I HATE THIS SIDEWAYS MOVE

+1
fast up fast down I do not care but no volatility sideways
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Yeah, this sideways action is weird to me.. I'm not used to it
 
Ah, riiiiight, I get it now.
You're talking about the silver price. :lol:

Yeah, me too.
If it would just do something, either crash down or climb up would give me some cheer.
This is supposed to be a volatile investment after all with lots of thrills and spills.
This is more boring than real estate.
 
Afternoon all,

I am a collector/stacker not a trader, so my likes are different to some.

That said, if I was a trader with a timeframe of about a few days - this would be heaven.

It seems very consistent that if you bought late Friday night (after smackdown) or first thing Monday and cleared out Thursday or our Friday, you be very successful.

In at the beginning of the week and out before the Friday night smack down --- how hard is that?


Have a great evening,

Gazza
 
gazzahere said:
Afternoon all,

I am a collector/stacker not a trader, so my likes are different to some.

That said, if I was a trader with a timeframe of about a few days - this would be heaven.

It seems very consistent that if you bought late Friday night (after smackdown) or first thing Monday and cleared out Thursday or our Friday, you be very successful.

In at the beginning of the week and out before the Friday night smack down --- how hard is that?


Have a great evening,

Gazza
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Good thinking, but less risk going short ;) ATM
 
gazzahere said:
Afternoon all,

I am a collector/stacker not a trader, so my likes are different to some.

That said, if I was a trader with a timeframe of about a few days - this would be heaven.

It seems very consistent that if you bought late Friday night (after smackdown) or first thing Monday and cleared out Thursday or our Friday, you be very successful.

In at the beginning of the week and out before the Friday night smack down --- how hard is that?


Have a great evening,

Gazza
Click to expand...

Nope. No cigar.

Purely out of curiosity, I calculated the results of your theory from the beginning of this year for every week up to this week.
It was assumed a long was taken on the Friday close, and this long was closed out on the following Thursday close.

The results are a loss of $2.82 per oz.
On a single 500oz contract, that is a loss of $1410 per contract.

You can't successfully trade against the trend - though many try. :)
 
Be lucky that this is 2013 and things may be different.
If it had been 1985 the sideways would be for the next 15 years. Your kids would probably think there's a roomplant watching the silver chart on the screen haha.
 
SilverTouch said:
TreasureHunter said:
Sideways trading creates a lot of suspense...
Click to expand...


Suspence is long gone, this is now annoying lol
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For you, maybe...

Not for many of the rest! Plenty are in dilemma: can't decide whether to wait for a bigger dip or enter long now in the hope of a future spike.
 
hotel 46 said:
sideways is good, a dollar makes a diffs of 10-15 dollars on a 10oz bar. trying to buy at the bottom in the long run is rather silly if you have fiat and waiting for a drop. 10-15 on a bar is not to bad, remembering that its close to a 4% move. a move to 40 will double the cost.

depends whether you are a stacker or a dabbler. sideways is good for stacking, it is also good for strong and weak hands alike, the strong can stack and the weak sit on their money and worry whether they should buy or not :o so really its a win win.

the only real loser is the one that bought high and is forced financially to sell lower than he bought in order to supplement his ailing's or age.

someone that bought higher and now needs to sell did not do the sums properly and should wear it accordingly.

so now you can deduce that I am a crab, like moving sideways :P
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Yes thats true but im not buying 1 10oz bar at a time and if it does drop away again then i get more ounces for my fiat, plus i think if it fell away again it would drop more then a $1.

But in saying that it could do the opposite its just the risk you take :)


So your saying that the strong just keep buying no matter what the price is and not think about what the market could do? From those words i take it you still hold silver that you brought in the $40-$30's.
 
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