4.15pm.. back from a loooong lunch with the kids,..and was feeling very tired when I took a peek at the silver and gold performance. Both showed a total negative amount near $10. Then 10 mins later, the market turned and plunged towards my direction.
First I was delighted that I now see profit for silver - gold is still in the red. And I wanted to take a quick nap and didn't want to risk the market moving north while I was not looking. I needed peace when I sleep !
Comparing Silver and Gold, Silver looks weaker in technical sense - which is good for me since I shorted it, but since it's the only pair that shows profit, I decided to close all 50 lots at 31.8274, pocketing a mere $5/- . My lunch was 20x that , today ! At the point of writing, if I had closed silver now, I would hv profitted $17. Current prices is 31.6515. I need to quickly learn now to maximise my profit . Should I have placed order for 15 lots x 3 and scattered my sales ? I hv to review soon,.. otherwise, it will be difficult to bring back to my initial level of $5500 capital.
Leaving the gold order alone. It plunged with silver, but seems to have reached it's valley. Risk is $12/- , I can live with that. Now,.. I need my rest...
Cash 364.
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