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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Joppike who wrote (72980)	7/9/2015 11:29:15 PM
From: Peace	1 Recommendation Recommended By Justinfo Read Replies (1) \| Respond to of 222804

Be careful. Don't let a negative position get too large. The technicals have deteriorated. I tried to catch the falling knife at 2.37 but bailed at 2.24. Sometimes it's better to take a loss and reenter later than to keep averaging down. There is no such thing as undervalued when it comes to a commodity. It is purely demand and supply. Generally, as the price falls demand increases and supply falls but in this case OPEC has vowed not to cut supply regardless of price to regain market share from the shale producers. Also Iran has a ton of supply sitting around which will eventually hit the market. You may be right but to me its better to follow the technicals here. We could easily go back to $40s if China cannot rekindle its growth. Good luck.

To: Joppike who wrote (72980)	7/10/2015 4:53:48 AM
From: GROUND ZERO™	2 Recommendations Recommended By GoodGord Justinfo Respond to of 222804

I don't think "riding it out" is a good idea, not for me anyhow... if the market doesn't go almost immediately as I expect it should, then I'm out of that trade very quickly... I have no problem getting in and out several times until I catch it right, but for me to hold a position that didn't move as expected and just ride it out is never wise... but, that's just me... My simple trading philosophy: if the market doesn't move right away as I expect it should, then I get out and call it a bad trade and then take another fresh look while not in a position... GZ