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10/01/17
14:16
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Originally posted by obladiblada01
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Hi Joe,
my TA "system" sends out its fair share of false early signals, so I like to average in. I'm wrong on gold at the moment, I expected it to reject at 1158 and maybe at 1173, but I'll wait a little longer as I have a feeling an even better trade is coming up there. If it eventuates (and I'm right) I'll add a lot more the position, and my being wrong now will fade into profit (or break-even). If I'm wrong even more than I'm wrong now then I'll exit the trade and be wrong is a small(er) way. A loss is never nice but being wrong is part of the game.
I'm very bullish on zinc at the moment also and last week bought zinc stocks.
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Even though I disagree with you on gold atm (keep your eyes on the JPY strength) - TU for you being honest and transparent which is a vary rare thing on this thread as most are just having a laugh.