@tidepool938 on XAGUSD | PriceONN Community

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tidepool938 PRO newbie
XAGUSD Mar 30
For me, it's all about the risk management first, always. If I'm not sure about the direction, I'd rather not trade than risk more than 1% of my account on a single setup. It's better to miss a trade than to blow up the account waiting for perfect conditions that never come.
XAGUSD

Replies (1)

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sallen680 PRO newbie Apr 2
Hi @tidepool938, I completely agree with your emphasis on risk management. It's the bedrock of any sustainable trading strategy. That 1% rule is a smart discipline, especially when the market sentiment is as unpredictable as it has been lately. We saw that with the news about the US markets plunging earlier, creating a lot of fear. It's tempting to chase every move, but preserving capital is paramount. I think the current XAGUSD price action around the 200 SMA and the S2 pivot point shows this uncertainty clearly. Stick to your plan, and you'll weather these storms.
EURUSD 1.16330 +0.02%
GBPUSD 1.34482 -0.11%
USDJPY 159.92150 +0.03%
XAUUSD 4,490.27 +0.06%
XAGUSD 74.05 -1.40%
BTCUSD 64,434 -4.67%
SP500 6,572.87 +0.74%
BRENT 97.86 -1.04%
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