After watching the following video it's very tempting to go in and load all the silver you can buy and wait for the moment to make a fortune...
However, the guy in the video is talking about realities of the real World and realities play very small part in day to day trading.. It's all about speculation.. Forget about real value of Silver, Gold, Oil and so on.. In trading there is no such a thing as real value, should be, would be etc.. Real value as we've been thought is just an Illusion when it comes to trading..
If you were to go by the real World facts and bought 1 std lot silver at the top (just under $50) with the belief of it can go only one way and hold it without any sensible stop, then you'd be living with the burden of over $70.000 minus balance after dropping below $33 within a week.
How this could happen.. It's a precious metal, we don't have endless physical supply.. Look at the chart below, World silver reserves depleting fast.. What the hell is happening..
Welcome to the World of speculation.. In this World [speculation] we trade not realities, but numbers on our charts.. We trade what we see on our charts.. Nothing else.. It doesn't matter it's silver, gold or bananas.. This is the reality for a trader, rest is just a gossip or bar talk....
KILL THE BIAS............
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.” – Jesse Livermore
...
Inserted Video
However, the guy in the video is talking about realities of the real World and realities play very small part in day to day trading.. It's all about speculation.. Forget about real value of Silver, Gold, Oil and so on.. In trading there is no such a thing as real value, should be, would be etc.. Real value as we've been thought is just an Illusion when it comes to trading..
Inserted Video
If you were to go by the real World facts and bought 1 std lot silver at the top (just under $50) with the belief of it can go only one way and hold it without any sensible stop, then you'd be living with the burden of over $70.000 minus balance after dropping below $33 within a week.
How this could happen.. It's a precious metal, we don't have endless physical supply.. Look at the chart below, World silver reserves depleting fast.. What the hell is happening..
Welcome to the World of speculation.. In this World [speculation] we trade not realities, but numbers on our charts.. We trade what we see on our charts.. Nothing else.. It doesn't matter it's silver, gold or bananas.. This is the reality for a trader, rest is just a gossip or bar talk....
KILL THE BIAS............
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.” – Jesse Livermore
...