Over the past 2 days. I’ve sold GPL, IMG and NUGT for a 28% return on the trades.
I’m still holding short USD/JPY as well long EUR/USD.
I expect this to be a “shallow dip” with respect to the gold and silver related stocks, so I will be scaling back in to these and more here shortly. On this next entry I am going to do my best to actually “buy and hold” something for at least a couple of weeks / if not months but then again…….we’ll see how that goes.
The larger macro turn in both USD as well commodities is slowly making its way…so there is still plenty of time to start building positions.
I trade equities primarily and recently started tiptoeing into FX but am not sure about how to size FX positions. Could you please give me some pointers on FX position sizing? Thanks!