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	Comments on: GDX Trade Setup &#038; Entry	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3492</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 17 May 2017 13:27:05 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3492</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3488&quot;&gt;Jaypha8&lt;/a&gt;.

Believe me, there are many trades where I wish I would have gone long instead of short or short instead of long... many. Nobody bats .1000 in trading, not even remotely close. That is why I continually preach the benefits of diversifying one&#039;s trades, not only by going long the most objective bullish stocks or sectors setups &#038; shorting the most bearish but also diversifying one&#039;s trades among various sectors and asset classes.
In recent months I&#039;ve shared (and personally traded) plenty of long trade ideas, both official &#038; unofficial in solar stocks, marijuana stocks, gold miners, commodities &#038; miscellaneous stocks, including a semiconductor (QCOM) all while being short the semiconductor sector &#038; other stocks/sectors.
The stock market (S&#038;P 500, $DJIA, Russell 2000, etc...) has gone nowhere for months now, topping out &#038; trading sideways. That means while some sectors (primarily tech) has continued to rise, many others have been moving lower, creating trading opps on both the long &#038; short side. Picking just a couple of trades or sectors can be very profitable if correct but also sharply increases the risk &#038; amount of loss in your portfolio if wrong compared to a more diversified portfolio of both long &#038; short trades spread among various stocks, sectors and or asset classes (stocks, bonds, commodities, precious metals, currencies, etc...).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3488">Jaypha8</a>.</p>
<p>Believe me, there are many trades where I wish I would have gone long instead of short or short instead of long&#8230; many. Nobody bats .1000 in trading, not even remotely close. That is why I continually preach the benefits of diversifying one&#8217;s trades, not only by going long the most objective bullish stocks or sectors setups &amp; shorting the most bearish but also diversifying one&#8217;s trades among various sectors and asset classes.<br />
In recent months I&#8217;ve shared (and personally traded) plenty of long trade ideas, both official &amp; unofficial in solar stocks, marijuana stocks, gold miners, commodities &amp; miscellaneous stocks, including a semiconductor (QCOM) all while being short the semiconductor sector &amp; other stocks/sectors.<br />
The stock market (S&amp;P 500, $DJIA, Russell 2000, etc&#8230;) has gone nowhere for months now, topping out &amp; trading sideways. That means while some sectors (primarily tech) has continued to rise, many others have been moving lower, creating trading opps on both the long &amp; short side. Picking just a couple of trades or sectors can be very profitable if correct but also sharply increases the risk &amp; amount of loss in your portfolio if wrong compared to a more diversified portfolio of both long &amp; short trades spread among various stocks, sectors and or asset classes (stocks, bonds, commodities, precious metals, currencies, etc&#8230;).</p>
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		<title>
		By: jamesp		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3490</link>

		<dc:creator><![CDATA[jamesp]]></dc:creator>
		<pubDate>Mon, 15 May 2017 21:57:59 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3490</guid>

					<description><![CDATA[I&#039;m currently long GDX, GLD, and SLV.  Chart setups look really solid for a swing trade to the upside]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m currently long GDX, GLD, and SLV.  Chart setups look really solid for a swing trade to the upside</p>
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		<title>
		By: GetItRiight		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3489</link>

		<dc:creator><![CDATA[GetItRiight]]></dc:creator>
		<pubDate>Mon, 15 May 2017 20:51:21 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3489</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3488&quot;&gt;Jaypha8&lt;/a&gt;.

I understand your frustration, especially with the tech oriented shorts. I have given up some time ago on shorting the indices directly and looked for good opportunities in sectors. I took the SOXX short trade because to me (as to Randy) it had a compelling risk/reward ratio. The upside seemed limited compared to potential gains to the downside.
Unfortunately it didn&#039;t pan out to what the technical were suggesting, but that discourage me from trying to short other sectors. I am short crude now, for a swing trade, because on my chart, it is back testing the up trend line it broke through on May 2 (chart in a post above), plus it has the 50 and 200 DMAs to contend with at 49.4. I will stop out at 50 if it doesn&#039;t work out.
The point is don&#039;t dismiss all trades because some of them didn&#039;t work out. This GDX trade has a high probability of playing out.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3488">Jaypha8</a>.</p>
<p>I understand your frustration, especially with the tech oriented shorts. I have given up some time ago on shorting the indices directly and looked for good opportunities in sectors. I took the SOXX short trade because to me (as to Randy) it had a compelling risk/reward ratio. The upside seemed limited compared to potential gains to the downside.<br />
Unfortunately it didn&#8217;t pan out to what the technical were suggesting, but that discourage me from trying to short other sectors. I am short crude now, for a swing trade, because on my chart, it is back testing the up trend line it broke through on May 2 (chart in a post above), plus it has the 50 and 200 DMAs to contend with at 49.4. I will stop out at 50 if it doesn&#8217;t work out.<br />
The point is don&#8217;t dismiss all trades because some of them didn&#8217;t work out. This GDX trade has a high probability of playing out.</p>
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		<title>
		By: Jaypha8		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3488</link>

		<dc:creator><![CDATA[Jaypha8]]></dc:creator>
		<pubDate>Mon, 15 May 2017 19:56:30 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3488</guid>

					<description><![CDATA[Im going to do the opposite of what&#039;s in this site from now on, seems to be working with the SOXX trade and XBI]]></description>
			<content:encoded><![CDATA[<p>Im going to do the opposite of what&#8217;s in this site from now on, seems to be working with the SOXX trade and XBI</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3487</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 15 May 2017 18:52:51 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3487</guid>

					<description><![CDATA[Price targets for the GDX Long Swing Trade are: &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;First Profit Target&#039;&gt;T1&lt;/abbr&gt; at 23.48, &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Second Profit Target&#039;&gt;T2&lt;/abbr&gt; at 23.78 &amp; &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Third Profit Target&#039;&gt;T3&lt;/abbr&gt; at 23.98 with the potential for additional targets to be added if the charts continue to firm up. Those 3 price targets would represent fairly modest gain (relatively speaking for GDX) of about 4, 5 or 6% from entry. Suggested stop(s) would be a 3:1 &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.&#039;&gt;R/R&lt;/abbr&gt; to one&#039;s preferred target(s) for a maximum suggested stop of any move below 22.11 which would account for a ~2% loss if stopped out. If using a NUGT long or DUST short as a proxy for a long trade on GDX, make sure to adjust for the 300% leverage in your position size.]]></description>
			<content:encoded><![CDATA[<p>Price targets for the GDX Long Swing Trade are: <abbr class='c2c-text-hover' title='First Profit Target'>T1</abbr> at 23.48, <abbr class='c2c-text-hover' title='Second Profit Target'>T2</abbr> at 23.78 &#038; <abbr class='c2c-text-hover' title='Third Profit Target'>T3</abbr> at 23.98 with the potential for additional targets to be added if the charts continue to firm up. Those 3 price targets would represent fairly modest gain (relatively speaking for GDX) of about 4, 5 or 6% from entry. Suggested stop(s) would be a 3:1 <abbr class='c2c-text-hover' title='Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.'>R/R</abbr> to one&#8217;s preferred target(s) for a maximum suggested stop of any move below 22.11 which would account for a ~2% loss if stopped out. If using a NUGT long or DUST short as a proxy for a long trade on GDX, make sure to adjust for the 300% leverage in your position size.</p>
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		<title>
		By: ben711		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3486</link>

		<dc:creator><![CDATA[ben711]]></dc:creator>
		<pubDate>Mon, 15 May 2017 18:32:11 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3486</guid>

					<description><![CDATA[GDX will have to contend with the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; from 2011 which is just 2% above current price. If it takes it out there are probably significant gains ahead.]]></description>
			<content:encoded><![CDATA[<p>GDX will have to contend with the <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> from 2011 which is just 2% above current price. If it takes it out there are probably significant gains ahead.</p>
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		<title>
		By: joefriday		</title>
		<link>https://rightsideofthechart.com/gdx-trade-setup-entry/#comment-3485</link>

		<dc:creator><![CDATA[joefriday]]></dc:creator>
		<pubDate>Mon, 15 May 2017 18:20:56 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=182172#comment-3485</guid>

					<description><![CDATA[Yep... been long JNUG..... I see GDXJ testing $35-36 and GDX $24.50 .. will re-assess then....assuming we get there.]]></description>
			<content:encoded><![CDATA[<p>Yep&#8230; been long JNUG&#8230;.. I see GDXJ testing $35-36 and GDX $24.50 .. will re-assess then&#8230;.assuming we get there.</p>
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