Silver Trade

The markets have taken a bashing of late and extremely oversold.  Silver has had 10 straight down day and you would expect a bounce. Two nights ago there was a pinbar showing support and then the following day, a green bull bar. I bought at the close of this bar at 28.05 and it rode up nice today. I closed out today at 28.76 for 71 points.

I closed for two reasons… the market is still in a downtrend and after a weekend, anything can happen with the markets.

It was nice to grab 71 points particular after the oil trade where I took a 140 beating! I’m still down on points this week but hey, one must look at the context of a losing week compared with overall results over longer term!

Anyway, have a great weekend!

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Category: Make Me Some Money Ideas, Trading