Pinokio, Cheers mate - trade well
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