Retracing the Golden expectation
Whether you subscribe to a mistaken sell order around gold or it portends to weakness ahead of the seasonality in late August, some of the glimmer associated to gold is beginning to wane in light of the craze around crypto-currencies making one wonder if the bugs may be eager to dabble in other markets that have much of the same vocabulary.
Making a case for gold has always had a cult like following, lending credence for those that tout the historic reasons for owning the cherished metal but as the digital age begins reaching further into everyone’s lives, even gold bugs are infected with the addiction to their screens and constant supply of information. So is it any wonder that when digital currencies appeared on the scene offering the same supply limitations, restricted to mining as well, that the appeal may be tempting those more progressive gold bugs?
Check Plan Status
Make sure the plan has not begun yet. Once InProgress, you will need to decide if you want to catch up.
Review the Amount of Capital
Each plan has a total amount of capital that may be used to execute. You can adjust the amount you want to assign to this plan & press Update & Review
Set your Buy Order
Each channel will provide a buy price and # of shares. You will want to set the 1st order as GTC at your broker
Set your Reward Target
When the first order executes, you will need to create an exit order at the target price
Watch the Cancel Target
If we hit the Cancel Price before the Buy Price, you will cancel the order as the plan is invalid.
Set Buy Order
When you enter your 1st Buy Order, set the 2nd Buy Order immediately. You can do this at the same time as the 1st order
If 2nd Buy Triggers
Set the exit for all the shares from 1st and 2nd at the 2nd Reward. This means canceling the 1st Reward target but you should also set the 3rd Buy Price.
Changing your Mind
If you want to exit the plan with no loss at this point, this is your break even price that you will need to set for all open shares.
Risk for 2nd Execution
The total risk for 1st and 2nd execution if you use the 2nd risk target to exit all shares.
Reward for 2nd Execution
The total returns for 1st and 2nd executions if you exit all shares at 2nd reward target.
Repeat like Above
You will repeat the same steps as above but for these price levels.
Risk for Entire Plan
If the 3rd Risk target is hit, this will be your total loss for the plan.
Reward for Entire Plan
If you exit all shares at the 3rd Reward target, this will be your profit.
You can press the Play icon on the chart and it will fill in the chart as days pass.