Monday, August 17, 2009
THE RETRACE POINTS ON THE WAY BACK UP ARE NOT THAT FAR AWAY BUT DON'T OFFER THAT MUCH PROFIT
$100 profit per dollar move up in gold isn't that much
unless you have lots of contracts or the move is many
dollars in length. The way gold has been trading makes
you HAVE TO TAKE your profits quickly on these small
moves which chews up your profits in commissions and
possible small losses along the way.
If you can get a low buy in and hang on for the long run up
it will pay off and be less stressful. Just don't over buy or
over margin yourself.