Silver – 100% similarity to Gold?!

What should we do when there are repeated actions and an increase in our winning probability??? – waaaaaaa confirm it is a sure win trade????!?!?!

KIASU Aunty; Buy gold or silver? or buy both? since both markets have repeated actions and both also going up??…..

Slide3

Monthly Chart

Should we really hedge two positions based on repeated actions? – Like Brother Buffet said “if past history was all there was to the game, the richest person would be librarians

I believe understanding your current financial position is very essential before making any financial decisions. You need to know the exact excess amount you can invest and risk into the market.

 [Remember there’s always more than 1000 and 1 financial reasons why u should do it and learning to pick out the right one will help reduce the time required to achieve your financial goals]

For example; if you have $10 dollars excess to risk, risk ratio is 1:5, average winning rate is 1:5 (making it simpler) and just like majority of the traders (including me) out there, you would have a leveraged account (this means you would be putting more dollars into a trade). Entering a simple trade on the silver would cost you about $2+ (leverage 1:500) because the current market price is currently at 1350+ and remember you have spread(40pips). The spread puts you in a negative position and hence decreasing your winning probability for this trade. Commodities tend to have a higher spread.  So how much excess do u have for Gold? (Remember there’s a margin requirement of safety) ……. hope you get what I meant because I’m getting lazy to calculate for now:(

“The true value of an object comes from the effort used to obtain it”

 

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