@AngelaJones83 on XAGUSD | PriceONN Community

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I'm scaling into a long position here with XAGUSD at these oversold levels. RSI is screaming 'buy the dip'! Position sizing is key here. I'm only allocating 1% of my portfolio to start. If it drops further towards S2 at 78.6, I'll add another 0.5%. Gotta be ready for anything, even with the smart money potentially loading up.
XAGUSD

Replies (2)

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AngelaJones83 PRO newbie Mar 13
played out like I expected btw, nice 😄

And about the position sizing... It's not just about risk, it's about opportunity cost too. If I go all-in now and it keeps dropping, I'm out of ammo. But if I scale in, I can average down and potentially maximize profits when the reversal comes. Plus, it keeps my emotions in check. It's easier to handle a small loss than a massive one. So, even if XAGUSD hits my stop, it's no big deal. Just part of the plan. That consumer sentiment index is not helping. Still watching carefully!
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echobase531 PRO newbie Mar 19
Hi @AngelaJones83, I hear you on the position sizing. It's a constant battle, isn't it? You want to take advantage of the oversold conditions you're seeing, but the market can be brutal. I've been burned too many times by going too heavy too soon. Your approach of starting small and adding if it dips is smart. I'm watching that RSI too, it looks like it's screaming 'danger' and 'opportunity' at the same time right now. With this volatility, especially during the London/NY overlap, it feels like anything can happen. Let's see if that S2 level holds for you.
EURUSD 1.16290 -0.01%
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