Wednesday, May 4, 2011

Take the money and run

NOTE: I am Not a professional trader and i am NOT giving out advice, i am an evil mastermind trying to make some money by trading online to build a hideout on a volcanic island, and get followers to support me to build a Master Control room. This is my story.

Take the money and run
Is my strategy, at least for now. I have taken a look of the charts again and decided to SELL my higher leveraged package, i still have package with lover leverage, what i tend to keep for a while. So why did i sell? I think the 1535$ is a key value and this is why:


Chart from Goldprice.org

I have drawn some blue lines what i believe to be the trend and i think if we fall below 1525$ we will not stop until 1500$ and i cant take that risk. Gold prices climaxed lately so i think smaller drop will occure, long term i am definitely bullish, but i think we are in for a wild ride and high violitility, i think everyone should choose a leverage according to hes comfort level.

I will have my eyes open, when to move back in, with the higher leveraged package.

Questions:
Do you own gold or silver?
Have you ever thought trading on Forex market?
Did you like the movie Goldfinger?

13 comments:

  1. This is so interesting. I don't any gold or silver, but you make it seem like its such a thrill to do this. I've always wanted to get into something like this just to see what I could do, but its a daunting task if you don't know where to start. I wish you luck though.

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  2. i really need to start investing..

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  3. I own a single troy ounce Krugerrand I inherited. Grandfather bought it for like 400$ back in the day.

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  4. Oh cool, can I visit your volcano lair?

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  5. No, yes, and no. I did like Goldeneye though.

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  6. haha, I would like to get into trading on the forex market but from where im standing it all looks so daunting!

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  7. So, it's time to pull out on some...

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  8. I'm too poor to start investing ;_;

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  9. I liked Goldfinger...

    I'm looking into trading though.

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  10. "buy low sell high "

    if only it were that simple? :D

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