Silver (maybe time to dip yer bread)
26 May 2011, 10:15 AM
#35
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Silver back at 37 now....lairy as you like!
26 May 2011, 01:40 PM
#36
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Regretting not buying ETFs now when it was $32/33... every time I was hovering over the buy button I stopped myself. 
Even without leverage that's a fair old whack for a few days' holding.
Even without leverage that's a fair old whack for a few days' holding.
26 May 2011, 01:49 PM
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26 May 2011, 02:12 PM
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26 May 2011, 10:49 PM
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I don't know about physical holdings, i cant remember the last time i bought physical or became an actual shareholder. I trade everything PA on leverage so CFDs, SpreadBets and options....IG Index/Markets, ETX Capital, SpreadEx etc etc will all offer retail investors a stop loss function....risk disclaimer applies you can lose more than your shirt trading these leveraged instruments
Silver back at 37 now....lairy as you like!
Silver back at 37 now....lairy as you like!
All my past trading has been through hsbc, but it's very basic and not geared to day trading, but to buy and hold - long positions for mom and pop type stuff. I can do a stop-loss but it only lasts one day if that makes sense?
27 May 2011, 08:11 AM
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27 May 2011, 08:13 AM
#45
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Not interested in leveraged instruments TBH
All my past trading has been through hsbc, but it's very basic and not geared to day trading, but to buy and hold - long positions for mom and pop type stuff. I can do a stop-loss but it only lasts one day if that makes sense?
All my past trading has been through hsbc, but it's very basic and not geared to day trading, but to buy and hold - long positions for mom and pop type stuff. I can do a stop-loss but it only lasts one day if that makes sense?
27 May 2011, 10:41 AM
#46
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When you are somebody like me you have to have patience, I cannot watch the market 24/7 and also don't have the skills/knowledge to do so.
Silver/gold are a conviction play for me, in my mind my money is safe in these investments ie I won't lose, it's like money in the bank. So a 200-500% return over 2-3 years is excellent for me, otherwise the money would be losing value in the bank.
This should far outperform any investment that is easily available to an amateur (but not punter
) like me ie cash, equities, property etc .Have a good weekend
27 May 2011, 01:51 PM
#47
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Yeh i understand where you are coming from, companies like SpreadEx though can offer you a fully paid service, so no leverage is used and you invest on the same principles as you do with HSBC, but they still execute it as a spread bet so you get the facility of stop losses etc and also the tax benefits associated with it....
27 May 2011, 01:58 PM
#48
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Not interested in leveraged instruments TBH
All my past trading has been through hsbc, but it's very basic and not geared to day trading, but to buy and hold - long positions for mom and pop type stuff. I can do a stop-loss but it only lasts one day if that makes sense?
All my past trading has been through hsbc, but it's very basic and not geared to day trading, but to buy and hold - long positions for mom and pop type stuff. I can do a stop-loss but it only lasts one day if that makes sense?
27 May 2011, 03:31 PM
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Wouldn't really know to be honest Alan. IG are the market leader, i get a better service from ETX and SpreadEx than i do IG but that may be because i'm a professional client and they are smaller firms than IG.....I can help people get cheap execution on CFDs and most likely the cheapest financing costs on the street.....but you again need to be either Pro. Client or HNWI and be doing decent-ish size and frequency....
27 May 2011, 04:00 PM
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30 May 2011, 09:12 PM
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funny i should spot this thread i was thinking of putting a grand or so into something spare, price of scrap gold is madness at the mo i was thinking about silver.
but like you say its prob more of a long term thing, i could prob make more money with it sticking it into some old banger and reselling it on.
my main grumble is 2 years ago i sold 255 grams of scrap 14k gold and got a good price for it £1700, its prob with £4500 now, bad choice
but like you say its prob more of a long term thing, i could prob make more money with it sticking it into some old banger and reselling it on.
my main grumble is 2 years ago i sold 255 grams of scrap 14k gold and got a good price for it £1700, its prob with £4500 now, bad choice
Last edited by apples24; 30 May 2011 at 09:14 PM.
17 June 2011, 03:49 PM
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Been a manic week but was just revieiwng my personal positions ahead of the weekend and thought i'd bring this thread an update.
I'm back in silver, long as of Tuesday entry was at 34.50 (like i said 2 weeks ago DD) on the up-trend line, target 37 with a tight stop on the breakdown of 34. Nice tight stop and relatively modest upside target as silver is forming a pennant formation over the past 5 weeks, since the large move down. Pennant formation is usually a continuation pattern so the expectation here is for a break down and continued sell off, however looking at the dollar it has recovered to test its down trend and as of yesterday i am also short the dollar. As we know there is an inverse relationship between USD and commodities.......my ***** are on the line with this one. Other factors that make me apprehensive is what is said about Greece on Sunday......but in for a penny in for a pound and the charts seem to support this view, so that's what i'm trading!
I'm back in silver, long as of Tuesday entry was at 34.50 (like i said 2 weeks ago DD
) on the up-trend line, target 37 with a tight stop on the breakdown of 34. Nice tight stop and relatively modest upside target as silver is forming a pennant formation over the past 5 weeks, since the large move down. Pennant formation is usually a continuation pattern so the expectation here is for a break down and continued sell off, however looking at the dollar it has recovered to test its down trend and as of yesterday i am also short the dollar. As we know there is an inverse relationship between USD and commodities.......my ***** are on the line with this one. Other factors that make me apprehensive is what is said about Greece on Sunday......but in for a penny in for a pound and the charts seem to support this view, so that's what i'm trading!
20 June 2011, 03:58 PM
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Uncertainty? To say the least...the consequence of Greece defaulting is massive, the domino effect is exponentially compounding....this issue though has been rearing its ugly head for past 18-24mths, it is not "news" it is however convenient as to masking the issue of US debt ceiling and end of QE2.....all quite convenient to guide the market lower and allow the printing press to be fired up Stateside for round 3 while blaming other economies for the requiement to do so......
It's these times when i take stock and thank that i play the market so nimbly that these bigger issues are more catalysts to my next swing as opposed to drivers of my P&L and positioning. Having said that enduring worst month so far.....without passing the buck though thats through one of the portfolios more aggressive high risk strategy's coming under pressure and deviating from it's historical path....
Euro...you concerned about its strength in the mean time or it's ultimate demise?
22 June 2011, 04:22 PM
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Been a manic week but was just revieiwng my personal positions ahead of the weekend and thought i'd bring this thread an update.
I'm back in silver, long as of Tuesday entry was at 34.50 (like i said 2 weeks ago DD) on the up-trend line, target 37 with a tight stop on the breakdown of 34. Nice tight stop and relatively modest upside target as silver is forming a pennant formation over the past 5 weeks, since the large move down. Pennant formation is usually a continuation pattern so the expectation here is for a break down and continued sell off, however looking at the dollar it has recovered to test its down trend and as of yesterday i am also short the dollar. As we know there is an inverse relationship between USD and commodities.......my ***** are on the line with this one. Other factors that make me apprehensive is what is said about Greece on Sunday......but in for a penny in for a pound and the charts seem to support this view, so that's what i'm trading!
I'm back in silver, long as of Tuesday entry was at 34.50 (like i said 2 weeks ago DD
) on the up-trend line, target 37 with a tight stop on the breakdown of 34. Nice tight stop and relatively modest upside target as silver is forming a pennant formation over the past 5 weeks, since the large move down. Pennant formation is usually a continuation pattern so the expectation here is for a break down and continued sell off, however looking at the dollar it has recovered to test its down trend and as of yesterday i am also short the dollar. As we know there is an inverse relationship between USD and commodities.......my ***** are on the line with this one. Other factors that make me apprehensive is what is said about Greece on Sunday......but in for a penny in for a pound and the charts seem to support this view, so that's what i'm trading!Happy trading folks!