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re: "Hi, ho Silver!!!! Away!!!"*
Posted on 7/17/13 at 9:21 pm to LSURussian
Posted on 7/17/13 at 9:21 pm to LSURussian
So Russian, if it hadn't moved up .8%, what would your sell strategy have been? If it opened .8% lower tomorrow what would you have done? is it just you like it at the price for a hold of some period, but if you happen to make 1% in an hour you go ahead and trade it?
1
Posted on 7/17/13 at 9:36 pm to Zilla
quote:
if it hadn't moved up .8%, what would your sell strategy have been
Probably hold until tomorrow morning to see how silver futures were pricing.
quote:Hold for an hour or so and if it had shown no improvement, sell it.
If it opened .8% lower tomorrow what would you have done
quote:
is it just you like it at the price for a hold of some period, but if you happen to make 1% in an hour you go ahead and trade it
Yeah, pretty much.
But it's not like I decide to buy something on the spur of the moment. I watch about 50 securities for months or even years and identify trading range patterns. The patterns become pretty predictable except when there is an event which breaks the pattern at least temporarily. Sometimes those events are profitable and sometimes they kick my butt.
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