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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Steve Huskey who wrote (1534)	4/16/2003 5:56:04 PM
From: Steve Huskey	Read Replies (1) \| Respond to of 1643

More techniques and markets. Here's a nice market to scale trade... Silver. Take a look at the long term chart. Buy at 4.2 sell at 4.5 to 4.6. Scale on the way down if it moves against you. If the market looks like its bottoming and close but wont reach your target then sell a put. Recently I sold a 420 put when silver was near 4.4 for about $500. Here's my thinking, If it goes down to 4.2, then I was going to take a postion here anyway and I keep the cash. If it moves up... I keep the cash. Cool. Anyway, it's hard to explain, but you have to change your thinking. You need patience. Try to look at your bank account and the % payoff you'll get over the long run instead of technical indicators on a chart. If you can setup a scenario where you can hold on and not take a loss and get 200 - 300% on your money, SO WHAT if it takes 2-3 years. What % is that a year? You do the math.