I want to accumulate SILVER, you ?
Updated
It is said that the Market is a great place to test one's patience. I couldn't agree more.
Just because the arrow says it would hit south does not mean one must sell than buy. We can WAIT. YES, WAIT patiently.
First thing first, any authors that put forth their charts here are meant to share their thoughts, beliefs about the market, knowledge, analysis, etc. He/she can be right or wrong but more importantly, if you are heeding their calls, please ensure you know what you are doing.
I used to follow some authors (turn out some are scammers and some just want you to sign up their courses) and was blindly trading once upon a time. If I win, I am happy and frustrated when I lose. My joy is dependent on their trade calls. Not anymore.
I decide to learn things on my own , make my own mistakes and make my own money, big or small. That to me is the right thing to do.
Again, just because it takes 3 years for silver to break out of its bearish trend does not necessarily mean it would not return to the bearish trend once more. For now, I am just monitoring and awaiting.
How about you ?
Just because the arrow says it would hit south does not mean one must sell than buy. We can WAIT. YES, WAIT patiently.
First thing first, any authors that put forth their charts here are meant to share their thoughts, beliefs about the market, knowledge, analysis, etc. He/she can be right or wrong but more importantly, if you are heeding their calls, please ensure you know what you are doing.
I used to follow some authors (turn out some are scammers and some just want you to sign up their courses) and was blindly trading once upon a time. If I win, I am happy and frustrated when I lose. My joy is dependent on their trade calls. Not anymore.
I decide to learn things on my own , make my own mistakes and make my own money, big or small. That to me is the right thing to do.
Again, just because it takes 3 years for silver to break out of its bearish trend does not necessarily mean it would not return to the bearish trend once more. For now, I am just monitoring and awaiting.
How about you ?
Note
it is coming down to the disappointment of many bulls buyers out there. I have said before, commodities are volatile instruments and it can make you bleed and spit or laugh to the bank within hours or days ! Not something for the faint hearted. Then again, it is not a MUST to trade this , just because others are doing it , you don't have to follow. It is better to make money out of boring products that you are good at than to make losses or miserable profits at popular products that are talk of the town. Remember, you are in the market to make money as the sole objective, secondary being to acquire knowledge (anyone disagree ?),etc. Don't ever forget this fundamental rule !!!Note
Ah, a nice bearish engulfing candle, meaning lots of sellers out there now. 16.641 is very likely to be hit this week, let's wait patiently for it at that level. The aggressive buyers may put a buy limit order but I prefer to have more confirmation when the price touches that level and see how it goes from there. Do what you are comfortable with, everyone may have a different strategy. Not all traders find it fun to monitor price while others like the thrill or have the confidence of how price action turns out behind their back. To each his own.
Note
if you have sold Silver or Gold, congrats. If you are like me awaiting to buy, then we should be happy as price has come down lower for us. It closed below the support of 16.64. I am not biting the bait yet, expecting more selldown next week.
Note
those who followed this trade post and bought some silver would be pleased to know their returns are pretty substantial. I believe there is still room for growth
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