Exited just now. Had to sell holdings to cover the loss😵. Even my holdings are mostly silver and gold. Maybe it’ll revert because I exited😔
It was too much if you consider the full value of the contract. My margin when entering was very less. But I lost more than the margin.
I didn’t say I depended on it though. It was indeed my fault for overleveraging. Just said that it’s a lie from a liar😞 Then again, if it goes back to $90 today(because I exited), he might not be a liar.
For me its best (less stressful) to enter as per Algo, although I see the Sensibull pnl topper is a major Silver/Gold player who trades discretionarily 
Won’t shield you from circuits though.
It wont, but you will be better equipped to take painful robotic actions quickly if you have a decent proven robust strategy. It also depends on personality I guess, some have the mental fortitude to trade discretionarily.
OK then, bottom should be close to done then. Perfect entry + exit.
( Just joking, don’t renter based on FOMO )
Discretion (intraday in my case) never worked for me, too stressful even once i starting getting profitable.
Also gives me more confidence to add more. 
Glad I could be of service 
Uff, you guys are so cruel 
Was thinking of buying the dip yesterday after 90. But-I-did-buy-Gold-and-sold-it-yesterday at a loss. Man they’re controlling my emotions like I’m a puppet. You’re weak after a huge loss and temptation to take revenge trade even after a few days stop is really strong. Happy I didn’t fall for silver though
My opinion - Don’t try to copy others, generally it doesn’t work.
To begin, try to build competency in one target market. Build a hopefully durable edge. Once you have that, look at adding something else - different market or different type of system. Rinse and repeat as much as you can/want but generally one thing at a time. Can always give up if its not possible for you and then move on to something else ( I gave up on Index futures intraday).
Don’t get swayed by how people are making truckloads of money on x or y. That will always be there, and just switching to markets where you dont normally trade isn’t a good idea.
Its not necessarily a binding rule, perhaps this is your competency to go to whatever market is moving like crazy, but be sure of that.
Professional trading doesn’t allow (or tries atleast) huge losses that makes too much dent in capital. What is too much is based on your risk management. And this is with a series of trades. A single trade ? Never.
Markets have evolved to trigger emotions. We all get some, but taking random action based on that is foolhardy. That’s what most people do, and most lose. Dont be like them. If i started trading with just unproven feelings, ill probably also pick tops and bottoms but in a bad way.
Single trade that bleeded into other trades(which I had to close, to bring down size and pay for losses). I don’t allow for large losses either, but with circuit filters in place, I was completely stuck for a few days.
@BB789 Silver has not had this much volatility in the past decade.
Seeing the mad margin requirements I reduced my position to just 2 lots (even though I have the margin), and experienced my first Silver LC while Long
Gold I still have normal size, and luckily my algo booked close to the near term top.
Today?
Just curious, Where did you get data for Gold/Silver for backtesting ?
Hello, This may be asked here before, but I’m not sure if the iNAV for Silverbees, Silvercase etc. are for what spot level of Silver (considering the intra day volatility these days)
In particular, I want to know if these are currently trading at premium or discount to their real intrinsic value (not referring to yesterday’s closing NAV only)
Did you purchase any plan ? Intraday data seems to be limited.
Google AI says this, so i guess best for Daily bars ?
TradingView’s maximum historical bars for standard backtesting range from 5,000 (Basic) to 20,000 (Premium)
. For comprehensive testing, the Deep Backtesting feature (Premium+ only) supports up to 2 million bars. Intraday data is generally limited to 5,000-20,000 bars, while daily data provides significantly more histor
You need to check respective websites. For example, for SILVERCASE,
Yes, with Premium plan you get 20,000 bars. I backtest positional using 1 hour tf.
@SpacemanSpiff forgot to mention something important
For premium users, there is also 'Deep Backtesting" feature now, where you can backtest lot more. You cant see all those extra bars on charts, but can still backtest and see results… I am able to backtest with all the data available - from 2015, 1 hour tf.