What a wild ride on silver... i wouldnt bail out here, we are in a wave B. When this correction is done the real fun will start !
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great opportunity to load the boat with your favorite silver plays... and dont forget copper, it's going next ya know. ;)
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I was stopped out of Vizsla today on the drop below the gap, which is bearish and has formed a potential island reversal. Trading something this volatile and full of gaps is really high risk. Ive been adding to this thing since the spring but im stepping aside until i can get a better take on the chart. Silver markets are getting frothy now so it might be a fakeout drop but for now im outta there. Ill probably buy it back later and ill post here an idea if i do.
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Possible C wave buy. Exit below A wave. Rebuy back above A wave.
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I'm back in... she's cheap and at support... be sure to set some stop loss on this biatch... or you could get burned!
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Bull flag buy.
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need to regain 2.25. i think it will but might stop more folks out first.
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let's take another stab at this thing. I loaded some shares of this yesterday and a few more today. This is how i roll. Get out, get back in, get out, get back in. Sometimes it works out, other times i end up with a loss. Anyway this correction is making a lot more sense now. Let's see how it goes from here. I still think Vizsla will be a killer so i dont want to leave the gate without it in my stable!
@francoisxdubois, update is ya should've used stop losses as i stated numerous times above. Seriously dunno if id sell it now though if i was still in. It *should* find support around 1.40 (ish) ... no guarantees.
etfsandstuff
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@etfsandstuff, just a FYI , i ended up buying some of this today at the close. The actual fact you were panicking was the deciding factor on buying this today instead of later.
No offense, but i want to buy what people are scared of. But hey i could be wrong and it might keep going down. Do your own due diligence and i do not advise trading on ANYONE else's advice. That includes me!