Friday, December 30, 2016

CNMC Goldmine - Gold Rush ?

CNMC Goldmine recently was in play. The stock was moving in tandem with gold I believe. Long yesterday and sold today with $3000 in CFD and another $1500 in cash account. The stock gap up today but to me it's risky to go long. Instead a better solution is to unload whatever that was bought yesterday into this gap up.

As the stock continued to climb towards the 0.445 range, I am looking for other counters to trade. One thing strange was after CD and currently in XD mode, the stock still has legs to run which means it's strong in the short term but the most important thing is to find the right timing to long it. The timing NOT the pricing plays an important factor in trading this counter.

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Ronald K - Market Psychologist - A Stock Market Opportunist