oe123

Trade Results For Silver Futures

Short
COMEX:SI1!   Silver Futures
When you enter a market and price begins to move in the opposite direction of your position, you at times and at your discretion will make the choice to ride the market through. That means you must have enough in your account balance to ride the highs or the lows depending on your trade position. As you can see here, my entry on May 2/18 was a short position @16.296. Then you see the market rise against my position for awhile. Then eventually price begins to fall back in line with my position allowing profits before exiting the trade this morning @14.425. This is not a strategy I recommend for beginning traders or for traders in general because this type of trading can lead to losses of which I don't have to explain here. The only way you truly win with this decision to trade a market this way is to be "tuned in" and hone your skills. Never trade with emotion. Trade by feeling and know there is a vast difference between the two and they are often used interchangeably incorrectly. Emotion is fear, happy, sad, livid, agitated. Feeling is intuition. Know the difference.
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