Silver Idea revisited on Friday 9/18/2020 - right call

I posted an idea on 9/18 the Friday before the last one. This one turned out to be the right call at the right time. I am really not sure whether or not people paid enough attention and acted accordingly in our communities here. Even though I had some short positions against my own long-term holdings of silver for protection purposes, I didn't expect the big brutal drop that lasted 3 whole days last week. Lesson learned again was that you have to have the right exit strategy and stick to it, to avoid taking profit too early in either long/short positions. For example, using the chandelier exit or the ichimoku kijun line as the buy/sell exit point would be a good idea depending on your trading time frame with the right chart of choice (30 min, 1 hour, 4 hour, 8 hour, daily, etc).




Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.