Good to see $17.30 today. 30 cents is a decent trade, but I have $17.50 on my mind as reward for timing the bottom well. No, the timing wasn’t on purpose, I have to pick targets and spend my time in meetings but it worked out better than usual, and I think $17.45-17.55 makes good sense.
Silver of $17.50 seen and met.
Tranche sold. Thanks.
Still net long and looking for $18 plus.
The $17.40 to $17.70 scalps while waiting for $18.00. Nice to see $17.80, made a better than usual scalp, now just need a little more oomph to $18. Come to Papa!
Nice to wake up to Ag on the plus side of $18.00
If it stays there until the trading window opens then will take some good profit today and contemplate short.
Let me tell ya how that worked out. Had some minor surgery scheduled at market open and took my best guess on sell price for the long and then the corresponding short entry.
Missed by about 2 cents. By the time I was out of surgery the price had fallen from $18.30 to $18.20, and I was not in good shape to be making decisions.
bummer, would have been able to cash in on the short as well today.
Ah but it's the weekend. And I've got the surgery behind me. I think we get another bump up so I can get my price.
For anyone trading silver, it's traditional that as the end of year approaches the price moves down. Of course it doesn't happen every year, that would be too easy. Right???!
This week was hard on my trading mind. Having predicted correctly, and bought positions then not being able to transact when the shining moment came just sucked. I missed out on a cycle down and up as well.
Hard to sit and think what to do...getting out of step with the dance and having to find the rhythm and get my bearings.
All while being heavily long.
Made me reluctant to go further long yesterday on that dip to $17.60ish, and I didn't as I'm cautious, had I been less long I might have.
Looks like I got it right about going back over $18 again though. Exited a tranche at Ag=$18.10
Still long but may also get short some depending how the day goes, time and price.
Lost out on a pretty trade, but sometimes life just gets in the way hahaha.
I have this note in my Calendar:
November is seldom a good month for metals.
So I bought a short tranche yesterday with price still above $18.
Sold it today around $17.65.
So far, so good. But I'm still net long! Volume is low and I think we see $18+ again before it all goes to heck, so....
Increased long position at Ag=$17.65
The ice is thin so here's to skating fast.
Went all in with my last tranche at Ag=$17.53. Will exit this tranche today for any kind of gain I can get.
Exit that tranche, at Ag=$17.63. Same day I bought it. Whee, 10 cents. Never mind, it's a discipline thing.
PS where is the volume on the move we had today?
Some serious damage to the silver chart.
Bought a long tranche at Ag=$17.39