Silver Trade (1) 17.08.2012

Long Silver

Entry: 28.20

Stop Loss: 27.00

Exit: 30.661

Position Size: 0.5

Reason: A breakout type of trade. Resistance = 28.247

8/21/2012 9:55 AM

Review

Silver Trade - I have cut down the position from 1 to 0.5 contract as the price decreases dramatically (pretty quick). To offset it, I have increased the stop loss to 27.00.

Future:

1. I will be adding more positions - entry points will be using moving averages and chandelier-stop
1. I have not decided where to add the positions as I will need more data
2. I am definitely not going to add positions now since it just touches the 100 SMA at around 28.715