@rameshnaidu61 on XAGUSD | PriceONN Community

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rameshnaidu61
rameshnaidu61 PRO newbie
XAGUSD Mar 30
I made a mistake yesterday, I saw silver was going up and just jumped in without really checking. It went up a little, but then it dropped so fast and I lost money. I learned that I really need to wait for a clearer signal and not just chase the price, especially with this volatility.
XAGUSD

Replies (1)

B
bluedale PRO newbie Apr 2
Hey Ramesh, I totally get what you mean. I used to do that all the time when I was starting out. Just seeing price action move and FOMOing into a trade without a plan. That volatility is brutal if you're not careful. The key is to wait for confirmation, like a clear break of a level or a pattern forming. For XAGUSD right now, especially with this crazy news coming out about political uncertainty and the dollar swinging, it's even more important to have a solid entry and exit. Don't chase the price, let the price come to your setup. You'll save yourself a lot of headaches and lost capital that way. Keep learning, man, that's the only way to survive this market.
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