But I could just as easily be wrong Call me a little weird, but that is what helps to make this a little exciting for me. I asked myself, near the end of trading, "Will Ground Zero's evaluation and lack of his model's confirmation, prove true this time?". I figured it was worth holding off betting at that time, sitting back and waiting until tomorrow, or for a confirmation.
If your assessment goes awry this time, well..... there will be many more thousands of opportunities to place another bet. :)
The way I see it, I don't care if gold goes higher before I buy it, I want to buy it safer, not cheaper... Yes, but..... it is always exciting to catch a price near the bottom! It the thrill of the chase. I have NEVER bought a stock on the way up. I've always bought during a decline. It's been profitable, but I agree that it is a sub-par performing model.
and my model's buy signal tells me when it's safer to buy... the actual price itself matters very little, that's why I never "scale into a position," it's all guessing and hoping, and it's also very risky and dangerous... Your trading technique is far better than mine. Believe it or not, I've made more money during a down market, or a correction. It's riskier and more dangerous, but the way I do it, by picking up a small piece first, and by selecting a fairly safe investment, it protects me somewhat. That said, I bought into XLU way too early and might ditch my holdings.
OTOH, if I graduate from the Ground Zero school of trading, who knows what the future trading has in store for me.
So far tonight, silver's down a bit! :)
Thanks!
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