This rally in the metals markets must look incredibly attractive to new traders. You see the chart, you see the big moves, and you can’t help but imagine how much you would have made if you were part of them.
I’ve been trading for eight years, and the biggest lesson I’ve learned is this: opportunity is not product specific. What truly matters is learning your edge. If your edge works in silver great. If it doesn’t, move on and keep searching for where it does work.
I’m a price action trader. You could sit me in front of any screen, plug in whatever product you want, tell me the tick value and how much capital I have to manage risk and I promise you I can make a profit. Not because of the product, but because I’ve put in the work to find my edge in price action and build a strategy that works.
This mentality that you need to be “married” to one product is nonsense. Markets are always pursuing efficiency, which means behavior is constantly changing due to economic, geopolitical, and countless other factors. Believing that watching one product like silver for a year somehow gives you a superior edge compared to someone who trades multiple markets is simply not true.
Markets evolve. If you don’t evolve your approach and perspective, you won’t make it.