March Silver was in a moderate uptrend when we looked in on it, creating a subtle camouflage opportunity that looked too juicy to pass up. We initiated the trade – several students in the room later reported making money on it – for reasons that are made clear in this recording. The entry risk of $325 was five times what we would ordinarily have wagered on a single Silver contract, but you can judge for yourself whether this was the right call. Subsequently, Silver sank like a stone after taking a fleeting leap above the ‘p’ midpoint. This posed little problem, however, since we’d had a chance to take a partial profit at ‘p’ and a further 20 minutes to exit the rest of our position before the futures fell to our break-even price. And that is the beauty of camouflage – the ability to make money on a trade even when we are ‘wrong’.
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