Two trades on silver.12.29.21 Silver: Found a target for the short trade and along trade with a target. Showing step-by-step and multiple trades is very time-consuming. This will be the last video today. While I have not spent that much time analyzing the silver futures in the past, price action, volatility, buyers versus sellers, and expansion versus contraction are the same thing you should be concerned about in any tradable market. The reality of the actual trade may be a little bit different than the theoretical... And this was shown on the entry of the long trade because I can see the market was having trouble moving lower and I want it in at the lower price so that I could target my exit before I ran into problems with sellers. In effect I made some modifications and adjusted to the circumstances, and sometimes I'm going to lose money, or make less money, or I get out too soon. It is not a perfect world. The one thing I want to avoid most of all is getting stopped out and losing money. The next thing that I would like to not do, is the get out of the market too soon when it's working in my favor. Getting stopped out loses money, but getting out to soon lose this opportunity, which is better than losing money. When you avoid getting stopped out effectively, this will be the beginning of making a lot of money if you're careful...imo. I took a lot of time to tell how I process information, it's not an apology. It is my way of trying to tell you how I spend my time and what I'm doing when I'm trading: I'm talking to myself. This is much easier than trying to take notes and write things out. I avoid distracting music and noise. Assuming that I don't slip into a catatonic state, I will realize when I am silent and not thinking about the market maybe I'll get up and make another cup of coffee and then I start talking about the market when I'm thinking of trading the market. This may or may not be useful to you. When I'm talking the market I'm scanning the chart and everything I see more or less I describe and hopefully I inculcate my tools and associated plans so that it becomes a very efficient way of focusing on the market and making good trade decisions relatively quickly. Why do I bring this up? Because if I am not talking and explaining what I see, I will tend to drift, and I believe I will fall out of touch with the market. This is especially true when markets are difficult, I want to be certain that I don't avoid an analysis when I'm uncomfortable, I want to ask the question that addresses my discomfort and try to think through my issue based on the market. I almost never avoid the effort, however if I can answer to my problem with the market so that I can't make a more objective analysis from the market, then I make a decision to not trade at that time unless my conclusion is I shouldn't be in the trade and then I get out before I get hurt. Markets do become confusing at times... And if it is the market or it's my inability to work through the probabilities, I accept that I don't know clearly what it's doing and I would much rather just get out because I don't need to be a hero, I only want to make money when I risk capital. I do not believe, at least for me, that I can trade a market consistently with no specific analysis, rather just a calm, peaceful thought of this moment "now"... and Eckhart Tolle type of thing. Your results are to a significant a function of how you use your gray matter. I like TolleI, but it not the right state for me when I trade. I am busy when I am about to make a trade decision and is usually in a minute or two. It is about what you should be doing and what you should be doing...consider for a moment along with the rest of your analyses after each trade. It is fast and easy to do.
