Silver goes down and Gold goes down a little bit. Shit, i'm pissing my pants! Now what?
Ok, enough with the joke. Actually i buy into the dip just now. But sadly Silver got large spread and my position at 19.469 as the result.
While Gold moves down quite a but but i'm not doing anything with it.
Now, time to learn more about risk management i guess. Traders should risk around 5-10% for each cross pair they are trading for (it would be better if you can just risk 1-2%) and try to use 3 entries for each pair depend on the price and timing too.
And that is what i did actually.
Now for short calculation,
(19.42 - 19)/19 = 2.2%
(1334-1309)/1309 = 1.9%
So the condition now is quite balanced already. And thus i entered more as the result.
While traders might be scared in holding precious metal, they need to learn how to keep staying confident in their own decision and never fear the volatility.
Ok, so what actually is happening right now?
My answer is stock market getting some downside and it's quite serious. But i'm not actually a stock trader so i have no position in here.
Try to take a look, everything rallies from 2139 level to 2179.9 level from 21 September till the highest rally.
(2179.9 - 2139) / 2139 = 1.9%
and compare it to current price after some correction is...
(2154.2 - 2139) / 2139 = 0.7%
Ok, so right now i will just say clearly that this situation is not good for stocks market. If it goes lower than 2139 then prepare for a sharp possible to 2060 level or it might crash later too.
So, why silver is going down as well in here?
If you try to adjust gold cross silver, it's only retracing the overbought condition and nothing much. And don't forget that gold stocks going down as well, not just stocks market.
So will gold goes down when stock market crash?
Gold did goes down 0.39% and stocks 1.1% but their correlation might be different and limited.
After all, Gold will get stronger during a stock crash and during that time USD will get only weaker.
But Gold and Silver will not be able to escape from the volatility during that time too. You will be getting a good price to buy and that is why you should never put every eggs in one basket.
How can you predict the stock crash?
Ok, just lemme tell you that NOBODY will be able to time the timing for this. They might predict someday but it will miss a few days so nobody knows the exact date for the crash. Even Warren Buffet lost 50% of his equities at 2008 crash. But the condition now goes near US Presidential Election and it's very sensitive. Surely some traders will wish to close their position first. Try to watch my post about Hillary vs Trump then, it will entertain you.
Why this happen suddenly?
It's not suddenly but you might be thinking that some people are sick but they pretend to be healthy all the time and never cures that disease. Surely there will be one day when they collapse due to that disease right? It's just like that. I might be covering about that later.
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