No Trading

Sorry its been crazy and I haven't had much time for anything. Although this week I did manage to come in third place in a trading contest (yay) which wins me a few bucks for making 1688 points off the S&P. I attempted to sell on wedesday night but unfortunetly I am still new to the trading software and the sell failed. Maybe next week I'll figure out how to use the software. Aside from that I have not completed any trades this week but hope to in two weeks. the market should be closed for thanksgiving and black friday. Anything can happen those days causing the market to be gapped up or down. You can go in but iI wont. After the holidays i hope to make some successful trades.

Im out baby

Wow what happened? The dollar today weakened, causing commodities to increase in price. Silver made a new high today at 18.13 but closing the day at 18.02. There was a huge .40 point gap today, what happened there? I don't know but it took out my stop. I know Ben Bernanke mad an announcement, Ben ernanke is still not interested in raising interest rates, this might be the very reason for the decline of the dollar today. Obama is also in china trying to get the chinese to invest more money with us. It must be nice to show the chinese a chart of the dollars rapid decline.

We'll See what happens tomorrow

SLV update

This is what my chart looks like, although I have my money invested in ZSL which is 2 times silver short. This is silver long. We had an interesting week, we kept on getting gapped up. The volume remains low. Anyway we if look at the chart, since we made our investment, it popped up to 17.41, made a double flat top, came down a little and make a lower high at 17.16. It may be slow, and we didnt get our money but the stars are aligning. Im going to hold my position.

Ps I had a good feeling earlier in the week and readjust my stop to 4.45. I didnt want all that gapping to stop me out.

Investing in Silver

If you guys haven't figured it out yet, I really like silver. Years ago when I was four years of age my grandmother gave me my first real peice of silver back in the 1980's. It was a JFK half dollar from 1964. At the time it was coolest thing being I have ever seen a a half dollar prior. I liked the way it was bigger and heaver then quaters and Susan B Anthony coins. When i got my second JFK half dollar I realized the one from 1964 was heavier then the one from 1976. This started my hobby as a coin collecter.

Silver is awesome because its a good conductor or electricity, its used in computers, a ton of other items and you have to go digging in mines for it. Its a small peice of matter that has been through so much and can do so much. Silver was also been used for centuries with gold as a form of currency and in which our constituion states in article 1 section 10 basically conrgess has the right to coin silver and gold and distribute them as a currency. Years ago in 1971 Nixon took away our right to bring our hard earned dollars or silver certificates to the banks to be redeemed silver. One ounce of silver for ever silver certificate. today its about 17 dollars an ounce. Now we use Fed notes which is backed by nothing. But dont worry when the Fed notes fail completly we will go back to silver and gold, a currency that has been a world currency for thousands of years. Ironically the amero which is supose to replace the the dollar is made out of 999 silver.

Gold I would invest in but being that I am broke, silver is the best way to go for me. Ways to invest in silver would be to collect silver dollars, half dollars, dimes and quarters from before 1964. Buy Silver bars or bullion. Im collecting coins and investing my money in slv which is the silver etf, agq which is silver 2x long and zsl which is silver 2x short. If you think silver is going to go up invest in slv or agq if you think silver to going to go down invest in zsl or short the others. Personally I have been swing trading making money on both the way up and down. When silver declines which is predicted to be next week, thats why i invested in zsl it will be time to purchase more coins. Most coin dealers change their prices according to slv. If slv is low im buying silver!


This is what my char lookes like. The way slv leveled off, the highlighed section where it jumped up a point in a day, the fact it stopped making new highs and was gapped up to that high, makes me feel like the up trend is over for now and it will plummit at least a point, to test that 15.8 line out. Ill keep you guys posted through the week.

Below is a silver certificate, Compare it to the dollar. I like where it says "PAYABLE TO THE BEARER ON DEMAND"

Trading Silver

Silver made a lower high this week and is struggling in its current position. The dollar also seems to have a lot of volume while silver wedges out. This might be a good turnaround time and a good time to short silver. ZSL is a ticker which is two times silver short. I made a limit order so if ZSL drops 6 cents then it will trigger my trade of 300 shares. This will definetly be a good bear trade. A friend suggests it should take a week to make 300 bucks which will be one point. Ill be happy with 100 bucks. Either way we will see what happens.

Shorting the S&P

I called up and entered a trading contest today, the rules are you get 5 contracts and with the 5 contracts you can do what ever you want to the S&P. The three traders with the most earnings will win cash while the others don't. Why not I have nothing to loose. The last contest I came in 5th place out of 17, not bad for my first trading contest.

This week, I was really unsure of what to do after looking at the charts so I shorted the S&P. I strongly believe the S&P will make a turn for the worse in the near future, im just unsure of how soon it will turn. I feel like it can happen any day or it might have one last thrust upwards kissing 1100 again then failing to make new highs and eventually going down hill. I predict this last thrust will be in will take about a month to achieve

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