Wednesday, March 27, 2013

One sell and one buy

I dumped my DDM yesterday at 87.55 which gave me a 2.95% gain on a very short trade. I replaced it with a purchase of UCO which is a play on the crude oil market. The chart issued a buy signal so I took the leap. Chart below. 

Chart of UCO with 40 day moving average

 I have decided to stop being adventuresome after my fiasco with the gold mining stocks and stick with the moving average chart system. I'll keep you posted as to my results. Every night I go to sleep and promise I'll never gamble again and stick with the system. I hope it works better than my promises to go on a diet tomorrow.

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