Margarine

Platinum Longterm Long timestamp

Long
TVC:PLATINUM   CFDs on Platinum (US$ / OZ)
Platinum is cheaper than gold? that's silly. Bunch more reasons to go long, but I just want to share my bets.

Also, if you want to hedge USD hyperinflation risk, and you don't want to buy more cryptocurrency, maybe think about adding platinum to your portfolio?
Comment: Moving some of the stops up towards $758, hasn't moved quick enough so far. What I take off early will be used later--this is all part of a long term metals trade

Holding platinum is trying to avert risk from the Fed buying treasuries (aka printing USD and giving it to the Gov)
Comment: It doesn't look good on a small time frame, I'm moving my stops real close to current price
Comment: Entry around $816, current price around $873. The whole trade is still on, but everything's set to breakeven.

Not getting my hopes up. A stop run of $750 seems pretty likely, but that's nothing to fear now :-)
Comment: I’m over 1 R:R so taking risk off is a fine idea. also, moving some stops up above breakeven—going lower here would imply sub $800 where I can try again.
Comment: every stop is being moved to break even or in profit

Comments

Is it better to buy lower at 785 entry level?
Reply
Margarine mehmetgdogan
@mehmetgdogan, I don't know what's better or worse, that's dependent on the context in which you trade. I'm not qualified to make that decision for anyone else, just for myself.

As mentioned above, I'm treading carefully, moving my stops up much closer to the current price, between $758-$780. My suspicion is if we break through my those levels we'll get to atleast $700--maybe lower.
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Spot on analysis, thank you
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