2nd Aug 2011–Didn't I tell you not to play with SiLVer fire?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	13.50				Even	1 day

 

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

 

1. PANIC SELL !!!!!
2. GLD still come all the way back up.
3. All indexes suddenly turn down instead of rally. DJIA turn from opening +150 to -100 over points.
4. So GLD and SLV start to get buyer again. This is really not what I want to see.

 

Lesson Learnt:

 

1. I should have let it play out with my stop loss intact. This is only 1 day maybe should not be so panic.
2. Anyway, we will see whether I am right or wrong on this one tonight.

 

Intraday Chart

Historical Chart

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