Any trade you enter, whether your initial thought was a short or...

Any trade you enter, whether your initial thought was a short or long term timeframe, its frustrating at the least to see it head in the wrong direction.  The realistic options are to either cut your losses & move on or risk it & wait it out.  If you don't sell quickly, then a paper loss may well in time turn into either a considerably larger loss, or with some luck, into the profit you intended when you initially entered the trade.

Not unlike their first grey hair / no-one likes to see a trade go the other way.  Similarly, a chartist sees a gap on a chart as a conundrum too.  Many chartists will not consider enter/add until that gap is filled.  RNU has a gap on the chart at 0.115 which very nearly, but not quite, got filled today.

IMO there has been almost an urgency & a concerted effort to get that gap filled the last week or so by the ongoing large daily dumps & minimal large buying to counter.  The drop in SP puts us nearly back to where we were 2 months ago prior to the 50% gain that followed in 4 trading sessions.

Anyways, just a ramblers (& gamblers) thoughts that once that gap gets filled, there might be room for a bit more positivity round here.  Remember there's still an abundance of that grey stuff in the ground that most everyone in their medium & long term future will need.  Surely it will turn at some point.  Will the gap fill be that pivot point?  Only time will tell.  Best of luck all.