Posts Tagged silver commodity

Sold Silver for a 1:1 risk:reward profit

Sold Silver for a 1:1 risk:reward profit

I decided that I was going to short silver today, my entry was at 3200 with a stop above the previous high at 3220. My target was 3180 which is a 1:1 trade. Also 3180 was a support level which you can see in the 15 minute chart. You would expect a bounce at this level but you never know how far so I rather take my profit here. I have found that by taking at least a 1:1 trade you have a chance of making money. If you get into the habit of any less than this, you will be sure to lose mo

March 29, 2012 No Comments Full Story