Trying to add to a WINNER in DSVSF

Discovery Silver (DSVSF) is a silver exploration company that has treated me well so far, even after the recent slide lower, I still have unrealized gains in the 30% area. Members can verify the specifics by viewing the daily snapshot of my managed account, which shows in detail everything one needs to know in order to follow my trading decisions and their results. I haven’t mentioned DSVSF lately because it was climbing higher for a long while, and outside the areas I would consider adding. After the pullback, its now coming into a zone where I will consider adding, though still just “on the bid”, meaning I am not in any rush and just bidding for stock, waiting for it to come to me. Let’s see the chart…

So I am sitting below the current bid by a little bit, waiting for possible mid-day market gyrations to pull it down and fill my orders. If I don’t get more shares today, the same strategy applies over the next few days while I have DSVSF in focus. On the other hand, if it just starts higher now without giving me extra shares, I’m already well invested in this one so can live with that option too! Before I get too many emails asking, the stock sitting just below the 200 day MA does not bug me in the least. In fact, I’ve come to learn that more often than not, support and resistance areas will hold, rarely are they just lines in the sand. With the stock sitting below the 200 MA, my bet is a few weeks in the future, its probably well above the moving average again. It’s just an observation, and it wouldn’t change my bet even if the stock were still below the line, as everything in a trade like this now is based on my TR (total risk), not patterns, cycles or anything else. The market has already shown DSVSF to be a good one, its enough to know with proper risk control.

MUX is a similar situation in that I am sitting on gains, but not as much as DSVSF. In any case, I’m bidding for more MUX as well. Members check snapshots of daily accounts to see what moves were made, and how it affects the numbers, stops, etc on the account. Please remember that I rarely fall in love with a stock, that can get costly. If I repeatedly mention a company several days in a row, its only to let readers know I am still adding, it in no way implies I like the stock more than others mentioned, or any others in my portfolios. Its simple time for action in that name, and I’m stalking the trade.