@rvenkatesh248 on XAGUSD | PriceONN Community

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rvenkatesh248
Lol, I just FOMOed into a short on XAGUSD thinking it was a sure thing, only for it to rip back up 50 cents. My bad, gotta stop doing that!
XAGUSD

Replies (1)

hao1993
hao1993 PRO newbie Mar 21
Haha, @rvenkatesh248, that FOMO short sounds familiar! It's tempting when you see a sharp move, but as we saw on Friday, silver can be incredibly tricky. That sudden rip back up after the plunge must have been painful. I read some news about mining companies needing to modernize, and also that silver plunged over 6% this week, testing lower levels. It makes me wonder if those short-term moves are just noise within a larger trend, or if the fundamentals are shifting. I'm still learning to avoid those impulsive trades myself, especially when the market looks like it's about to fall off a cliff, only for it to reverse. Patience is key, I suppose.
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