@joshua1920 on XAGUSD | PriceONN Community
J
Anyone else nervous about a possible gap up or down on Monday with silver? The market's been so volatile lately, especially with all the global uncertainty. I'm holding a small short position, but I'm seriously considering closing it before the open just to avoid the risk. What are your thoughts?
Replies
J
Update: Thinking about it more, maybe I'll just reduce my position size even further instead of closing it completely. That way, I'm still in the game if my analysis is correct, but the risk is much lower. I guess it all depends on how I feel Monday morning, tbh. Gotta watch the news closely over the weekend.
S
Hey @joshua1920, I totally get the nervousness about the gap! It's scary holding over the weekend, especially with all the crazy news lately. tbh, I'd probably close my position too, even if it's a small loss. It's better to be safe than sorry, right? A gap could wipe out your profits so fast. Maybe wait and see how it opens on Monday and then re-enter if your analysis still says short? Or, you could set a super tight stop loss, but that's still risky. What indicators are you using?
@joshua1920 I understand your nervousness about the gap! Given the current geopolitical climate, it's a valid concern. Personally, I'd rather take a small loss now than risk a massive gap against my position on Monday. Better safe than sorry!