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I'm not saying no to that, in fact I would do the same but...

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XForceOne

1,374 Posts.

76

09/09/20

19:11

Post #: 47216923
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Originally posted by GARETH78: ↑

@XForceOne

Surely we can agree that a combination of strategies can work here?

Have an LT hold but have a bit of fun and make some coin on what are silly SP movements within a day or so?

Personally I don't look a gift horse in the mouth. It did drop this morning along with the market.

With the current medium term trend (see charts thread for examples), it's a pretty low risk trade at the moment IMO.

See the last 5 days trading range.

Im not saying day trade only, but what i'm saying is there are opportunities to trade some of these swings over a number of days, and if you are held holding the can for a bit longer than planned then I don't see it as high risk holding IMO.

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I'm not saying no to that, in fact I would do the same but working like a dog from 8 to 5 doesn't allow me to take advantage of the SP swings. When I was stood down for 3 months because of Covid last May I was in and out of GXY between 80c and 90c. The good'ol days. Now I'm happy and proud of holding on to them and counting my gains at the end of the day.

Last edited by XForceOne: 09/09/20

GXY Price at posting: $1.40 Sentiment: Buy Disclosure: Held
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