mich
thanks. I do a bit of everything in so far as time perdiods go. some of my trades are only for a few days, others for weeks, and others again for months. even have a few i've been holding for yrs.
i've made, broken, and reformed my trading rules many times. am still trying to find a set of rules that i'm comfortable with.
and yes, some days ya just wanna hit the pub in anguish, other days nothing can go wrong.
the only reason i sold ZFX when i did was because when i bought them for $12, i set a target to sell at $16 or by christmas, whichever came sooner (at the time i thought that'd coincide). so i regarded the move as being a good strategy. I've tried countless times to pick the top, i just don't have the nouce for that. So I've changed my strategy to finding a reasonable exit target, monitoring, if all goes well, selling at that point and taking the pre-determined profit i had expected. if things don't go well i always have a stop loss in place.
my sentiment on the market at the moment is overall bullish, with perhaps a bearish few days coming up.
in regards to ZFX, the price of zince on the LME won't really support the price too much on a down day, if the market turns down and corrects, the LME won't make a bit of difference, the ZFX price will drop on that day, but it would no doubt recover swiftly.
IF i do get in at 15 or 15.50 my exit target would be somwhere over $20 ... not really worked it out yet
ZFX
zinifex limited
