QUITCHER CRYING

No one promised you this would be quick easy money. Maybe you thought it was going to be. Number one you probably suck as a trader. Recognize your weakness and use it to your advantage. Understand that the shorter term fluctuations in the casino are designed PURELY to relieve you of your money. When you take positions as a trader you have to believe in the longer term story in your position to hold on if you get caught in one of the much deeper corrections. These deep corrections are designed for heavily over-loaded boats. In other words they have to be deeper and longer to remove the majority of the weak hands and have them replaced by the stronger smart money. Perfect example was the Euro currency trade. Everyone and their brother was loaded on the short Euro trade last year. So what happened?? THEY held that trade in a very long descending wedge pattern that broke the back of the leveraged shorts and took as many out of that trade as possible. Once they were eliminated they floated the usual media stories that the Euro was going to 1.50 then took it down through the 1.40 baseline and cracked it like an egg. THEN as all the newbies jumped on as it broke 1.32 support they took it all the way back up above the baseline and WHOOOMPH....right back down to 1.27 today......THAT is how you clean the pipes on an overcrowded trade. If you follow the crowd then be prepared to suffer some pain. You are definitely in a crowded trade with precious metals....but its a lot less crowded now than it was a few months ago. That is what accumulation is all about. They cannot accumulate with newbie investors crowding into the trade so there MUST be a correction. Have we had that correction in PMs? ABSOLUTELY! Don't ignore what happened the past 8 months in the PM miner's stocks.....this was dramatic. You should have been accumulating on weakness and selling the rips. Now you should be accumulating on weakness with less selling on the rips as these miners reach these oversold levels. You may get some more weakness over the next couple of months but my core has been increased and if they do take it down hard again then adding and holding should not be feared. Ask yourself the question.....just where do you feel more comfortable right now investing? Use the KISS strategy in this market....KISS...is Keep It Simple Stupid. THEY are accumulating.......YOU accumulate. gl all

comments still impaired...use google chrome as a browser or use your delete browser function under safety