MCX Silver Real Time Trading Log - 20% ROI

[sivakumar90]

sold silver at 51063

 

[appy050]

sold Silver Micro at 51075

4th trade

Sold silver May Fut at 51050 (phone order) SL 51300..

 

[friendforevers0007]

silver moving ..... on higher side lets see whether it will hit s/l or not...

 

[Neo_trader]

Is it ok to buy at current levels if missed to sell at 51050 ?

 

[friendforevers0007]

Has anyody sold at 51090 levels based above msg expect Meherp?.....................

no........

 

[preson]

sold 1 lot at 51220

 

[Neo_trader]

Kept trigger sell order at 51088.. Cancel it once SL of 51300 gets hit.

 

[friendforevers0007]

S/l gone...

 

[Neo_trader]

We entered negative territory for this month:

Current score is -110.

 

[jsgrewal]

Silver Trend is down.

Selling will be good option..but @ which point?

To minimize risk and maximise profit, We need to sell at S/R levels, so that if trade goes wrong, we are out of trade with less loss..if trade goes then we can get reasonble profits.

today Piovt is around 51400 ( didn't get a chance to sell at this place)

Support 1 is at 51090 ( missed to short at this place)

Now if we short, we need to place SL above S1 51090+100 points

but target is only 50730 (support 2) ..

Risk and reward is not much favour right now..

if any one is trading in Mini lot with more than 2 lots at a time..sell 1 lot at 50950 another one at 51050 if you get it there..

i am not entering any trade here..and going office now..will be back in evening..

Happy trading ...

Muthu, I suspect you did some mistake in calculating the pivots today because these were off by a wide margin from the normal floor pivots.