In the futures market, a $1 negative move = -$5,000 per contract. Basically wiping out your margin. I'd consider that a pretty big move.
Just shows how big of a noob you are in commodities.
Silver Head, and Shoulder?
- Thread starter alexandercho
- Start date
In the futures market, a $1 negative move = -$5,000 per contract. Basically wiping out your margin. I'd consider that a pretty big move.
Just shows how big of a noob you are in commodities.
Oh so you shorted at the daily high and covered by the daily low? I thought you were scalping in & out? Only $5,000 balance margin in commodity trading? Now that's truly piker.
So are you accomplishing all these trades you post a few min after the move on your simulator account? You up to a bil sim dollars yet?
LOL!
A 3% move in Silver is not significant anymore and has not been for a year(s). 10%, which happens every 1-2 month in silver, now that is a sell off.
You're quite sad, yet strangely entertaining.
When I mean sell off I mean an intra-day sell off, and obviously a $1.00 move will heavily impact a trading account that trades on margin.
Also a $3.00 move would take out $18,000 per contract out of your account. Dude stop hiding behind your annoying facade, and just admit it. The markets sold off like a brick.
Also a $3.00 move would take out $18,000 per contract out of your account. Dude stop hiding behind your annoying facade, and just admit it. The markets sold off like a brick.
Oh, and by the way ET requires you to wait additional time before adding posts to to it. Just a reminder.
Also a 10% sell off tends to happen over a scope of a couple days, not in the scope of 1-5 hours.
In other words this could be the beginning stages of a major sell off, that's all I am trying to point out.
Made a buy entry on silver at 29.89
closed for a minor loss at 29.87
buy entry at 29.855
sold 29.87
buy entry at 29.860
buy entry at 29.855
sold 29.87
buy entry at 29.860
sold 29.91
Putting aside that you were a known paper trader from your first set of posts, I will just focus on that point.
Silver has had stronger intraday sell-offs on a regular monthly basis. So you are speaking pure nonsense and only continue to exhibit that you are a clueless newbie. There is absolutely nothing about today that screams major sell-off. If anything, a day like this and maybe a few more are to be expected, as silver needs to pull back. In fact, a 10% retraction is due, and I hope it happens sooner rather than later due to my upcoming purchase.
You're trying too hard to short. Why don't you first try funding a real account.