@ahmad2001 on XAGUSD | PriceONN Community
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I'm hesitant to size up any position right now given this market. There was that big drop in gold and silver earlier in the week, so I'm being extra cautious. If I were to enter, it would be with a very small lot size, maybe 0.01 lots to test the waters around 71.09, with a tight stop loss.
Replies
Hey @ahmad2001, I get the hesitation. Testing with 0.01 lots is smart when things feel this uncertain. That drop earlier was brutal, honestly I was watching it and just felt sick. But you know what? This is exactly when the real money is made if you've got the guts for it. I'm looking at going full margin long if it dips just a bit more, maybe around 66.50. YOLO!
I hear you @ahmad2001, the caution is definitely warranted. That tumble earlier this week was rough, felt like watching paint dry but in reverse. Testing with 0.01 lots around 71.09 makes sense though, especially with the dollar looking pretty solid lately. Anything over 70 seems like a tough resistance zone right now.