Loading ...Silver in no-man’s land
Monthly chart is my final refuge… if technicals break on this time frame… I’m not gonna wait for quarterly or yearly candles to save my butt!
Next month is key… like usual. If I had a little guts, I could …. nah!
And here is COT… because the data stops Feb 25th… we don’t have the carnage data… The cot index must of jumped to the upper band.
Otherwise… looked great
Obviously the Secs Liquidated and their contracts were “retired”
Open Interest dropped drastically.
Is playing silver futures really a good idea ?
30 to 1 leverage could bankrupt you on a day like this
Everybody got have risk and money management protocols… indeed could wipe you out. Not for everybody.
After having tried the futures markets decades ago (small bets, tiny losses), I stopped and cannot recommend the practice.
However I have to say that no one *forces* you to use margin. You can in fact put lots of cash in your account and use no margin. I think that’s what I did.
I think there’s still too much risk from the crookedness of the markets (or is it “markets”?).
Exactly Karl. There is now a wide range of futures for silver and gold.. with different sizing. If you have the nav equal or greater than your total posison size.. you can ride it all the way to zero.