Pascal
08-13-2015, 03:13 PM
One characteristics of this market is that we cannot be confident that a reversal will last longer than one day.
For example: GDX gained more than 6% yesterday and then reverted back to its breakout point today.
Very difficult to trade these one-day mini-trend, except for day-trading algos.
We either need to anticipate a potential gap or be early in "a story".
Earning misses are good stories to ride, if the entry is not lower than 3% below the 5MA.
Pascal
31723
For example: GDX gained more than 6% yesterday and then reverted back to its breakout point today.
Very difficult to trade these one-day mini-trend, except for day-trading algos.
We either need to anticipate a potential gap or be early in "a story".
Earning misses are good stories to ride, if the entry is not lower than 3% below the 5MA.
Pascal
31723