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hotatsoon
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Tat Soon Ho, a professional equity trader for a Global Bank based in Singapore specializing in US equities for the past 4 years and currently completing his CFT (Certified Financial Technician). Prior to my current role, i spent about 6 years in the area of Wealth Management focusing on... More
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  • Protecting Our AGQ Positions 5 comments
    May 5, 2014 7:56 AM | about stocks: AGQ, SLV

    For those who have previously gained 5-6% from AGQ, and likely to rise even further today towards $63 and higher..

    I personally will consider 1/3 position to short in the Spot Silver XAG market when it is nearing $19.90

    For e.g. i have $30k worth of AGQ , i can consider shorting $10k worth of XAG...

    Our AGQ will have been opened when Silver is around $19.20 - $ 19.40..

    Themes: silver, commodities, gold Stocks: AGQ, SLV
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  • almoni
    , contributor
    Comments (59) | Send Message
     
    I don't consider that scalpers it is shameful. it is honourable as any work - even the grave-digger.
    19.20 they bought - 19.90 $ already sell. ha-ha
    it is difficult to carry on each time ingots to trade and back.

     

    why - not to look for an entry point with 5 - 10 - 20 $target of a profit? ? ?
    5 May, 08:38 AM Reply Like
  • hotatsoon
    , contributor
    Comments (31) | Send Message
     
    Author’s reply » because for most traders it is on leveraged trading..

     

    it is easier to make 10 times of profit each $0.70 than to make a $7 trade..

     

    but nevertheless we still keep some $19.20 positions its really money management .

     

    everyone has their preferences.

     

    cheers!
    Happy trading
    5 May, 09:10 AM Reply Like
  • almoni
    , contributor
    Comments (59) | Send Message
     
    ok-
    it is all difference. a tiger hunter in the jungle = the sniper is honor and valor and the machine gunner in 1 world war from 10 000 bullets killed 100 people it simply the butcher. though 100 certainly it is more than 1
    5 May, 09:38 AM Reply Like
  • hotatsoon
    , contributor
    Comments (31) | Send Message
     
    Author’s reply » whatever brings home the dough :)

     

    how are you doing?
    5 May, 10:11 AM Reply Like
  • almoni
    , contributor
    Comments (59) | Send Message
     
    it is the typical answer. you know I was a insurance agent and earned only when sold the policy. and so I did one meeting in day with the client and received his consent = the policy - my earnings. I sincerely despised those colleagues who did 20 meetings per day and sold the 2nd policies. it not skill of sale is a bungler IMHO. it as if to cut down all wood in forest just to make a 1 table. or to throw a bomb against a cockroach... destroyed the village
    5 May, 11:03 AM Reply Like
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