Closed very profitable position at $1.30 then tried to be clever on Friday with a day trade which I cut short at a 3c loss as live charting indicated capitulation setting in. Closed CXO position Monday at $1.40 as well.
Something I learned years ago was to let profits run (not always easy) and to cut losses short. When I used to trade futures markets I worked on a 60 / 40 win to loss ratio. (60 is the winner)
Bear markets usually take 12 to 18 months to play out. I am selling the rallies. Took out put warrants on another large miner today as well. Many miners closed on their lows Monday as they could not hold onto early gains. Wild swings guaranteed to continue as the world is in a mess.
GAL Price at posting:
$1.05 Sentiment: Hold Disclosure: Not Held
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