I've been long since before the previous low, but it's finally coming to fruition. I still have a lot to learn about doing nothing and just observing, but hey, at least the upward thesis was correct :).
Target & risk management: First target is around 26-27, looking for a continuous run up until 35. Stop loss now is 23.50, would move this up to this downward resistance line crossed today 15/12
Position: Heavy GDX call options expiring march 2021 (precious metals will run up together, but I expect Silver to outperform) PAAS long exp. april 2021 - looks like one of the strongest runners LONG XAGUSD - margin position via Interactive Brokers
Why wait: At this point my GDX call position is -25%, I expect this is from the Implied Volatility. Price usually tightens before running up.
Whatever your view, be open to change your mind! (or loose money)
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Option position is now +35%. Fallback to 24usd is possible but unlikely. I expect 25 usd to hold and keep all positions open.