Loading ...Yes the pm’s are a struggle with mental health and possibly financial health. Still it can be done with watching charts. As I have aged I find some deterioration in my skills or perhaps I am just not as lucky now. Anyway I don’t pay attention to any news and simply look at the charts. If they don’t act like I expect, I lighten up. The important thing as I would think you know is not to let any significant loss occur. Over the last what has it been 20 years that we have met virtually and occasionally in person, I have at times had no paper pm positions and seldom recently significant positions. Still I watch a bunch of pm charts looking for safe entry points and end up doing quite a bit of in and out as no brokerage fees now. I have not limited our trading to pm’s and have traded bonds, stocks, anything where the chart looks good.
As you may recall, I have moved mostly into 1 to 2 year u.s. notes and bills even though it is likely the 5% or so is less than inflation to some degree (at our age we decided not to game any longer notes). I don’t believe any of the published inflation figures. Still it seems the best option now. We had a large traditional stock position that we entered during the Covid panic. Some bought too soon, some a bit late. Anyway over a year ago we closed out all those positions. I think there may be another general market rally but even if so it could be a failed rally. Anyway decided not try to game that.
I still view this pm correction as a wave 2, but since it hasn’t acted like I expected I have been lightening up with modest gains and a few small losses having bought early in the wave 1. Part of it is I am too old to do much trading.
I want you to know this Tent has been a source of much joy and fun and I wish you the best. May the trading gods be good to you.
aurum