well it turns out my decision to close out my SDS could be short term correct. shortly after i close out SDS went down 3%.
Thank my lucky stars. Its good to have luck on your side on this occasion.
Although the GDX looks to be in a corrective mode, the question is whether its a good trade risk vs reward on the upside. Based on the volatile nature of it, i would use a smaller position to take advantage of it rather than my usual size of trade.
Stochastic and MACD looks good.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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