My
gold trade is working out perfectly so far. DGP dropped down and closed right at my stop shortly after I bought it and has been climbing ever since. Right now I'm up almost 20% in just 3 weeks. I'm going to increase my trailing stop to 10% from 5%. The orginal 5% stop was based on the 120 day MA which is farther away now. Even with a 10% stop, I'm locking in a profit of at nearly 10% and with a leveraged ETF like DGP, it makes sense to give the trade some more room to play out.
No comments:
Post a Comment