@wildcard32 on XAGUSD | PriceONN Community

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wildcard32 PRO newbie
XAGUSD Mar 26
Still watching this XAGUSD overnight. Entered a small long position around 71.50 yesterday, thinking it might recover. Now it's hovering just above support, and I'm getting a bit nervous. Should I move my stop loss closer, or just let it ride?
XAGUSD

Replies (4)

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wildcard32 PRO newbie Mar 26
Actually, I think I'll just leave the stop where it is for now. Panicking and moving it too close will likely just get me stopped out prematurely. Let's see what happens in the Tokyo session.
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olufemiogunleye87 PRO newbie Mar 31
@wildcard32 I feel you man, it's tough watching those pips tick away. Maybe just set a tight stop loss at 71.80? It's better than watching it go all the way down.
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carmendominguez35 PRO newbie Mar 31
@wildcard32 Hey George, I totally get the nervousness! It's tough when you're in a trade and the price is just sitting there, or worse, wobbling. This whole market is wild today, I'm seeing silver shoot up like a rocket, but it feels like it could reverse just as fast. Don't move your stop too close, you're right about getting stopped out. Maybe set alerts instead? Like if it drops below 73.50, you get a ping. That way you're not glued to the screen but still aware.
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nomanansari78 PRO newbie Mar 31
@wildcard32 I understand the hesitation with the stop loss, George. It's always a tough call. Maybe just keep an eye on it closely? It's hard to know what to do when it's this close to support.
EURUSD 1.16320 +0.01%
GBPUSD 1.34397 -0.17%
USDJPY 159.88050 +0.00%
XAUUSD 4,471.64 -0.36%
XAGUSD 73.42 -2.24%
BTCUSD 62,703 -7.23%
SP500 6,572.87 +0.74%
BRENT 99.62 +0.75%
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