Added to losing position in GDXJ

I’m still not up to a full risk position in GDXJ LEAPS, the ones I bought expire in Jan. 2023, and I am about half way to my desired position size. Of course, if the trade starts working out and showing me unrealized gains, I could get quite a bit “heavier” into the position, sometimes as much as double or triple my original planned size. However, I am always trying to keep the Total Risk (TR) near my original amount.

Members can get all the details in the tabs above, including revised protective stop levels, but here is the WEEKLY chart of GDXJ. Once again, we can see GDXJ iw well oversold on the technicals, but it also could be that it wants to come down and the red 200 week MA, in which case I would increase my position size to full risk with full size. Since this is a weekly signal, I expect to be in the trade a minimum of 6 weeks, maybe as much as 10 or 12 weeks depending on how well the trade is working.

Late afternoon update, added to my UROY (Uranium Royalty Corp). I used barcharts.com for the larger graphics on something like UROY which is less actively traded, in case readers wonder why I alternate between charting services. I’m still not up to a full position as defined by my Total Risk (TR) levels, but I keep buying until I get there, as long as I am not stopped out.