"I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market, all stocks go down, and in a bull market, they go up."
Great thoughts my friend. Right now I have a 50% position on copper. It gave a signal awhile ago and now it’s chopped around. No exit signal either. I also don’t use a time stop. Because of that I will sit in something and give it the time it needs to move because the market does not move on my schedule.
So let’s say there are a few different signals for an entry like myself or Jerry Parker. I’ll use his signals for example. Let’s say we see a 50 day high. I’d buy 33%. Then a 100 day I’d add 33%. Then add the rest on a 150 day high.
Personally I only use two entries. 50% and 100%.
I would get ti a full position if we see another signal. Lumber gave one. Will copper follow.
Awesome, makes sense. Thanks!
Brilliant, concise write-up, Jason. Two quick ones:
1. Are any other group members from the UK? I’d like to be put in touch directly if possible. Just to discuss CFD brokers.
2. Let’s say we get that buy signal on copper. Imagine it pulls back for a few weeks, then gives a buy signal again. Do you:
A) do nothing
B) add to position
If “B” I have some further questions.
Appreciate we are not copy traders! Just curious how you handle + past experiences
Great thoughts my friend. Right now I have a 50% position on copper. It gave a signal awhile ago and now it’s chopped around. No exit signal either. I also don’t use a time stop. Because of that I will sit in something and give it the time it needs to move because the market does not move on my schedule.
So let’s say there are a few different signals for an entry like myself or Jerry Parker. I’ll use his signals for example. Let’s say we see a 50 day high. I’d buy 33%. Then a 100 day I’d add 33%. Then add the rest on a 150 day high.
Personally I only use two entries. 50% and 100%.
I would get ti a full position if we see another signal. Lumber gave one. Will copper follow.