I've been watching it closely this week, but I'm not trading it yet, so take what I say with a grain of salt.
The market's been on a tear for the past several weeks. This has been a fairly unusual run, but not unheard-of. It seems to make runs like this every month or three, though maybe not this strong.
I think holding on is the best strategy in markets like this. You reduce your trade management effort, your trade costs, your chances of screwing up an order.
My plan is to enter on a nice pullback, and as long as the DP stays ahead of the WP, I'll stay in. I'll run fairly loose trailing/jumping stops. Once the move slows down and the WP catches up, I'll tighten up the stops and look for an exit. I'll see how well it works when I actually do it.
In more normal times, grabbing small moves and running is a good strategy. But when the market hands you a bag of gold, why take just a few coins?
