Silver.

[helltick]

Hello everyone, nice forum you have here!
I am Canadian and have 15k to lose
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!

 

[helltick]

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?

 

[JRP2891]

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.

 

[anley]

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.