Long position in GXY and the lithium sector
Updated
After GXY put in a clear bottom and started its up trend momentum, I have taken a small position at 1.30 (could have got a better entry tbh and was in the red for a week or so) but have since added to the position making my current entry average 1.37 as of the 11/11/2020. This is more of a position trade with my long term view that lithium miners will benefit from the growing demand form lithium as electric cars become more popular. I would hope to hold for the next three to five years and continue adding to this position when my finances allow. I will keep my stop at break even and continue to move it up if GXY continues to rise.
Note
Ive closed this position at 2.20 to lock in some profits. Im still bullish long term but will look for a re-entry at a lower price.
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