It’s easy to get caught up in the trading frenzy currently taking place in the junior resources sector – but I’ve stated over and over again that you don’t chase parabolic charts. If you missed a boat, you miss a boat. Better to let it go then get burned by the avalanche that is very likely to take place after a parabolic move.
IF … IF …. IF you insist on jumping aboard a parabolic move on expectations it is still going higher (it’s your funeral), then you MUST set very tight stops. Otherwise, you are purely throwing a desperation Hail Mary … and shouldn’t be in the market.
Here is the latest example of post-parabolic carnage …. somebody got hurt. Don’t ever let it be you:
