Taking Profits!

This weeks silver chart-book provides the opportunity to illustrate our way of taking profits. The green arrow up to the very left was an entry on the bottom of the range to provide for a low risk core position establishment on a daily time frame. It had three target exits (purple down arrows). We reloaded this core position with a second short term trade (right green arrow up). This is an anticipated channel breakout play, with also three exits marked in red down arrows. The main focus is on low risk entries, but good exit strategies provide the true profit potential.

What we named the “Quad Exit Strategy” provides for an psychological edge of making the market participant feel like a winner after relatively small winnings and to mitigate exposure risk. These entries and exits have been provided in our Telegram channel in real time. They provided for returns in the 10% region for each of the runners.

Silver in US Dollar, daily chart as of January 6th 2019.

Should You carry a long position from anywhere below the $14.80 mark we strongly advise here to take partial profits. This since we had a nice move into this overhead resistance zone confirmed with a counter directional signal after a 4 leg up-movement.

Silver in US Dollar, daily chart as of January 6th 2019.

This weekly Silver chart illustrates the supply and demand zone overhead resistance near the $15.80 mark. Here we also financed the longer term plays and stops can be moved now to the entry zone.

Silver in US Dollar, weekly chart as of January 6th 2019.

There is a multitude of benefits to the “Quad Exit Strategy”, both on a psychological front as well as from a money management perspective. This allows for more flexibility in risk control (stop placement) and ease of execution due to aligning a traders mindset in a conducive way to a counter intuitive environment.

Midas Touch Consulting, “Quad Exit Profit Taking”, © Korbinian “Coby” Koller

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All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.

Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.

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