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Dan Zanger Trader's Log3

The document discusses the challenges of determining when to exit a position during a parabolic price move that is accelerating into a peak. Traders who exit too early risk missing out on further profits as momentum increases, but those who wait too long to exit risk giving back all of their gains as prices fall sharply after peaking. The document includes an annotated chart of the Ultra Silver ETF as an example of this type of parabolic and volatile price move.

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902 views

Dan Zanger Trader's Log3

The document discusses the challenges of determining when to exit a position during a parabolic price move that is accelerating into a peak. Traders who exit too early risk missing out on further profits as momentum increases, but those who wait too long to exit risk giving back all of their gains as prices fall sharply after peaking. The document includes an annotated chart of the Ultra Silver ETF as an example of this type of parabolic and volatile price move.

Uploaded by

L
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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9/7/21, 11:38 PM Buy, Hold and Fold Tricks of the Trade - Traders Log

biggest challenge is that profits increase since momentum


accelerates into the peak. Traders who exit too early risk
leaving money on the table. Those who exit too late risk giving
all their profits away. It’s not the type of move for the faint of
heart.

Figure 2 – Post mortem on the rise and fall of the Ultra Silver
ETF AGQ with Zanger’s notes. Note the clear parabolic move
and blowoff in late April, 2011 followed by the cliff dive. Daily  
Chart courtesy ChartPattern.com
https://www.traderslog.com/buy-hold-fold 5/16

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