/biz/ - Business & Finance

>>20698040

You'll be okay Fren. Here's what I would do if I was forced in that situation. I'd gauge my confidence in a pullback using all available data sources vs the likelyhood of a continued uptrend, then put a bayesian percentage on it. Say you feel like 65% chance we'll have a correction to below current levels as opposed to to current levels after more highs, then I'd plug that into the Kelly Criterion so 2x 65 = 130 - 100 = 30%; I'd add another 15% just to be safe here so 45%. I'd enter roughly 45% of my position around current prices, and just be patient for the next pullback as there is 100% of pullbacks in the future, the question is only from what level to what level. During said pullback, throw the rest of your position in.

Could we have future pullbacks to even below the next pullback's levels though? Could definitely happen as well, but at this point you just gotta sit tight and be ready to buy that dip. I'm not convinced that a second liquidity event and Lehman Brothers type headline event won't at the very least hurt silver and it's industrial demand alongside the general market.

>>19707846
It`s so strange how you meet people exactly like yourself on the internet. You're right, and my coming to terms has led me to take charge of my own life, so that I can one day look back and say "see? all these challenges made me even stronger," so that I won't be so resentfull towards my folks. I've taken the matter into my own hands so that I may save this relationship. It's been a brutal road, and most of it has been suffering in a decade of silence not knowing I had a problem, then not knowing why I had a problem, then being bitter that I had a problem. How quickly things change though, these past two years have spiralled up faster than the last 10 years of spiralled down. Good luck out there.

>>19311482