huge breakout about to occur imo, page-88

El Capo,

No disrespect but that's what happens in short term trading when you have very tight stops... Silver is very volatile and you need very good money managing skills and carefully placed stops where you have the best chance of catching the trend that you think will happen...

For example, if you think silver will go down from $27 to $22, then short at $27 but put your stops just above important resistance levels, at levels where you would be more confident a long term uptrend has just started, such as $28-$28.50... You will hence eliminate potential 3% moves to the upside within a bear market and still be well within your stop levels so you can still ride out the downtrend...

If you think silver will go up from $27 (like i do), then it would be smart to pick an important support level, like the $26 major support and place your stop just below this, so that if your stop gets hit, you will be confident the price will go lower from there...

Trading this way you may take a larger loss if things don't go to plan, but if you play well within your means, this way you have a greater chance of success and knowing exactly how much you will lose if you don't pick the correct trend. Nobody can pick the extreme bottoms and tops (even if you have a top secret formula like you do), and if you happen to do it then it's just plain luck... And to me, trying to do this is just a silly way to lose money, especially in silver because 3% moves in one day is not unusual...