08th Nov 2011–Gold trap !

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	15.62			loss		2 days

 

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

 

1. GLD gapped up even though indexes went down.
2. The world is now expecting to print $$ to save Europe. The easing mind set is on again.

 

Lesson Learnt:

 

1. Sometimes you don't have to wait for your stop loss to hit.
2. GLD might go even higher from here.

 

Intraday Chart

Historical Chart