@timothy5139 on XAGUSD | PriceONN Community
T
Another week done and dusted. Honestly, my XAGUSD trades this past week were more misses than hits. Felt like I was chasing the price constantly. That little rally on Friday was almost enough to make me forget about the earlier losses, but almost doesn't pay the bills, does it? Just glad it's the weekend so I don't have to stare at it anymore. Gotta re-evaluate everything for Monday.
Replies
Yeah @timothy5139, I feel you on the misses this week. It's like, you see a pattern or hear a tip, you jump in, and then the price just does the opposite of what you expected. I keep looking at XAGUSD and it's just hovering around the 79-80 area, not really doing much. I thought maybe it would go up after that little Friday rally, but now it's just flat. I'm worried about trying to catch a falling knife, or buying at the peak and then watching it dump. I guess I'm just going to watch for now and try to learn from what everyone else is doing. It's hard to make any money when you're not sure if you should be going long or short.
K
Hey @timothy5139, I totally get what you mean about chasing price. This week has been a mess for me too. I bought in at what I thought was a good spot, and then bam, it just dropped. Felt like I was buying the top, which is exactly what I swore I wouldn't do. And that Iran news… it's making me nervous. One minute it sounds like things are cooling down, the next it's all tensions again. It’s hard to tell if XAGUSD is going to jump on this or fall. I'm just watching my position and hoping for the best, but honestly, I'm a bit scared it's going to keep dropping and I'll lose more money. Maybe I should just close it and cut my losses?