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Message Subject
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BREAKING TRADING ALERT - Who is trading Silver Monday Morning and whats your strategy?
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Poster Handle
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TerraFirma's Esoterrorist |
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First, getting in premarket (which starts at 4 am Eastern) is when you have to do something. Opening bell is too late.
I think SLV (silver electronically traded fund) that holds it physical silver in NY and London is my plan. Swing trade it, just take the ride up (I hope through the day, maybe hold it over to Tuesday), and get out. So not buying silver directly, I assume SLV isn't either, but so I don't feel like I am making the supply smaller personally, but to just ride up the price of silver (if that is what it in fact does), and getting the heck out.
I do have concerns that these RH traders don't understand that if you harm the "hedge funds" you are also bringing down the entire banking and financial system, because it is all interconnected. And that overall is bad for everyone. But I am not against riding some of the upside, and taking profits. That is the key, get to a level of profit you are happy with and get out.
Quoting: Justice4all What brokerage are you using to trade at 4am Eastern? Wonder if my tdameritrade's sinkorswim after hrs app might allow a buy of SLV and/or PSLV same time? Earliest I can place an early buy from my WF Ira cash is 7am I think. Do folks suggest an at market buy over bid? Seems easy to miss liftoff with a price bid buy?
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