After GXY put in a clear bottom and started its up trend momentum, I have taken a small position at 1.30 (could have got a better entry tbh and was in the red for a week or so) but have since added to the position making my current entry average 1.37 as of the 11/11/2020. This is more of a position trade with my long term view that lithium miners will benefit from the growing demand form lithium as electric cars become more popular. I would hope to hold for the next three to five years and continue adding to this position when my finances allow. I will keep my stop at break even and continue to move it up if GXY continues to rise.
Kommentar:
Ive closed this position at 2.20 to lock in some profits. Im still bullish long term but will look for a re-entry at a lower price.