One of the mechanisms by which I have learnt to deal with the vicissitudes of the market is to believe that they are actually very generous and that they will tell me everything I need to know if I just listen. When I have gone back and reviewed errors in judgement I have made as opposed to trades that simply didn’t move the major cause has been that I didn’t listen. One of the few joys of getting older is that in my instance I listen more and do less.
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First thought: Got short precious metals
Second thought: If the chart supports this
Third thought: If the sector is in agreement with it
Fourth thought: Develop a plan, test and follow it, if trading these commodities
Cheers
Bruce