Comments on: MXI.V Merrex Gold – Exploration Mining Stock In Mali West Africa

By: Sector Overview Chart Lists

Sector Overview Chart Lists — Sat, 27 Mar 2010 18:47:52 +0000

[...] – Iamgold SMF.TO – Semafo KGN.TO – Keegan Resources MXI.V – Merrex Gold VTR.TO – Volta Resources RVS.V – Riverstone [...]

By: Expecting The Markets To Pull Back In An Orderly Fashion

Expecting The Markets To Pull Back In An Orderly Fashion — Thu, 11 Mar 2010 00:56:39 +0000

[...] MXI.V – Merrex Gold: The stock has outstanding potential. Almost all West African Gold Mining Stocks I watch are doing pretty well. But MXI.V has turned out to be a losing trade. The only thing one can do is to cut one’s losses short. This trade will serve as a great reminder to put more emphasis on being disciplined going forward. My plan is to exit any trade once a predefined maximum percentage loss is reached. The percentage will depend on the stock and its pattern. I have applied this rule to my overall portfolio in the past. A draw down of 30% is the ultimate signal to go to cash and take a break. It is a clear sign something is wrong and things need to be reassessed. For single stocks the maximum loss should be less than 30%. In any case, a loss greater than 30% should be avoided at all cost. This goes to show traders have to be willing to constantly improve, adapt and apply necessary changes in order to improve their performance. [...]

By: Follow Technical And Psychological Rules When Selling Into A Bounce

Follow Technical And Psychological Rules When Selling Into A Bounce — Sat, 13 Feb 2010 00:34:32 +0000

[...] of yet my plan is still to unload or at least further reduce my MXI.V – Merrex Gold position if the stock can manage to bounce. I have written about how important it is for a stock to [...]

By: AGQ Proshares Ultra Silver ETF – Bullish Reversal Hammer Candlestick Pattern

Sat, 06 Feb 2010 04:07:36 +0000

[...] quite a while now there is no need to rush things. My plan going forward is to further reduce my MXI.V – Merrex Gold position which has now become so small it can’t hurt me. On the other hand I am looking to [...]

By: MRZ.V Mirasol Resources – Displaying Typical Winning Stock Trading Characteristics

Wed, 27 Jan 2010 22:59:17 +0000

[...] and is making me money. I am now willing to add to my position whenever good opportunities arise. MXI.V – Merrex Gold on the other hand has not proven itself yet. Winning traders don’t average down. There is [...]

By: Further Reducing My Market Exposure

Further Reducing My Market Exposure — Mon, 25 Jan 2010 21:57:07 +0000

[...] weekend I would have expected the markets and my two positions MRZ.V – Mirasol Resources and MXI.V – Merrex Gold to bounce today. It really comes down to being in sync with the markets and the stocks you are [...]

By: Gold Making A Lower High – Staying Cautious

Gold Making A Lower High – Staying Cautious — Thu, 21 Jan 2010 02:38:47 +0000

[...] junior gold miners look much better. My two portfolio positions MRZ.V – Mirasol Resources and MXI.V – Merrex Gold are my first ‘Test Balloons’ this year. I am being very conservative regarding my [...]

By: Gold Price Correction Looming – ABC Move Price Target 1.000 US-Dollar

Gold Price Correction Looming – ABC Move Price Target 1.000 US-Dollar — Wed, 13 Jan 2010 02:24:12 +0000

[...] now I am basically testing the markets with my positions in MRZ.V – Mirasol Resources and MXI.V – Merrex Gold. I still do not want to be overly aggressive at this point in time. The way both trades pan out [...]

By: MRZ.V Mirasol Resources Establishing A New Trading Range Above 2.00 CDN$

MRZ.V Mirasol Resources Establishing A New Trading Range Above 2.00 CDN$ — Mon, 11 Jan 2010 22:55:40 +0000

[...] MXI.V – Merrex Gold my other portfolio position so far is holding up very well. I particularly like the fact it is starting to build pressure trading slightly below a significant round number. If the stock can take out the 1.00 CDN$ level it could really move. Chartwise everything tells me this is a high probability outcome. Now it depends on how the next set of news will look like. You know the name of the game. The chart is saying odds for good news to come are extremely high. I don’t know how single trades will pan out. But as long as I focus on proper execution a high number of trades will make sure I will come out ahead. The MXI.V – Merrex Gold chart looks great. Pressure is building. [...]