New Trading Strategy<\/p>\n
(no not Pot Stocks)<\/p>\n
OK….The consensus here is we are in a Consolidation phase with in a Bull Market that has years to play out … in the Gold Complex .<\/p>\n
And there’s the rub !<\/p>\n
The Complex !<\/p>\n
It’s complex !<\/p>\n
Most of us want to make a killing in the PM Stocks …so we buy every time there is what appears to be a breakout and then try to hang on while it all disappears on “corrections”<\/p>\n
Some just sit on the PMs and ride them up 100s of % and then back down again …with no exit strategy.<\/p>\n
SOME SAY THEY WILL BUY AND HOLD BUT SELL ON THE FIRST 15% BLIP.<\/p>\n
Anyhow its a tough game .<\/p>\n
I try to hedge and get caught the wrong way and compound the problem.<\/p>\n
So here’s my new Strategy<\/p>\n
$%^*(K the Gold Stocks<\/p>\n
Gold and Silver Miners have been THE worst investment vehicle for ever.<\/p>\n
I will just put 80% of trading capital in plain old GLD and 20% in SLV (for the thrill seeker in me.)<\/p>\n
Tomorrow.<\/p>\n
I’ll let you all know how this goes in about 10 years.<\/p>\n
No more 3X Kakamami Kamikazi bullshit rides to frustration anger and self flag u lation.<\/p>\n
That’s for the unemotional pro’s like Rambus.<\/p>\n
Just Plain Vanilla GLD for me ( IT’s Paper Gold ) …but so is everything else and everything else is just a leveraged version of the basic GLD.<\/p>\n
Everything else in the “Complex” is a derivitive of Gold and ergo GLD<\/p>\n
Some think GLD is evil. I think its the best way to play Gold.<\/p>\n
Phys Gold ?<\/p>\n
Ok have some but that’s not for trading….IT REALLY DOES JUST SIT THERE <\/p>\n
Phys Silver ? ….ever try selling a bunch of it…Backbreaking experience. !<\/p>\n
GLD with a little SLV ( on the side) ( to add the spice)<\/p>\n
Hold until the Chart Wizards in the Community say sell….2 years 5 years 10 years ?<\/p>\n
Its boring that I am looking for.<\/p>\n
In and out trading is exhausting.<\/p>\n
KISS <\/p>\n
Any intelligent fool can make things bigger and more complex … it takes a touch of genius — and a lot of courage — to move in the opposite direction.<\/p>\n Albert Einstein<\/p>\n","protected":false},"excerpt":{"rendered":" New Trading Strategy (no not Pot Stocks) OK….The consensus here is we are in a Consolidation phase with in a Bull Market that has years to play out … in the Gold Complex . And there’s the rub ! The … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/10\/gold-3.png\")
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