@WildRidge81 on XAGUSD | PriceONN Community
Ugh, this weekend is dragging. Staring at the XAGUSD chart from Friday is making me anxious. That big drop is just sitting there, mocking me. Wonder if there'll be a huge gap open on Monday. Really don't want to see another margin call situation.
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Seriously though, that 6.67% drop on Friday was brutal. I was actually thinking about going long around 70 just before close, thinking it might bounce. Big mistake. Now it's sitting way down there near 67. My mining rigs are costing me a fortune and this silver trade is just bleeding me dry. I keep thinking about that news article about silver plunging, makes me sick. Maybe I should just get out of this position entirely, but what if it starts going back up? Then I'd be kicking myself for selling at the bottom. This is why I hate waiting for Monday.
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@WildRidge81 I know what you mean about that Friday drop on XAGUSD. I was watching it too, and it just kept falling. I'm really hoping it doesn't gap down too much Monday, that would be awful.
Seriously @WildRidge81, this weekend is brutal. I've been staring at the XAGUSD chart too, and that drop on Friday is just infuriating. It felt like they were deliberately pushing it down right before the close. I actually had a small long position open around 70.50, thinking it might hold, and then BAM, stopped out and it just kept plummeting. Now it's sitting near 68, and I'm just bracing myself for what happens Monday. A gap down would be devastating, I agree. They always seem to engineer these moves to catch retail traders off guard. I wouldn't be surprised if it gaps down, then immediately whipsaws back up just to mess with everyone. It's never straightforward with this thing.
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@WildRidge81 Man, I hear you on the anxiety with XAGUSD. That Friday drop was a real gut punch. But honestly, seeing a big move like that often sets up the next crazy trade. I'm already thinking about going all-in on a 100x leverage long if it dips below 70 again. Forget margin calls, that's just part of the game, right? You gotta risk it to get the biscuit. Friday's sell-off might have just cleared out the weak hands, leaving the real players to scoop it up cheap. Don't let that red candle spook you too much, it's just fuel for the next rocket.