carrytrade
Long

Can you be patient enough?

COMEX:SI1!   Silver Futures
159 4 4
I have moved a substantial amount of my Forex profits over the past 3 years into silver             bullion.

Nothing feels better. Why do you need so much in your account anyway?

Let me let you in on a little secret: LEVERAGE. if you are trading with proper money management, you will ever only need 5% of your net risk capital into any one brokerage.

if you are trading at 20:1 leverage that means you are in effect using your entire risk capital, without having any exposure.

So what I have effectively done is converted CASH profits from speculative trades and moved them into an essentially risk free TRUE FORM of money (intrinsic value, not perception based like bitcoin             and the FX).

The reason I say it is risk free is because I bought at a great price. Silver             may touch $15 but it will not be able to sustain those levels for more than 6 months without an extreme snap back to $20+.

Eventually the cup and handle will play out. I'm a huge tech head and the fact that this market looks as beautifully technically as it does fundamentally just makes me an extreme bull.

I hold 15% of my net worth into silver             from average price $19.70 and best price $19.17.

I will increase to 30% net worth at $15 and 50% net worth at $11 zone

To the moon to the moon! Same with Aussies. Aussies will be on fire for the next few months at least.
Bulls are back with a vengeance.
The fact that some people are still so bullish on silver makes me even more bearish mid term.
That said, nothing goes up or down forever, there were/are/will be great trade setups on both sides of the market.
Putting 50% of net worth in such volatile market as silver is a financial suicide IMO.
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you don't understand. its a 30 year cup and handle. it's not going below $15 for long.

you actually believe its going under $11? do you know what year it is and what has happened in the last 6 years?

if i hold 50% net worth at an average price of around $13 or $14, i will never be down more than 20%. It's not going under $10.

there's literally no chance of it. this wasn't a bubble, it was real money. only $18 to $50 was a bubble.

anything under $18 is real money.
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SS96 PRO livingtrancefully
The more i see and hear comments like these the more weight extended bear market case has in my view. commodities are known to retrace entire moves..
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I view $13 as the most important level on the chart from a support perspective. I hope we don't have to go there, but that would be the lowest risk entry point for silver that I can find on the chart. I see your $15 line as a good level to buy and I agree that is a good level. Perhaps I can say that $13 is a great level to enter based on the highest number of bars at that level. 12-quaterly bars of time were spent down there at $13, so that is massive support.
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