@shweta5669 on XAGUSD | PriceONN Community
I am relatively new to trading silver, and I am attempting to use scalping strategies. Given the current bullish trend and the RSI nearing overbought levels, what are some effective risk management techniques I should consider to protect my capital? I would appreciate any insights from experienced traders.
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Update: I have been studying the Bollinger Bands in relation to the silver price. It appears the price is approaching the upper band. Does this suggest a potential short-term pullback, and if so, what indicators should I monitor to confirm this before adjusting my strategy? I am grateful for any further advice.
S
@shweta5669 For scalping in a bullish trend, strict SL is key. Also, consider reducing position size as RSI gets higher. emotional control is super important!