UA-300188601-1 The Dividend Girl: Today, I trade Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

Social Icons

Wednesday, May 11, 2011

Today, I trade Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

Today, I needed to sleep and I slept, wake up, open my laptop, eat my cereals... And here it was, the TSX loss 200 points, but my Horizons Silver was up. I needed to do something about it. I buy some units of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) at 6.80$ and a few minutes later, I sell at 6.90$, making a 20$ profit after commission. Nothing major, but for those types of investment, I prefer to stick to small sum of money. I prefer to focus on small profit instead of big ones. A 20$ is a nice extra pocket money. The reason I sell so quickly is in reason of the market situation. Currently, the TSX loss more than 200 points. Also, not to forget that I still hold my investment in First Majectic Silver Corp (FR). I wanted to sell at 20$, but currently, FR is down of 8%. I guess focusing on small profit, even extremely small lol... may be the way to go. Overall, it’s been a good experience. I am confident First Majectic Silver Corp (FR) will go up again. Which mean that I “day trade” enough for today. The market is real ugly right now.

I think I may had forgot to write about it, but this last Friday, I also invest in some units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) at 6.65$. I still hold HOD at this time. I prefer to warn you: HOD is not as easy to hold as HZD or other silver ETF. It’s not easy to make a quick buy and sell on HOD.

I still hold Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD). HOD seem to be one of those ETF who performed well in a bad market situation. I may be able to sell at more than 20$ profit lol by the end of this week.

5 comments:

Anonymous said...

Judging from your day trading, looks like you're on the losing side. For the 30$ and 20$ profit you've done, In a week or so, you're down over 25% with PSLF, 10% with FR and down with HOD. These are great % loss in such a short time.

Speaking of FR, why sell it @ 18.60 to rebuy it at 19.34? And you call yourself an investor. You're an impulse stock trader, changing your mind by the minute which is a great recipe for disaster.

It was easy to make money in 2009-2010 when just about everything was up but it wan be so easy to make money in the future.

Sunny said...

by PSLF, I guess you are taking about my American Sprott silver. that one with PHS.U are for long term holding. I had been investing in Sprott silver since November 2010, buying and selling on a regular basis. Of course, day trading would be nice on them, but it's not possible at this point. But I am confident they will go up again.

As for FR, I understand your confusion about my move, but it was just day trading for day trading. My first trade in FR was good, but the second one didn't work. However, just like PHS.U and it's fellow American brother, they will all go up again. I am confident. I wanted to buy and sell buy and sell in order to make a small profit each time. It's working well. FR will go up again. As for Sprott silver, if they don't go up anytime soon it's not much of a problem for me. I am a Sprott Inc. (SII) holder and a fan of everything related to Sprott products so if I get stuck with Silver Sprott for a little while, it's not that much of a big deal.

If like you said I would be that of an impulse stock trader, I wouldn't be at 85k in net worth. I wouldn't have anything. Maybe you are reading the recent posts only. True I had been day trading a lot more lately. But it's just something I wanted to try.

I am mostly dividend oriented. My major holding are PPL, ENF, DH, PBH, SII, X, EIF, ECA, MX among other. Those are part of my portfolio and I don't plan to sell them.

I appreciate the warning. I am careful with what I do and how I trade and what you had read of me lately is not all of what I am as an investor. I understand the risk.

Anonymous said...

My point is that you accumulated your net worth as you invested most of the your money during the recovery of the recession while stocks where going up quite a bit. That was great timing and you weren't jumping from one stock to another as you're doing now. Anyone that invested in that period made money, I mean the TSX is up 80% from it's lows of 2009.Basically, if any reader mentions a stock, you jump into it without knowing much about it (that's impulse, ex. dgi.un). You sell good stable investment (Ex. BNS, TD, BA, Dh, etc) for risky investments like silver. If you wouldn't have made any trade in the last month, your net worth would be higher than it is today. Just look at when you sold SPB and BA to buy silver. SPB and BA are not down from the price you sold, but silver is way down. That's impulse, chasing stocks that have already gone up and you get caught in the downturn.

You say you sell to pay your margin account than a day later, you buy riskier stocks.

Take a minute and read your blog, you're not an buy and hold investor like Derek Foster. You are a gambler with real money, not monopoly money as you put it.

Take a minute and read your blog, you'll see you're an impulse trader and hurting your returns.

Sunny said...

Wow, you are really following me! Thank you for that. I understand better what you mean. But "impulse", is not a word I see myself in. It's just I am trying to do my best with what I own. I sell some DH stocks because I had too much of it in my portfolio and I was on margin on it.

As for SPB, I was tempt by it's high yield. I made my experience, I sell it, loss money yes, but not enough to hurt my portfolio. I learn not to focus that much on dividend yield. I should know better, but that was beginning 2011, everything went well, my dividend income was on the high and my goal was to increase even more my dividend earning... My goal is different now, I want to keep a balance between dividend and quality stock. My latest investment in ATP is one of those good investment, well balance between dividend and quality stock.

I am tired of quality stock that just pay little in dividend.

I buy some TD stocks because I always wanted to have some TD in. I buy at something 79$, sell at 82$ and something, cash in the latest dividend, sell at profit this investment that I buy using monopoly money. Too little dividend for the bucks and also, I got an horrible customer service experience when last time I visit TD Waterhouse "branch" at the Eaton Centre in Montreal + over the phone with TD so do I really care about TD now? NO. So I kick TD of my portfolio in response to their poor quality service with some individuals.

BA go up and a bit down, it will remain around the price I had paid for it for now I guess. I sell BA to buy Sprott silver. do I regret it? Not a second. I had a real fun time trading Sprott Silver!

"You say you sell to pay your margin account than a day later, you buy riskier stocks" - this is true. You are right. But is it that of a big deal to be willing to use a bit of margin money to day trade? (Can I say that for my defend at least?).

It's true I change my mind, write a lot, maybe too much and them i do something completely different that what i had wrote the day before... I am not static, I am not build in the rock...

What can be seen as "impulsive" is just a willingness to succeed.

If I feel I own too much DH and want to sell 100 stocks - what i did, I will do it.

If I want to sell some CDL.A to buy something with a higher dividend, I will do it and I did as well.

Strongest part of my portfolio will never be sell.

I got your idea and you are quite strong and very good. I appreciate your view and I will think about all this.

Sunny said...

Note: some problem related to the Google Blogger platform had erased comments on posts of May 12, 2011...

I was able to find this comment, which seem to have been deleted.

Another comment from an Anonymous reader:

My point is that you accumulated your net worth as you invested most of the your money during the recovery of the recession while stocks where going up quite a bit. That was great timing and you weren't jumping from one stock to another as you're doing now. Anyone that invested in that period made money, I mean the TSX is up 80% from it's lows of 2009.Basically, if any reader mentions a stock, you jump into it without knowing much about it (that's impulse, ex. dgi.un). You sell good stable investment (Ex. BNS, TD, BA, Dh, etc) for risky investments like silver. If you wouldn't have made any trade in the last month, your net worth would be higher than it is today. Just look at when you sold SPB and BA to buy silver. SPB and BA are not down from the price you sold, but silver is way down. That's impulse, chasing stocks that have already gone up and you get caught in the downturn.

You say you sell to pay your margin account than a day later, you buy riskier stocks.

Take a minute and read your blog, you're not an buy and hold investor like Derek Foster. You are a gambler with real money, not monopoly money as you put it.

Take a minute and read your blog, you'll see you're an impulse trader and hurting your returns

 

Thank you

Thank you for visiting!
 
Blogger Templates