We bought the bottom.
This is the push message I sent to members when I re-entered the trade:

๐ฅ MID-TERM SWING TRADE IDEA
$SILVER, LONG
Re-entered this trade as a mid-term swing. The thesis remains the same, but now we also have a channel breakout.
The recent minor box breakout occurred near the lower boundary of the channel, low in the range, while the higher time frames continued to show a strong bullish trend.
At that point, the odds strongly favored higher prices.
Entry: $60.20
Stop: $54.00
Target: $85.00
๐ RISK MANAGEMENT
Suppose your account is $100,000. A sensible risk level is 2%, meaning your maximum loss on this trade would be $2,000.
Calculate your position size accordingly, whether you’re trading futures, CFDs, or an ETF.
For futures:
SI = Standard Silver Futures
SIC = Micro Silver Futures
The risk-to-reward profile was attractive. The upside target was roughly 3x the downside risk, meaning the trade would be mathematically break-even with only a 25% win rate.
I believed the probability of reaching the target was significantly higher than that.
As always, manage your position size according to your own risk tolerance.
๐ FINAL NOTE
These updates reflect structured trade management and probability-based analysis, not financial advice.
Risk management and position sizing remain the foundation for long-term survival.
#Silver #SilverTrading #SilverPrice #Trading #SwingTrading #TechnicalAnalysis #PriceAction #Commodities #FuturesTrading #TradingStrategy #RiskManagement #Investing
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