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Going to lose some more money

|Includes: Global X Silver Miners ETF (SIL)

I chronicled earlier my purchase of SIL at 28.45 (net debit 27.78 with calls), with the plan to buy the second half of my position at 24. That level is fast approaching. I'm holding my nose and setting a limit order for that price.

The mistake I made with the previous purchase was not selling when SIL bounced off resistance like I thought it would.

If SIL falls through 24, next support will be around 20.75