Entered JDST with tight stop

- Failed trendline break
- Bearish engulfing
- Possible ICL ahead for PMs
- Tight stop around today's Fed action.

Positions at 63.34, 65.26... tight stop. So far, made some lunch money.

I really believe GDX/GDXJ makes new lows into an ICL. However: Anything. Can. Happen.

Trade active

I actually closed the trade at EOD because it had already run up 10%, and I felt the chance of a small bounce the next day was high.

When playing with these fireworks I do not give them any leeway. I look for strong short-term momentum and use tight stops. It is also not my preferred style of trading, but I will take a good R/R if I see it.

tangman

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tangman