Monday, June 6, 2011

DUST-Gold Miner Trading System

Friday we had our second signal in DUST using the tweaked second system I posted which sported higher returns, and fewer trades (especially fewer failed trades). The idea was to buy on the open today and if you did so, you have somewhere around a 3+% gain on the day.

How you want to manage the trade from here is up to you, you can put in a trailing stop and guarantee a profitable trade or go along with the system. One of the important parts of the system is the stop loss which is not trailing, but static and calculated as a 3% decline from today's opening price.

I update the signals after market and they are executed the following day on the open.

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