055/18 Silver Chartbook – Emotions versus principles, June 15th 2018

Emotions versus principles!

Today’s sharp decline in silver prices has certainly awoken emotions within many investors! Yet price action during the previous couple of months shows a healthy bullish undertone. This is the first sign that this rather quiet market has started to get more attention again…

Silver daily chart, June 15th 2018.

Silver daily chart, June 15th 2018.

In fact, it is typical that contracting price channels pick up volatility as an indication of a possible move out of these trading ranges in the future:

Silver weekly chart, June 15th 2018.

Silver weekly chart, June 15th 2018.

That being said from a larger time horizon perspective, Silver is trading much closer to its production cost prices than for example gold prices do at the moment. And silver remains a valuable asset to hold in a balanced wealth preserving portfolio. As such short term emotional bias evoked by news should not influence long term principle based decision making of how to mitigate risk with sensible exposure to this precious metal:

Silver Chartbook monthly chart, June 15th 2018.

Silver monthly chart, June 15th 2018.

All charts timely posted in our telegram channel.

By | 2018-06-16T02:13:14+00:00 June 15th, 2018|Tags: , |0 Comments

About the Author:

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.


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