Here is a chart of the SILJ etf, a junior silver miner fund I have been buying. The precious metals miners (GDX and GDXJ etf) have been in an uptrend that started back in October 2018, while the silver miner etfs started their uptrend in December 2018. I like to buy groups that are in uptrends overall, but currently experiencing a pullback, of which SILJ fits the bill. I am in SILJ for a longer time horizon and will explain in subsequent posts, but for simplicity sake and because we are using the daily chart for this setup, I will size the position using the average true range (ATR) of the last 20 days to determine expected volatility, along with my total portfolio risk (TR) of 2%. With an ATR of .25, a $100K portfolio would risk 2% or $2,000 TR, which we divide by the ATR of .25, for a position size of 8,000 shares with a stop 25 cents lower than our execution price. Then, we let the trade take care of itself.