7:58 am PST. I sold JDST way too early. I got in on JDST at around $13 and exited yesterday. It is always the last wave that is the most dramatic as everyone heads for the exit doors at the same time when it becomes most obvious. Here GDXJ is nearly reaching my target. It takes a lot of training to see where prices will likely go, but it takes another kind of conviction to trade one’s own perceptions. I could just die because I missed today’s move. All that work and you have to make it pay. Experience counts for so much.

The crazy thing is that even the Market Makers are only going in today with bigger lots. Even for some of those guys/gals, they wait until it becomes very obvious. For example, I saw 1.5 million shares block traded on GDX at 22.29, and then NEM 506,000 shares at 32.79. It is a little late, but they did get some short-term movement on the prices. I know some caught most of this move down today. I want to be one of those traders. I want to be one of the best traders. One day, I will see my own block trades on these indicators.

I think in a few years, I will execute my trades much more precisely catching most of the gains in the moves. I will not give up.