Added to WINNER in MUX, update, and some charts of interest

So far, all I have done today is nibble on some more shares of MUX, adding to the pile and now right up near a “full position”, as defined by my total risk on the position. Should the stock go higher, I can always add easily as long as I keep my total risk fixed. Some recent leaders in the mining group are looking as if they want to stop dropping and maybe turn higher. A chart of interest to me and representative of my observation, is a stock like Hecla Mining (HL). While I no longer own this one outright, it is a large holding in the SILJ etf, which I am heavily invested in. Take a peek at the chart,and notice the stochastics, MACD, etc all oversold and turning higher on this daily chart, but its happening on the weekly chart as well, for those that need even more confirmation.

Another one I mentioned yesterday was DSVSF (Discovery Silver) as one I wanted to add to my holdings, but today we see a classic “false breakdown” below the 200 day MA on the daily chart. If this strength can hold or build on itself, DSVSF is another that looks as if its decided to turn and go higher for awhile. I already have a full position on this stock, but long time readers will know I often go over the amount of shares I originally planned based on my total risk, as long as I keep my total risk fixed I can get bigger positions because I also have unrealized gains as part of the cushion. This allows me to get much more aggressive in winning positions, meaning positions in which I have unrealized gains. Nice chart, take a look.

Unfortunately, I was a little to stingy with my bid prices yesterday, so didn’t get any extra shares in KWEB (up 4% as I type), or NOVRF (jumping another 9.5% so far). While I already have decent sized positions, on the items I wanted to add to, I will now have to make a decision whether to add into strength or not. I will decide before the close, can always add later in the week, as well. Let’s see what sets up, or if we get a mid-day pullback to let me buy more shares. It might just end up being one of those great days for a trader, where he can sit back and watch his accounts grow without doing too much, since all the work was done ahead of time! Members should check the other tabs above to find current stop levels when they have been adjusted, and position sizes, unrealized gains and losses, etc.