Loading ...NFG.TO – for GoldLearner
I’m sure even the best traders will admit they are also students of the market. I have never been a natural trader, but I am always trying to hone my skills.
Here is my most recent attempt to determine buy and sell orders. Of course one should also consider daily and 2 hour charts. There will be noise that can throw one into a bad trade.
Its most profitable, of course, if you catch a through train as it is pulling away from the station. Even so, a sudden turn around can leave one standing on the station platform wondering what the heck just happened.
BTW, I made a similar weekly chart for Labrador Gold.
Cheers – SF.
NFG.TO – WEEKLY
NFG.TO – DAILY
Heartiest thanks, Sir Silver Fox.
From just the slow stochs, right now NFGFF is not in the deeply oversold territory. (Comparing it to your chart, where 2/22/2021 provided the Slow stochs buy signal … it was even more oversold then)
It is however below its lower Bollinger Band (20,2) series, and has been below the lower BB at least six or seven times, since 7/19/2021.
But the BBs today are much wider than back in Feb 2021.
My learning says to buy an initial position in the 6s, and add more if it goes lower.
On your general comment on honing trading skills, I have been incrementally successful since 2018 only, netting a nett green realized gains year, every year since then, and increasing the dollar amount too. My learning is to sell even more into further rises. But greed gets the better of me, and I sell lesser fractions of a position as the price goes higher, rarely exiting the entire position! And Sir Plunger has been advising otherwise. One day I’ll learn!
GL
I have the same problem……..buying just seems so much easier than letting the shares go again…….