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Trades

Discussion in 'Silver' started by stockbutterfly, Dec 6, 2016.

  1. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    Post here any trades ot trading techniques.
  2. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I am continuing everyday to not hold precious metals overnight as I dont have much time to watch the market. I have noticed a distinct pattern of morning sell off as the market opens in the US and then late day rise so i am playing that. Yesterday I bought SLW and sold it for a 2.5% profit (I didnt post the trade as I buy the stock on the CDN market ($CDN) to keep my trade fees lower). It since continued to move up. My guess is precious metals nearing a bottom. They are so volatile I never chase them up.
  3. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I bought SSRI at 10.10. My guess is 1170 on gold is near the bottom today. Bought PAAS at 17.45.
    Last edited: Dec 6, 2016
  4. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    Out of PAAS at 18.05, not sure where this is headed as it opened with a gap so i took the 60 cent profit as gold often sells off after open
  5. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    Sold my ssri at 10.19, not sure but thinking gold headed down a little more and that might be it for the day. Back to 100% cash.

    Bought back the SSRI at 10.03 to me its the only one I am guessing is a little cheap still.
    Last edited: Dec 7, 2016
  6. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I took another slice of SSRI at 9.95
  7. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I took a slice of SLW at 22.13
  8. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I picked a slice of NUGT today at 29.97. Some think gold may bottom next week.
  9. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
    I think precious metals may be wallowing in the muck like solars for a while. I have just been flipping them but flat on my investments overall. I exited this trade yesterday at 28.82. There is a lot more weakness than many expected. I guess if anything good out of weak precious metal prices is cheap silver is good for the solar sector:).

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