*I had purchases of Direxion Small Cap Bull 3X Shares (TNA) on two separate days, coincidentally at the same price of $35.70, and I sold both of those positions just after the open today for $36.77. I wanted to start freeing up some money for the purchase of more miners, and this was a good way to do it.*As I am now not able to see a computer for the first 2 hours of trade (due to my job), I took a wild guess on how high TNA may run and got very lucky - missing the top by 8 cents. *I am also finding out that my school district internet blocks me from doing any uploading or posting to this website. So, I take pictures of my trades as best I have time and will now be uploading them after school when I get home.*Click on the charts to ENLARGE*My first purchase today was DB Gold Double Short ETN (DZZ). When I bought DZZ, gold was trading around $1226. I believe that gold will eventually bottom just below $1200 so I thought I may as well try to make some money while I wait. This 4 hour chart of DZZ does have a True Strength Index (TSI) indicator break of a trend line, but no BUY signal from the Money Flow Index (MFI), as yet.
*My other purchase today was of Anooraq Resources Corp (ANO). As I understand it, Anooraq mines primarily platinum. A looksee of platinum showed it smashed down on strong support of $1500, so I really don't see platinum going any lower, nor do I see ANO going any lower. *ANO has been corrected some 25% just since the beginning of this month. This 4 hour chart impressed me with a trend line break of both the TSI and MFI, as well as a positive divergence of the TSI with respect to price. At TSI -0.31, we are certainly NOT at the ZERO crossover stage, but I can be patient with so much else solidly in place.*Some nice people have asked me where I come up with my trading ideas. The short story is that I have about 100 mining stocks in my www.FreeStockCharts.com portfolio. I cycle through them in my free time, drawing trend lines on some and look at the interesting ones at various time frames so I can get a sense as to what is going on. *I keep a few stocks in my head as looking "almost ready" and revisit them often to see what they are doing. When everything finally falls in place for one of them, I just buy it. There is not too much emotion to it other than I say to myself "oh goodie, this finally looks promising". Then I have to babysit the thing until the TSI and MFI tell me it is time to sell, and I sell. That is pretty much all there is to it.....day after day.*My TSI Trading record has been updated.
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