We came to this session with a “live” trade on in Comex Silver that provided us with a compelling vantage point to watch the trade develop in real time. This lesson will be of particular value to any trader using “camouflage” who has wondered how much we can reduce the risk in Silver futures, where $25 ticks can be punitive if one gets it even a little bit wrong. Even though this trade had everything going for it from a technical standpoint, we were nonetheless hard-pressed to find a way that we might have reduced the theoretical entry risk to our established benchmark of $70 per contract.
