12Jan11:21 amEST

Scale and Trail, Baby. Scale and Trail; Chess Moves

inthecompanyofmen1 With GDXJ (and JNUG) now quickly hitting it upper daily chart Bollinger Band, I am now up big on my JNUG long in a very short period of time with overbought conditions in play. I still think the junior gold miners can lead the precious complex higher. But discipline is forcing me to scale partial gains here, at $39.33 from Friday's $35.59 entry noted here. This is a good, fast win and I am not going to let the volatility of the instrument erase it quickly. I am trailing my stop-loss up to my entry price for the reminder of the position, and may very well add back to the triple-long junior gold miner ETF in JNUG. GDXJ

Ride the Winners, Cut the Lo... A Tough But Worthwhile Race


This website is intended for educational purposes only. | © 2024 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site