This blog records my ongoing investment activities 'buying consistently in different companies regardless of market conditions at different times' and my index futures and forex trading activities
Wednesday, May 4, 2016
Successful: Short Silver
4H chart silver chart was showing signs of weakening and that silver is going down. Took a short at silver and got to endure abit as it went against my trade for abit before crumbling down :)
Trading Plan:
1. Trade with the trend
2. Trade when there is a price action reversal with the trend continuation
3. Place SL on previous high/low candle (Limit my loss)
4. No TP. Let market decide when to exit (Let my profit run)
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Slowly getting out of the hole you are in ;)
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