Holding a silver position overnight is risky. People in China rest from night to early morning. This is the most active time in the American market, and the change of silver investment trend is also the most frequent time. The time difference may lead to a "gap" in silver prices, which will bring risks to overnight silver positions. In addition, holding positions overnight will generate overnight fees and increase transaction costs.
What should I do if I have to hold a position?
1, stop-loss price and take-profit price must be set.
2. Stop loss price and take profit price can be set with reference to the 5-day moving average and the 20-day moving average.
Don't trust your intuition too much. Paying attention to important international financial time depends on the market situation.
4. Never operate Man Cang easily at any time.
5. Judge the general trend and follow the trend.
6. If it doesn't go up when it goes up, it will be resolutely bearish. If you don't fall when it's time to fall, you are bullish.