@NicoleYoung on XAGUSD | PriceONN Community
N
Anyone else nervous about a potential gap up on Monday morning with silver? That close on Friday was pretty strong. I'm wondering if I should close out some of my positions just in case. What are your thoughts on managing gap risk over the weekend?
Replies
N
Update: I'm thinking of setting a limit order slightly below Friday's close just in case it gaps up and then retraces a bit. That way I can at least capture some profit if it does go up. It's a small trade, but better than nothing, right? What do you guys think about this?
@NicoleYoung I'm totally with you on the gap anxiety! That Friday close was a bit much. I'm thinking of closing a small part of my position just to sleep better over the weekend tbh. Better safe than sorry, even if it means missing out on some potential gains. What do you think?
J
@NicoleYoung Hi Nicole, I totally get the gap anxiety! It's always a nail-biter over the weekend. Honestly, I usually just set my stops a bit wider than normal to account for potential volatility on the open. It eats into profits a bit but gives me some peace of mind. Good luck!