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Reacquiring DUST long At Gap Support

DUST 5 minute Oct 22nd

DUST 5 minute Oct 22nd

I've decided to go ahead & reverse back into the DUST long position after closing out the NUGT bounce long trade taken yesterday for a modest profit. Again, these are micro-managing trades within the official DUST long entry initiated in this post on Oct 15th.

Going forward, in order to keep the front page of the site more streamlined & geared towards typical swing trading, I will post most of these micro-managing trades (long/short reversal within the larger swing trade) within the Trading Room. That will also help cut down on the amount of email notifications sent out to those only interested in market analysis, swing trading & investing.

As this 5-minute chart of DUST shows, my primary scenario is a reversal off the bottom of this week's Tue/Wed gap with the possibility (alternative scenario) of a continued move down to the 12.17ish support level. I went long DUST at the gap (in which GDX fell just shy of so far) with a stop below 12.06 (slightly below where my alternative scenario would have DUST reversing, should it take out that gap support.

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Oct 22, 2015 10:38am|Categories: Completed Trades - Short, Gold & Commodities|Tags: , |4 Comments

4 Comments

  1. davenchop October 22, 2015 10:41 am at 10:41 am

    will you still be sending out twitter alerts with these micro trades?

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    • rsotc October 22, 2015 11:02 am at 11:02 am

      I’m considering that but need to figure out the most efficient manner to do so. Currently, I have a program that automatically tweets out any new post that I make to the front page. However, that program does not auto-tweet the posts & comments that I make in the Trading Room. I have a private twitter feed that I reserved for future subscribers, maybe I can tweet out those more active short-term trades there.
      One other option are text alerts (details TBA soon). Registered subscribers can now select specific categories in which to receive email alerts vs.the default which sends out email alerts on all new posts (and is still the only option to non-registered followers of the site). I might create a new sub-category call “Active Trades” or something along those lines in which members of the site can subscribe to or opt out of if they don’t want to see those very short-term trade ideas. Soon, registered members will have to option of receiving notifications via email or text. Details to follow soon.

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  2. davenchop October 22, 2015 11:34 am at 11:34 am

    looking forward to the subscriber site… keep up good work

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  3. Sky October 22, 2015 1:15 pm at 1:15 pm

    Hi Randy,

    I really like getting the email notifications on all the trades, please consider leaving as is [or an opt out ]!! Cheers

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