Pulsing Palladium

a very successful trade thus far

Before this Monday, I had never traded anything to do with palladium in my entire life. However, over the weekend I decided this laggard metal was worth a shot, so I started buying on Monday.

I am ashamed to say that yesterday morning, when PALL was slipping lower, I was briefly tempted to dump it and be done with it, but I looked at the charts more and decided not only was I not going to dump it, but I was going to push deep into margin and buy a lot more. Well, thank God for that............it blasted higher yesterday, eased back all night long, and then went into blast-off mode again.

Now, I confess that I got kind of carried away and as of this morning had an absurdly leveraged position, but the good news for me is that this morning along I added 20% value to my overall account in just twenty-four hours. I decided that enough was enough, I was getting crazy, so I dialed back to only about 143% committed as opposed to almost 300%. To be sure, I'm still excited about the future of PALL, but I decided to at least take some profits since I had pushed risk way too far.