always place your system BO orders when expecting a move.

always place your buy stops when expecting a break out move.

When trading within a Monthly or weekly pattern and trading daily of intraday patterns - set short term targets according to each set up, you will get opportunity to buy in again. don't just bulk up to get hammered in down swings!

Lesson

1. Patience on the big timeframe strong patterns See LII make its P*F £545 target.
2. Sell at your target levels, don't re-add too soon and bulk up at or just after Key resistance levels think Gold Sept 2009 peak at $1007 run back to $980's

Silver vs Gold

As Silver goes up more in percentage terms. Maybe the Gold trigger could be used as an entry on Silver?

Silver up 1.98% Gold 0.9%

Cash & Value destroyed

My order execution is wek.

I had moved a stop up and submitted two market orders too sell WMB at matrket after hours.

These were filled whilst away both of them putting me short. I was sold out at low whereafter share recovered where I had to be back square for a loss on the way down and UP.

Order entry and incidental mistakes have been plentiful. They have cost me the difference between good growth and a net down position.

I have been in numerous upside break outs but are net down at present!

Trade placement is requiring more attention.

Order verification and clearing of duplicates is essential.

Especially when a number of trades are in play.

Lost £2,5K

... Because I entered an unrelated short rather than closing the related long orders.

Saxo Market Maker forced gold right down to my stop at $934.70 on the near contract... all other platforms did not go so low... filled my covere so was net short at the bottom of the down spike.

New Tips and keen watchlist Candidates..

New Tips and keen watchlist Candidates..

UKCoal - UKC

SHanks Group -

Pitney Bowes - PBI

NYSE Euronext

more to follow..