gold and silver group running tired today and I closed all my gold related trades, GOLD and ABX.
Next time I would stick with AEM, since it moves the fastest and hold on to the trend better.
Anyway, I looked at the chart of $XAU, it turns out that the industry group is forming a symmetric triangle, so I will wait for it to break before entering another trade in that group.
Sold 2/3 of KEX, broke even, did not like the price action today either.
Overall it is an up day. Finally a bounced on PRXL, as I planned in my head, I would entered my remaining 2/3 on the confirmed bounce. And it seems like BMRN from the bio-tech group is also enjoying some attention, so I entered a trade on it too.
All in all, I limit my loss on each trade to 1k, and watch all of them very closely. My goal at this point is to protect my capital. And one day I can trade with confidence.
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