status in detail: Master STOP for the whole shabang is NOW one hair below June 3rd, 2014 Losses continue but I hold my positions firm as-is
Rationale but to others its going to be rationalization and stupidity because I've abandoned the STOP @ $1283 and gone with a lower STOP. Why the STOP now firmly placed right under June 3rd, 2014? Because the move to July 10, 2014 is a 5-wave move. Yeah yeah I know Elliottwave has killed more folk than WW1&2 but I'm going with it. Don't even know if Prechter's gang at EWI has called it a 5 or whatever. If I'm correct I should get at least a C-wave up - if I'm fortunate to recognize its beginning I will buy more and reduce losses at lightning speed. If the 5-wave move (signature of a new trend) is in fact the start of a new bull its no surprise to me because I've called Gold blasting past 2k towards 3k or 4k. If wrong I take the entire loss at June 3rd low penetration and walk away. Done.
It has clearly hit your stop and you are simply in denial. Clearly made a lower low, and you have been wrong. Just to put things into perspective xD
Long ago, I was short Mid-am T-Bonds, $15.625 a tick, I was so convinced myself the highs were in and was only to risk $300 on the trade, price when to $300 in the hole and broker didn't see it and it came back a little, I took that as an omen, LOL. I went on to totally wipe out the account of $10 grand plus, I was coming up with so many excuses, I let the wrong parts of my brain to keep saying it was going to turn. It was one of the times I actually learned from taking a beating, market does not care who you are, when you are incorrect with my timing-Get out. I think much clearly when I am out, and biggest thing I learned, after I get out, is trade good enough to get in again with a true signal? Monthlies continually show longer highs.
Few scenarios with anonymous posters: 1. sim trade, tried to raise followers, failed 2. little money, it's all-in like poker. this is most likely. 3. some money, and now down 50% so need 100% breakeven...so hold 4. lots of money.....LOL....this is not an option here 5. drank the TA kool-aid and afraid if they sell it will be the low 6. was convinced they would be rich by all their line charting, this takes time!!!