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For a few days now I have been somewhat obsessed with developing a new strategy. I've made a good amount of progress though at this point I wish there were 36 hours in a day. Ever feel that way?
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Anyway, tomorrow I will take my first leap of faith and use some money to begin test driving my strategy.
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I have narrowed a list of 10 prospects for tomorrow's trade down to just two. They are Denison Mines Corp (DNN) and Harmony Gold Mining Co (HMY). I will simply place a market order to buy the opening price of each, set a limit order to sell 5% higher than my filled order, and possibly set a stop below the low price each achieved today. I will go into greater detail about my strategy when time permits.
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The other 8 ticker symbols I did not chose were, for the most part, small capitalization plays. If you are interested in some of these ideas, here they are in alphabetical order:
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CCJ
EGDF
MAOMF
ORVMF
RDUFF
TSRMF
URZ
VITFF
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As luck would have it, these 8 will probably do better than my purchase. But as long as my trades succeed, I will be very pleased.
DG short term signal
12 hours ago
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