Silver is running away from me. I was trying to buy the breakout of AGQ (2x silver) on any pullback near 131 (it was 132+ at the time) but my open order was never hit. That was 2 days ago. Today it is hitting 144. :rolleyes:
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Silver is running away from me. I was trying to buy the breakout of AGQ (2x silver) on any pullback near 131 (it was 132+ at the time) but my open order was never hit. That was 2 days ago. Today it is hitting 144. :rolleyes:
Adding to some of my silver ETF, AGQ. This pullback hurts as I had some decent gains in this trade just a couple of days ago, but it looks like it is now or never for the silver trend.
My stop is below the trend...
http://www.etftalk.com/images/forum/agq1.gif
I've got my eye on SIVR. It wont perform like AGQ, but more in my price range for now. Still building that base. :wacko:
Well, I just got stopped out of AGQ. Lots of volatility in silver. It may be a sign of the top. I may nibble on some ZSL (ultra short silver).
I bought that ZSL (ultra short silver) @11.30 a few days ago and actually sold 1/4 of the position already after today's sell off in silver. It looks like silver needs to be sold on rallies.
I just sold another 1/4 of my original position in ZSL.
This sucker could be ready to fly, but I had a pretty big position on, made a nice profit, and I'm now down to half a position.
Bought @ 11.30. Sold 1/4 position @ 12.16. Sold 1/4 @ 12.55. Still hold 1/2 position.
http://www.etftalk.com/images/forum/zsl.gif
Sweet! Good job.
Wow! I just got back from lunch. Looks like silver took another dive. I'm glad I made the move.
We got to keep selling those rallies in silver (or buy ZSL - ultra short silver). :)
http://www.etftalk.com/images/forum/zsl2.gif
Good luck!