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.
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.