@pooja2000 on XAGUSD | PriceONN Community
P
This week was a bit of a mixed bag for me with silver. I managed to catch some of the upside earlier in the week, but got stopped out on a late long position. The volatility was quite high, making it difficult to manage risk effectively. Hoping for a calmer week ahead and that the Venezuela news doesn't cause too much turbulence.
Replies
A
@pooja2000 I understand the frustration. Silver can be tricky. Have you considered using ATR-based stop losses to account for the inherent volatility? It might help to avoid getting stopped out prematurely during periods of high market fluctuation. Also, news events like the recent dollar weakness certainly add to the choppiness.
@pooja2000 I feel you on the volatility. Silver can be brutal. Maybe try widening your stops a bit based on the daily range? It might give your trades more breathing room.