Despite the Dow and Nasdaq indices giving short signals a couple of days ago, I did not follow them and start switching my bias to the short side. Why? Because my existing long positions were holding up (refer to this post for more), combined with the uncertainty over the US and its 'Fiscal Cliff'. As a result, 2013 has started for me in positive fashion.
Showing posts with label Aquarius Platinum. Show all posts
Showing posts with label Aquarius Platinum. Show all posts
Wednesday, January 02, 2013
Thursday, August 02, 2012
Aquarius Platinum - some trends just keep on running...
When you get a trend develop like the one shown below, it is critical that you do not exit until you get the relevant signal. Why? Because it is the big winners like these that cover the costs of doing business (i.e. covering all your small losses) and leaving a surplus over which generates the overall profit for the system.
Thursday, June 21, 2012
Aquarius Platinum
It was only just over a year ago that this UK stock was over 400p - trend followers would have taken several chunks out of this on the short side (despite some failed signals), culminating in this current downtrend. I have no knowledge of the fundametals here, but knife catchers and bottom pickers would have been repeatedly burned on this one. This is now comfortably below the 2008 low. Next stop zero?
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