Has SLV Bottomed?
- Thread starter cactiman
- Start date
-The New $SILVER (Spot Price) Uptrend-
June 28th: Low of 18.17
July 23rd: High of 20.59
August 7th: Higher Low of 19.10
[August 9th: Closing Price above the 50 day SMA]
August 12th: Breakout above 20.59, closing at 21.37
[August 14th: 20 day EMA crosses 50 day SMA]
August 16th: Higher High of 23.40
June 28th: Low of 18.17
July 23rd: High of 20.59
August 7th: Higher Low of 19.10
[August 9th: Closing Price above the 50 day SMA]
August 12th: Breakout above 20.59, closing at 21.37
[August 14th: 20 day EMA crosses 50 day SMA]
August 16th: Higher High of 23.40
Quote from cactiman:
Probably at break even or better by now.
Enjoy the rest of the ride!
Market has no idea if his position is at BE or not, but he knows, whether knowing is good or not is debatable
Quote from Trader.Fighter:
Market has no idea if his position is at BE or not, but he knows, whether knowing is good or not is debatable
Market has no idea if his position is at BE or not (Of course)
But he knows (I would assume so)
Whether knowing is good or not is debatable (How can it be bad to know your average price??)
Presuming from various sources there are quite a few investors having averaged down silver and gold's fall this year. Usually a pretty bad idea (can't think of a reason why it would). Wonder when (and what will be the result) this collective of holders will decide to sell though. I hope they all get out well.
ie You close your trade when it's finally acting right to make sure the previous psychological pain does not return