@ryanallen on XAGUSD | PriceONN Community
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Given the current market conditions and the news flow regarding Middle East tensions easing, I'm reviewing my XAGUSD positions. My primary risk management rule is to never let a single trade dictate my overall portfolio health. I typically utilize a trailing stop loss set at a minimum of 1.5x the average daily range to protect profits while allowing the trade room to breathe. For any new entries, I'm looking at levels around the 50-day SMA, currently near 73.27, as a potential area of interest if further consolidation occurs. It's about patience and respecting the stop-out levels without emotional interference.