Silver Wheaton Corp. (SLW)
SLW gave a nice narrow 30-min bar to get in at $10.88 over the 10:30 candle, with a stop just below it at $10.82. This made it a 5.5R trade, although I didn’t put my usual 1% into it for liquidity reasons (actually it probably would have been okay) - I only had about 0.5%=1R for this trade.
At least it ends the month on a positive note. In May I plan to increase my average risk per trade (R) to 1.2% to see what effect it has. At some point in the near future I also plan to keep 50% of monthly profits in my account to allow for compounding.
