Hooligans Sportsbook

RageWizard

  • Start date •
  • Replies
    3 Replies •
  • Views 771 Views
Follow
I lost about 10 dimes, and I was lucky to have stop losses in or otherwise, it would have been about 30 dimes. The few stocks that I am long in still have come all the way down to my limit so unless there is a dead cat bounce tomorrow, I will be in for some more pain.
 
Days like today teach me a lesson.

Todays lesson is:

Just because I think that the dollar is about as high as it will get, the charts tell me that the 25 day moving average is above the 50 day moving average which will give the dollar support thus not letting the dollar fall fast.

And, just because AUY was on top of the 200 day moving average, and the stochastics for AUY are on the botton while the stochastics for the dollar are on the top, doesn't mean I should load up on commodity stocks because the 25 day moving average is still under the 50 day moving average which will cause resistance to the AUY price increasing.

Bottom line, I got greedy, and got call out by the market.
 
You must log in or register to reply here.