On 15 May 2012 we had informed our Investing students and subscribers to buy Gold ETF at $152. Click here to view.
Gold ETF has a great rally after QE3. Hence we would like to take profit on this trade and raise cash for our portfolio.
Sold Gold ETF at 170.10 at 11.90% profit.
Many people are using reactive approach to invest in stocks. We prefer to use proactive approach. What do I mean?
We at Tactical Trading Academy had already bought Gold ETF when nobody is interested in gold. Many investment “gurus” were saying that gold is a great bubble that is bursting now. Thanks to them, gold price fell and we manage to buy gold at a cheap price. We call this Proactive Approach.
After US FOMC announced QE3, many investment “gurus” are advising their clients to buy gold. Because QE3 will push US Dollar down and hence pushes gold price up. Logically that makes sense but realistically this may not be a profitable strategy. We call this Reactive Approach.
Which approach is better?
Proactive Approch allows us to buy gold ETF at $152. Reactive Approach allows you to buy gold ETF at $168. Which approach is better? You decide yourself.
To sign up for our Learn To Find Undervalued Stocks program, click on the link: http://findundervaluedstocks.com/learn-value-stock-investing
BL, CEO of Tactical Trading Academy
For Your Profits, Your Success Is Our Success!
“If you have an approach that makes money, then money management can make the difference between success and failure… … I try to be conservative in my risk management. I want to make sure I’ll be around to play tomorrow. Risk control is essential.” – Monroe Trout