Day Trader’s Aftermarket Lounge 23 Sep 2020

Originally posted by rick64: ↑

Hi guys, I trust you all had a great day with the all the green everywhere. I did not.
Not sure what is going on, but just lately everything I touch seems to turn to crap. I had a great run for about six weeks where I put on about 37% across the two platforms, IG and Commsec, but starting mid last week I started to go backwards. For instance, yesterday I decided to put a small amount into each of the short termers I have had my eye on for some time, the ones that I do not already hold. It was a red day yesterday and all these stocks have been trending up outside Covid 19 for the last twelve months so thought I was safe. Lo and behold, the ASX put on 2.4% and all mine went backwards, just do not understand it. I ended up selling out of all of them this afternoon for minor losses as I cannot seem to trust my judgement right now. What if there was another green day tomorrow and mine all closed lower again? Not going to take that chance.
And as for gold, I bought 5 stocks CMM, DEG, WAF, RMS, and PRU to add to my 3 existing TMZ, HWK and CNB, when they were all at close to the daily lows yesterday. Today these all lost between 4 to 11%.
Any opinions on what I should do with these goldies? If you were I would you keep them until the gold price comes back which it inevitably will. I did read that it could touch 1766 before it bounces, or would you quit them before it gets too bad? I have done enough education to be able to read charts so not sure what happened to my judgement, I think the gold price overides any TA I could apply to the charts.
I am going to try step back a little and just watch for a bit, keep an eye on my current holds that are well green and try and regroup. Holding RBL, MSB, PBH, KGN, PFT, those goldies I mentioned and just a couple of speccies that I will probably dump tomorrow.
Looking forward to your thoughts on the goldies.
Have a good night all

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hello bro ,

this is not financial advise.
your DT the wrong goldies.

PRU 52 week high is $1.6 .... WAF $1.190

what are you expecting them to do?

don't get me wrong amazing stocks to hold long term which I do in my portfolio and they are 30% of my portfolio worth there. I'm very fond of those 2 companies.

hold those 2 stocks long term.

RMS don't know much about and I think overvalued.

let's not forget gold has been beaten around for close to 10 days before 6 days of gains.

to make things worse POG is only above $1900.

I DT - SAR ... it has never let me done and there's is easy 200 points to make on a hold overnight .

keep an eye on futures during trade for wall st... good indicator is everyone panics when all 3 markets are down and they go to gold

not helping at the moment the fed js playing games with currency and USD is high which effects POG.

I'm looking at purchasing SAR Friday and holding till Monday.

right now POG is 1884. could even be a buying. opportunity late tomorrow depending how futures are for wall st