1- So back to some content (although I still do hate #crimex).
One of my friends (who I lured into #silver stonks back in Sept. and later on convinced him on how cheap $option were back Dec.) starts to get nervous of the absurd amount of green candles in $silver.
#silversqeeze
One of my friends (who I lured into #silver stonks back in Sept. and later on convinced him on how cheap $option were back Dec.) starts to get nervous of the absurd amount of green candles in $silver.
#silversqeeze
2- I agree it might feel a bit absurd (in he's up total 230%, so I understand).
But it's crucial to understand how #silver trades. It has an history of going ballistic, if you try to trade those ballistic stages, you might get stopped out.
#silversqueeze
But it's crucial to understand how #silver trades. It has an history of going ballistic, if you try to trade those ballistic stages, you might get stopped out.
#silversqueeze
3- As @BuyingMyFreedom already pointed out multiple times, the best attitude to ride a silver bull is by ... doing nothing.
Have a look at the #silver charts of 2011. Can you count the amount of successive green candles without a major retrace?
#silversqueeze
Have a look at the #silver charts of 2011. Can you count the amount of successive green candles without a major retrace?
#silversqueeze
4- Ask yourself: Is rotating (and thus trading) worth the #FOMO buying back 2-5% lower, when were are discussing a commodity that pulls aggressive +50% moves without even consolidating?
IMO the answer is: No, it's not. And that's also what I told my friend...
#silversqueeze
IMO the answer is: No, it's not. And that's also what I told my friend...
#silversqueeze
5- I know a lot of you are here for my degenerate and toxic option advice. I'm not selling any of them just yet, I will communicate about this once I pull the trigger.
#silversqueeze
#silversqueeze
6- I didn't shout "publically": "Buy all options!" back in December, since you'd need to be a complete lunatic to follow a strange Flemish guy in a leveraged trade (cfr. @BuyingMyFreedom).
It all makes sense right now, but it took quite some conviction back then.
#silversqueeze
It all makes sense right now, but it took quite some conviction back then.
#silversqueeze