Hi Rob
I bought ABY on the last high in copper(at .72). Failed to
take a tight stop and rode the dip in copper and sp.
Now copper is retracing again from a new highs and I am
in profit. I still feel copper is under price and hold.
Exit strategies.
Sell based on world copper price.
Allow lag time in the stock and then sell.
Take profit and open my eyes to a new buy.
My target is a conservative .88 2/3 sell 1/3 hold.
I also bought RCP during the week and think long term great
but as a trader my capital is parked waiting.
Ideally I will let it run if it runs.
No stop in place and trading the unknown.
I feel I'm better to just trade copper
but for me serious stuff.
After my charting efforts on the REIT sector
I went for MCW. Solid during the crash and thought
it was the least risk in a risky sector.
Exit target around .62 but really would like to put
in the bottom draw.
On the currencies front USDCHF is the barometer
of the USD. I looked at a trade shorting from 106 target 104
but the stop needed to be over 108. Now that we have
visited 108 I tried a few shorts but too tight a stop.
Hurts to see it now at 106 but feels good that the trade
I saw was there.
Would love your view of this pair
a) because it is important
b) I'm confused for direction
paul
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