This post is for Jake Gint. The man is a master blogger and prescient precious metals trader. I’d like to think I’ve shown him one or two things about trading the technicals, but I probably haven’t. He has been responsible for me having metals exposure in the retirement accounts, and that has been worth its weight in…
Anyway, PDS picked SLW back on 3.10.11, to be entered the next day. The trade will be closed tomorrow. I meant to remark on the setup when it happened, but I got busy doing something else. I bring it to your attention now because I like Jake Gint and I like it when his thesis lines up with PDS picks.
The blue up arrow shows the buy on the open. Right now, the trade is showing a profit of 7.6%
This was a great trade as it only went against the entry price about a point or so before taking off again.
Just curious what criteria has been met to flag a sell? Both silver and slw are in long uptrends. Why sell? Thanks in advance.
Skogie, I would have to kill you 😉
Seriously, the system is a mean reversion, short term system, with the average trade lasting 5 days. It does not attempt to catch major trends, but it will not buy a dip in a stock that is not in an uptrend.
This is one you should keep for the little ones’ sakes.
PP.
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I will due a little DD and likely stake out a starter position. Thanks my friend.
Jake, I have PP as being delisted in 2006?
Shed,
Is the SLW pick is strictly from your ppt screen of all stocks?
Nope, it is done with the Power Dip system screen.
Lol.
“This one” refers to SLW.
“PP” refers to you.
😉
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lol…thanks! That is what you get for pulling punches…Should have just said it!