I posted that I was short and covered ALL THE TIME. It is about feeling around a top. I don't post charts, because what I do is based on some things that I haven't posited yet.
I am still not saying that we for sure have hit an all time top, but I am in comfortably now, and will not sell till this goes past 1263.
If you were listening to me so closely, why didn't you cover when I said I took my profits? Doesn't that sound out, COVER?
Anyways, same thing happened to me on another thread, I announced I was going short on gold at another pretty big top and another very knowledgable poster posted a very convincing argument as to why that was not smart, and I missed the previous plunge to this one.
Stop losses are key to what I do. I know some guys say to never put in a stop loss. But when you are dealing with 500-1 leverage, you just have to in my opinion.
Put a quarter on a table in front of you. Then put 125 dollars right beside it.
That is 500-1 leverage. I always put something of 500-1 value around me when I put a bet on. A watch, a share cert etc...
I don't think anyone GETS how dangerous this game is otherwise.
I am still not saying that we for sure have hit an all time top, but I am in comfortably now, and will not sell till this goes past 1263.
If you were listening to me so closely, why didn't you cover when I said I took my profits? Doesn't that sound out, COVER?
Anyways, same thing happened to me on another thread, I announced I was going short on gold at another pretty big top and another very knowledgable poster posted a very convincing argument as to why that was not smart, and I missed the previous plunge to this one.
Stop losses are key to what I do. I know some guys say to never put in a stop loss. But when you are dealing with 500-1 leverage, you just have to in my opinion.
Put a quarter on a table in front of you. Then put 125 dollars right beside it.
That is 500-1 leverage. I always put something of 500-1 value around me when I put a bet on. A watch, a share cert etc...
I don't think anyone GETS how dangerous this game is otherwise.