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TFC Commodity Trading Forum

Re: Silver getting shredded again/Haligonian

Well Monday/Tuesday could typically see a low and a sharp bounce back. Everything is getting very stretched out with a lot of capitulation. Not what you call an orderly market. And it has been 11 weeks since the SPX high last July. That tends to end the cycle and start another. But the next cycle could also be another down one with a bounce 1st. My goal is always "not losing' as I learned if I didn't have nasty losses I wasn't always trying to make it back again. Much harder trading up hill. So I'll just watch for price supports on some of these selloffs and look for opportunities. If they come fine and if they don't that's fine too. I'm not going to chase things or take high risk trades.