There are many ways to gain experience in spot silver investment, such as reading relevant books and videos. But unfortunately, many people's experience comes from losing money. In fact, by regularly summarizing our experiences and lessons, we can avoid learning from losses to a certain extent, so that we can save our funds. Let me start with myself and talk about two lessons that many years of spot silver trading have taught me.
Investors who try to catch the top or bottom of the market are more likely to suffer losses than ordinary investors. The reason is that catching market tops and bottoms in spot silver often involves counter-trend trades. If the background big trend is going with the trend and investors just catch the small reverse trend, that's okay (this is the method of trading with the trend). I am afraid that investors will use various technical analysis methods to grasp the top and bottom regardless of the size of the trend. For those medium and long-term trends, it is not so easy to grasp the top and bottom of the market. The result is either that the market loses or investors are injured.
Many people overlook the importance of patience. Generally, when discussing spot silver trading, investors talk about how to seize market trends, how to analyze or fund management methods, etc. But investors often overlook the factor of patience. Understand technical analysis methods and know where to wait for opportunities. We also need to be patient and wait patiently for opportunities to appear. Do not enter the market early. Investors often say that we tried to wait patiently, but what we waited for was missed trading opportunities. What to do? If you really miss the opportunity, there is really nothing you can do. But the author believes that missing an opportunity is just a missed opportunity for potential profit, but our funds will not be reduced. However, if you lack patience and enter the wrong market, you may suffer losses, so it is much better to miss the opportunity than lose money.