SLV - Long bear trap opporutnity Long

iShares Silver TrustArca

Description

⋅ Jun 16, 2022 4:10 PM

Price is moving up from the 9 month support level. Two bear traps in May and June and now price is breaking out.
Formulate a plan with solid money management. What if it doesn't work out? How will you respond?

Define how much you're willing to bet. Anything can happen (Mark Douglas)

Risk: 180 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)

Comment

⋅ Jun 22, 2022 7:41 PM

Exit 50% of position, sign of weakness. Risk management first.

Trade closed: stop reached

⋅ Jun 23, 2022 3:51 PM

Out entirely. Jammed my stop because showing signs of weakness. Original risk of 180 bps cut down to 90bps .