19th Aug 2011–Didn’t your mum tell you not to mess around with GoLD?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	177.10				losses	4 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Market down by 420 points and this drive GLD up from its double top formation.

 

Lesson Learnt:

 

1. Continue to keep the investment amount low. This help to minimize losses.
2. Again, my entry of short is not good and I actually should have cut my holding the next day when GLD slightly gapped up.
3. There will be time for GLD to crash down, but looks like this day is still very far away, much more longer and much more insane than I can think of.

 

Intraday Chart

Historical Chart