Trading and Investing25 Mar 2021 21:33
With the focus on fiat at the moment, gold and silver are a bit weak, with gold only up $7.00 and silver up $0.20.
Each rally has been a bit weaker than the previous, indicating that there is unfortunately for us investors more room on the downside currently. But there is a floor somewhere!
When i learn to be an emotion-free mechanical trader and have the ability to eliminate my emotions, opinions and bias i will then be able to follow the price.
I personally think too many people look at the short term of a trade or confuse investing and trading as one. They are not the same. Traders can hold a position for minutes, days or weeks. Investors are holding for extended periods of time.
As an investor, I think someday what Alien Metals has in the ground will be much higher. However, confusing that with trading is a fool’s game. The sure way to losses are the emotions that create more confusion. I won’t let emotion ruin my ability to make money; yes you can trade UFO but 8 know for me and many others it is an investment I can hopefully look at in 12 to 24 months time and see how much it has grown.
All in my opinion. Good luck all long term holds old and new alike.