Gold and silver in never-never land
One thing we can take away from therecent trade in gold, silver and platinum, it sucks. The price action has beenabout as bad as it gets. The metals, although in an uptrend, have wanderedaround the mean as if they were lost.
Understanding markets and how theytrade is an important asset for traders and investors. The current actioncreates frustration, impatience and bad decision-making. Traders want instantgratification, which markets never guaranty. The recent activity is almostdesigned to put you to the test. Can you follow the game plan?
This type of action has beenhappening for thousands of years; markets are driven by emotions. Humans willfail the emotional test 90% of the time. As the commercial says, the mind is aterrible thing to waste, but frustration and losses will drive traders to poordecision-making.
Trading your method or mine requiresyou to follow the rules that have been designed for your methods. We trade ouralgorithm and will remain long for the duration until the algo turns short.Short-term emotional decisions are wrong.
In all markets, price actiondetermines what will happen in the next day, week, or month. Keep the twostrategies separate. The worst trade anyone can make is turning a trade into aninvestment hoping for a way out. Traders must learn to take their losses andmove on to the next trade.
Patience, discipline, and moneymanagement always win the day. Let the map of the markets show you the way.
Thursday 11/04/21 at 10:00am EST, Iwill present our new portfolio models that use Mini/Micro Futures, includingGold, Silver, and Bitcoin
2021-11-04 Bubba's Micro/MiniFutures presentation
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