Friday, September 4, 2009

Trade 78 - SBM getting back into gold exposure



I liked Gold 1 month ago, bought into LGL @ trade 30 and lost money closing it wayyyy too early, given how I remained bullish on gold.
http://5000trades.blogspot.com/2009/07/trade-30-setup-going-for-gold.html
http://5000trades.blogspot.com/2009/07/gold-is-worthless.html

Gold broke out of a key resistence last night and I entered SBM - Santa Babara to get extra juice on the move. However, my total capital amount invested will be smaller, leverage is the key in this play.

long 5000 SBM @ 0.265