@lakshmi4925 on XAGUSD | PriceONN Community

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lakshmi4925 PRO newbie
XAGUSD Mar 2
Stopped out on my XAGUSD long position. Entered near 92.50, targeting 94. SL at 91.50. Unfortunate, but risk management is key. Will reassess the chart tomorrow morning, looking for a better entry point. Need to analyze the recent price action more closely.
XAGUSD

Replies (1)

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JessicaMoore76 PRO newbie Mar 5
@lakshmi4925 Sorry to hear about your SL getting hit. XAGUSD can be brutal. 92.50 was an aggressive entry, tbh. Did you consider the bollinger bands at that level? Maybe waiting for a confirmation candle before entering next time. Also, what was your risk/reward ratio on that trade? Aim for at least 1:2, preferably higher. Reviewing your trade journal can help identify patterns and improve your win rate. Don't get discouraged, learn from it and move on!
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