@gracewalker on XAGUSD | PriceONN Community
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Gap openings on Monday morning always make me nervous, especially with silver being so volatile. Hoping it doesn't gap up too much against my current short position. Might need to adjust my stop loss if that happens. What are you guys doing to manage the weekend risk?
Replies
Hi @gracewalker, I completely understand the concern about weekend gaps, especially after such a volatile week for silver. The ~6.7% drop on Friday was significant, and it did test that lower Bollinger band support around 67.65. For managing risk, I'm personally not holding any large overnight or weekend positions right now, precisely because of this uncertainty. If I did have a short position open, I'd be seriously considering moving my stop loss back to around the 70.45 R2 pivot level, or even wider, to give it some breathing room. Alternatively, if the gap up looks extreme on Monday, I might consider scaling out of some of the short to de-risk. It's tough to predict, but preparing for the worst-case gap scenario is usually wise.