Un-DIG

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At the risk of seeming utterly capricious, I will say that I got out of my DIG position soon after I got into it.

Why? Three reasons.

  1. Volume Counts: The fact that the volume has been steadily falling for an entire year shouldn't be ignored.
  2. Gold Envy: I realized a big part of this trade was to compensate for regretting not getting in on gold. That's illogical and a poor basis for a trade entry.
  3. No Breakout: Yes, it's a nice inverted head and shoulders pattern, but there still isn't a breakout. Until there's a breakout, it's simply in formation.

Total loss? Three-tenths of one percent. I can live with that. But a handful of folks seem to get upset when I state a position and then they find out later I'm no longer in it. So I'm trying to make a bit more of an effort.

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