If you are like me and have a smaller account and limits on my day trades, you might want to consider some Gold or Gold mining stocks to park money in for the next few months. With today's bad labor news the chances of a interest rake hike are very small. With the recent profit taking, consolidation, and the massive negative interest rates around the world... Gold stocks could be a very safe harbor to park money for 5- 15% gains in the next month or 2.
Just a thought
Posted May 06, 16 8:52 AMbybfloydo
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I can see this happening, but wouldn't it be better to find the best setups to trade for 10-20% wins in a day?
If you can grow your account by 5, 10, or 20% in a week, is that not better than 15% gained over 2 months?
If you play these gold stocks right, you can bank 5, 10, or 20% in a week.
Agree, I did not specify parking money for 2- 4 days over the next couple months ... if you have PDT issues for 5-15 gains in the few days you need to park money..
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