I understand there are short term traders, long term traders, shorters and bulls. I do believe that GXY has a future, however, over the last 6 months I have converted from a long term (passive) shareholder of a diversified portfolio to a trader. In mid-February, I liquidated everything on a single day (14 sells) because of an ill-feeling about the world economy and the Royal Commission into banking. Since that date, I am over $50K better off in my bank account. GXY made me $1K between Monday and Friday last week. I'm happy. Didn't make any difference to me whether it went up or down today. Now that it's down to mid 280's, I'm interested again.
I understand there are short term traders, long term traders,...
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