trading

trading

Friday, 13 May 2011

U.S. Dollar Index



Closed above 50 day average price first time in approximately four months.

for more insights on dollar trade see blog 23 April



The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities

follow up, Silver




Patience doesn't mean just waiting, it means being able to sit and learn.
 Learn whatever you feel you need to learn.

for more insights regarding silver trade see blog 25 April


The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities

Tuesday, 10 May 2011

Silver's worst four-day drop in over 30 years.






According to historical precedent: 
Markets that show this amount of pronounced accumulation followed by sharp liquidation do not completely heal and repair themselves in weeks, but usually months, if not a year or more.

most important is to keep on playing the game



The most important thing you must learn in trading the market is to cut your losses short and never ever take too big a loss. I know this from my personal experience. Keep drawdowns low ( 5%loss needs 5.3%gain for recovery, and 10%loss requires 11.1%gain for recovery, and 30%loss requires 42.9%gain just to get even, think about it ) and keep on playing the game day in and day out. Remember that "position neutral is A position" and if you stay in the game long enough you make lots of money.