Silver.

helltick

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Hello everyone, nice forum you have here!
I am Canadian and have 15k to lose:LOL:
Total noob here, but I really like silver!

Based on Fridays close...
-PHS-U.TO:
If I threw 5k on the table at open I'd be up $171 for the day.
http://ca.finance.yahoo.com/q?s=PHS-U.TO
-FR.TO:
If I threw 5k on the table I'd be up $195 on the day.
http://finance.yahoo.com/q?s=FR.TO

This might not seem like much to you guy's...
What's your opinion?

Thanks so much for your time!
 
Perhaps I should re-phrase. Obviously $195 daily gains don't meet the min standard here.
What exactly do you guy's consider a good daily gain?
 
Perhaps I should re-phrase. Obviously $195 daily gains don't meet the min standard here.
What exactly do you guy's consider a good daily gain?

There's no such thing, it's all relative. You might want to focus on doing a good day's trading/investing which means consistently executing a strategy with a positive expectency, which you have historically backtested (500 trades minimum), and accepting any daily gains and losses purely as results of correct execution.
 
If you want to have the best chance to make money on Silver right now this is how you do it.

A) Look to buy on weakness, and I mean real weakness, ie when the market goes reverse parabolic on the 30 min chart, dropping 50 cents within 30 mins if not 5 mins.

B) Use a wide stop, at least 100 cents if not 200 and honour that stop, ie if it gets there SELL, don't wait around

C) Sell at least 50% if not 75% if/when it breaks the recent high and then hang on for the balance and sell that if/when the market goes parabolick again on the daily chart

Good luck.
 
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