tag:blogger.com,1999:blog-6818486532233792196.post403514788641467976..comments2024-03-18T14:35:45.389-04:00Comments on The Dividend Girl: Today, I day trade Horizons BetaPro COMEX Silver Bull Plus ETF (HZU)Sunnyhttp://www.blogger.com/profile/10439081666297874311noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6818486532233792196.post-65107131103264879722011-05-19T19:33:28.410-04:002011-05-19T19:33:28.410-04:00Sunny I'm sorry to say you're making some ...Sunny I'm sorry to say you're making some really big mistakes here. If you're already holding HZD and you want to make a day trade based on silver going up, then you don't even need to buy HZU. All you need to do is sell the HZD you already have in the first place. All you accomplished by buying HZU was burn two commissions that you didn't need to pay for. You didn't really make any money on your HZU trade because all you actually did was trade the profit from HZU into a loss on HZD which you're still holding (and leveraged ETF's should never be held more than a day or two because the time decay will kill you, especially with a volatile commodity like silver).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-31965169880235034072011-05-19T11:43:16.030-04:002011-05-19T11:43:16.030-04:00Oh yeah, I still hold HZD, as well as HOD and FR. ...Oh yeah, I still hold HZD, as well as HOD and FR. I am hoping those titles will go up so I can sell. HZD is going up, but do not exceed the 7.79$ I need to sell at profit. But a learn my lesson. Day trade yes, but moderately.Sunnyhttps://www.blogger.com/profile/10439081666297874311noreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-4439689360188560142011-05-19T09:36:52.251-04:002011-05-19T09:36:52.251-04:00Sunny, have you decided how you're gona make m...Sunny, have you decided how you're gona make money with HZD if silver keeps going up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6818486532233792196.post-47503961775351094772011-05-18T11:28:23.879-04:002011-05-18T11:28:23.879-04:00yeah, silver is up so you're doing good with f...yeah, silver is up so you're doing good with fr, phs.u and pslv. But you're losing 7% with HZD. That's like betting on a hockey game. You bet with one friend that Montreal will win and the other one that Boston will win. You're sure to win one, but also sure to lose the other. I can't see how that makes any sense. You say HZD is for day trading, but you've held it for more than a week. And for HZD to go up to the price you paid for, you'll lose what you made today on FR, PHS.U and PSLV and then some. So why get excited about silver gains today. <br /><br />So you better decide what you think silver is going to do. If you think it's going up, HZD will keep going down in value and might never recuperate. Is silver goes down, you'll do ok with HZD but lose on all your other silver stocks.Anonymousnoreply@blogger.com