Mcx Silver:
Many Self Traders Who Trade Own Their Own, May Get Betrayed By Their Own Decision,
As This Days 90% Out Of 100 Self Traders Are Buying On Dips,
Let Us Give You Example On Silver: When Silver Broke From 57,000 To 54,500 Normal Traders Bought More To Average Their Cost,
Result Is Negative Silver Melted From 54,500 To 52,000 & Again They Buy To Average In Hopes Of Bounce Back & With Thought In Mind That They Could Be Out Of This Loss & Turn Into profit, As They Did Average On Lower Levels Of 52,000.
But This Time It Got Ultra Blocked Due Massive Selling In Metal & Bullions Pack & Worst Result Is Trades Who Traded On Their Own Got Trapped With Unexpected Falling @ current Level Of 49,500,
That Means Actual Buy Price Was 57,000 & 2nd Entry Made @ 54,500 & Again New Entry @ 52,000 With Hope Of Relief & See The Result Average Of 3 lots Silver Stands @ 53,875.
So Most Important If You Would Have Not Done Average On Hopes Of Profits You Would Be In Decent loss Of 2,25,000/- Per Lot, But as You Did Average The Result Is 3,93,750/- Loss That is 1,68,750/- More Loss By Doing Average Trade.
We Are Sharing This Method As Many Traders Who Trade On Their Own Face Loss Due To Lack Of Knowledge & Greediness May Deep Your Pockets Or Bank Balance.
Most Important: Avoid Trading Own Your Own................
