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XPTUSD

Platinum- 1200 on medium term?November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017. At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the next important zone at 1200. Buying at 1010-1020 zone could be a great trade for the medium-term and only a drop under 950 would change this bullish outlook
OANDA:XPTUSDLong
by Mihai_Iacob
3
Platinum Flying To The Cloud Friday, 4 December 2020 20:24 PM (WIB) What could give a profitable return on ROI besides Gold and Crude Oil is Platinum. Once we hit the target without losing our funds, we could achieve a huge profit on these market. Now, Platinum is on the way to the sky, but it seems to need a retracement move first that might be landing at 1000 areas. A very strong upraising movement we can see at the base ground support and rising wedge formation at the highest high. I will use a very safe order on Platinum with 10% of my funds, with a loss stop at $300. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
OANDA:XPTUSD
by RyodaBrainless
Platinum: Something To start...Hi Guys, it struck me the other day how similar these movements are. Then I discovered that Platinum has a very important industrial link with Oil Refining. Platinum is used in the processes known as reforming and isomerisation, which create the higher octane components for gasoline. Platinum is key to the production of gasoline - without it, refineries would not be able to produce enough gasoline to meet current requirements. Can this be the explanation for their similaritis? How can such behavior be studied in the long-short and medium term? Please share your views and comments below. Thank you for your support and for sharing your ideas. Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
TVC:PLATINUM
by cozzamara
6
50-80% ROI since March Lows for these MetalsTake a look at this comparison chart and see the ROI for these few important Metals performance. The best is COPPER and the worst is Platinum since the March Low. I am investing for the long term and will wait for healthy correction to add more long positions. And I have reiterated the volatility of this PM and personally, I do not take a large positions in each of these PMs. I am often asked how to diversify your portfolio ? The answer is pretty straight forward. It depends on the size of your capital. If you are starting out with a small capital of say 5 to 10,000, then I would say 50% in SPX500 and the rest in growth stocks. If you have 100,000 to 500,000 then it becomes easier to allocate a certain % of your capital to other assets class like PMs. And even then, start with 1 or 2 before adding as this over-concentration can cause some traders/investors sleepless nights like the recent March crash. Imagine you have all 5 of these PMs, a 10% fall in 1 metal is amplified by 5 times if you purchased all though the reverse is true as well. So, how much risks you can stomach has also to do with your capital base and your personality, imo. Also, there are many complicated instruments out there being promoted by various brokers like DLCs, leveraged ETFs, options, etc. Personally, I do not have expertise in these instruments and would not comment if it is worthwhile. Just managing my own portfolio across commodities, stocks, futures, ETFs, currencies IS MORE THAN ENOUGH for me to handle. Then again, to each his own. If you have the bandwidth and knowledge , it is OK to expand your investment reach into these new products. But always start small and gradually inch in as you gain more confidence.
OANDA:XPDUSDLong
by dchua1969
2