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SILVERTARDS: *** The official GLP realtime silver trading thread *** SHIN THIS SILVER PIT!!!!
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Original Message
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OK, Girl Genius and I decided that we'd start a thread that would show you what trades we're doing, in real time (or close to it) so you can learn from our mistakes and hopefully profit from our, ahem, wisdom.
This is not financial advice. It is just showing you what real people are doing in the real silver market.
Any actual trader is welcome to join in and share your projections, fears, greed, techniques, profits, losses, and methodologies. Bull, bear, or Vulcan, it doesn't matter.
Hop on in and let's try to help other GLPers learn, and hopefully make some money (or at least store up wealth for use when we arrive at Bartertown).
My first contribution:
I'm mostly trading AGQ, a 2x paper silver ETF.
[link to www.marketwatch.com]
Its double short brother, ZSL, gives the same results on the downside:
[link to www.marketwatch.com]
Right now, I'm looking for a floor on AGQ of about $255 (where it is now). I'll make an entry at around $280-290 depending on volume and momentum.
If I make profits, I take them off the table and buy physical silver in the form of junk pre-1965 US coins. Here's the melt value:
[link to www.coinflation.com]
OK, saddle up!
Silvertards! We ride!
(Go to the last page of the thread to see what's going on right now)
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