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Short-Term Trading Thread

Discussion in 'Silver' started by stockbutterfly, Nov 28, 2016.

  1. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    Use this thread to give ideas on short term action on silver stocks
  2. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I just put up the 4 that I have been mostly trading to start and all had reasonable ER's. I dont want to put up anything too risky to start the Forum off. This mining stock area can be a bit dodgy as there are some serious environmental issues with mining and human rights violations. Some are likely better than others. PAAS has been one of the better ones that way from what I read.
  3. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I picked up CDE at 9.61 this morning and sold it at 9.75 just now. I use investing.com for gold charts.
    http://www.investing.com/commodities/gold-advanced-chart
    I go to Chart/Interactive chart
    and then Studies tab and then punch MACD to watch gold over the various time periods
    the 5 and 15 minutes are good to watch short term moves and the others longer term moves.

    I also then go to yahoo for CDE or other stock charts, and when i see the 5 day MACD on the stock looking to crossover I am out. I dont follow silver charts as gold drives the silver market direction it seems. Usually the short sellers come in first thing in the morning and drive down the precious metals market. I like to be 100% cash to start the morning. I seem to mostly make money if I start the day with 100% cash, if my stock(s) have dipped a lot I will hold it overnight. I always like to have about 50% cash at all times in case the market crashes. It seems to me the gold and silver market has dropped a lot in the past 4 months but may have a little more to drop. I find day trading on these silver stocks pretty good if you can read momentum charts. Its been a money maker overall for me.

    My guess gold is still heading down and will get to 1175 today.
    Last edited: Nov 29, 2016
  4. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  5. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    Seems like every morning gold sells off at the market open. Thats why i try to go to cash every night I can. I will likely buy silver stocks today when gold looks to be bottoming and my guess is that will be around yesterdays low of ~ 1180.
    http://ca.investing.com/commodities/gold-advanced-chart

    My plan is to get a first slice of SSRI and CDE around 9.61. (bought CDE at 9.67)
    Last edited: Nov 30, 2016
  6. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I bought SLW at 18.18, my guess is we will have a little price recovery this afternoon just like yesterday. Bought SSRI at 9.74
    Last edited: Nov 30, 2016
  7. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    They do it every morning it seems they drop the price at the open. Yesterday I held two of my silver stocks overnight when I could have sold them at breakeven end of day. Yesterday I made money despite the precious metals drop on the day by buying after the morning drop. My guess the bottom is around 1163 this morning. I bought another slice of CDE at 9.37 and SSRI at 9.55.
    Last edited: Dec 1, 2016
  8. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I sold out my slices of CDE at 9.52 and SSRI at 9.72. My guess is gold has climbed back up to its top at the moment.
  9. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    my guess is precious metals may be about to have a nice rebound. Go to charts, then interactive charts, then Studies, then MACD and set it to D for day and you will see a nice set up for a rebound. I am holding big on PAAS and SSRI as I was in meetings yesterday and didnt sell end of day.
    http://ca.investing.com/commodities/gold-advanced-chart
  10. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    sentiment-speaks-metals-going-lower?
    http://seekingalpha.com/article/4030912-sentiment-speaks-metals-going-lower?ifp=0

    This is a pretty good article. The author discusses how he thinks the bottom is in the next two weeks. In the comments you will see how crazy the precious metals market is for manipulation its worse than solars it seems. This Avi guy generally has been good at calling the major turns and the last 4 starts to the new year have been good for precious metals. I may go back in a little heavier once the Christmas stock rally is over.
  11. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  12. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  13. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    here is his free SA article from 3 days back
    http://seekingalpha.com/article/404...-sentiment-trumps-government-action-yet?ifp=0

    https://ca.investing.com/commodities/silver-advanced-chart

    Yes if you look at the MACD chart over the longer time frames like 1 week and the volume over the 1 month there seems to be a pretty good chance for this market to move up. Today might be a sell off day as CDE came in below expectations. I just think there are lots of drivers including Putin getting active in Ukraine again and Trumps team seems headed for conflict with China. One of those two are likely going to escalate and maybe both. France has its right wing rising and discussing Frexit. Then there are all those Italian banks in trouble and the government can't take them all over.
  14. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    vidarslien likes this.
  15. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  16. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    Folks I signed up for free two week trial at the link below. Its all about trading on sentiment through Elliot wave theory. When I was tracking the solar shorts on a daily basis it was the same basic concept, tracking changes in sentiment but these guys are very sophisticated and very professional. Its pretty good so far. I am fully into precious metals as I am betting on The Donald to mess up and change investor sentiment. There may be a little pullback in precious metals but it looks very bullish overall.
    https://www.elliottwavetrader.net/

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