Today, I am trading Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) – Part 2

I had sold my HZU at 11.81$, making a profit of 30$ after commission. Not huge profit, but a profit is a profit and I am not exactly looking for extraordinary gain. Gains, as little they are, are welcome. Buying and selling on the same day is a must, knowing I am using margin money. I use just a couple of thousands at a time. If it can generate a small profit, that’s good. Take it this way, a 30$ is enough to almost pay my cell phone bill... :0)

I still have First Majectic Silver Corp (FR) under process so I wanted to do a quick buy-and-sell today before leaving to work, as I have to leave earlier today. I hope FR will hit the 20.10$ before the end of the week.

Today, I am trading Horizons BetaPro COMEX Silver Bull Plus ETF (HZU)

I had purchased units at 11.61$. Currently, HZU is at 11.74$. It’s moving well. I will follow this one through the day. I set myself a sell order at 11.91$. We’ll see what happen. Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) seem to be safe to trade on. Quick buy and sell day on Horizons BetaPro COMEX Silver Bull Plus ETF (HZU).

I also purchase stocks of First Majectic Silver Corp (FR) at 19.34$. I am looking forward to sell at 20$. But maybe not for today. Beautiful sunny day for fantastic little profit.

About my sell of TD Dominion Bank (TD)

Earlier today, I decided to sell my TD Dominion Bank (TD) stocks. I decided to sell for various reasons. As I said quickly previously, TD dividend is quite low (below 4%). I had used margin money to place this investment a couple of weeks ago. My margin account is at an interest rate of 4.25%. The dividend of TD is not even reaching the interest. I knew that when I first invested in TD of course, but at the time, it was an investment just for the heck of it. I always wanted to own TD in my portfolio. Now it’s been a thing done, for the couple of weeks it had last. I made a little profit out my sell. I was happy to sell. This will help to decrease my margin. I am now at 36 000$+ on my margin account. On that amount, a 5 000$ went for payment for my credit line. This meaning I have used 31k for investment purposes.

Following my TD sell, the plan was of course at first to reinvest the money in something else. But remember we are in May. May is known as being a difficult month for investors and I taught that I may calm down before hitting a wall. So that’s how it is for now. Tomorrow, I will try to wake up early and be ready for the market opening. And maybe another trade on the way.

I sell all of my stocks of Toronto Dominion Bank (TD) at 82.02$

I'll write about it later. This had been done to decreased my margin. TD dividend yield is too low. I decide to sell, cash in the profit and leave the money on the margin for now.

My trade in First Majestic Silver Corp (FR)

I did not write about it this last Friday, but this last Friday, I had buy 150 stocks of First Majectic Silver Corp (FR) at 17.96$ and 17.95$. My goal was to do another quick sell and sell and make a small profit like I did previously with Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (I made a 60$ profit in one day by trading HZD and was very happy about it!).

Following my Friday purchase of First Majectic Silver Corp (FR), I place a sell order at 18.51$. The sell did not happen on Friday. So I spend all weekend long thinking of what I had did. I taught of Eric Sprott who had sell part of his own silver to reinvest in silver producer companies. And I came to the conclusion that my move was a good one. Also, I read articles saying that silver companies will do well despite an anticipated silver crash value. So there again, it was another confirmation. I did some search on First Majectic Silver Corp (FR) and I find the company a perfect fit for my portfolio. FR is not a dividend payer, but my goal with this investment was clear: a quick buy and sell.

This morning I wake up late as I suffering from a little pain coming from also an anticipated event lol. The first thing I do in the morning is opening my laptop, log in to my broker account... And this morning, I had a huge surprised, my sell order work out, I had sell 100 stocks of First Majectic Silver Corp (FR) at 18.64$ and 50 other at 18.62$. Currently, First Majectic Silver Corp (FR) is at 18.84$. I am happy because I made a quick 81.51$ profit after commission.

Sorry not to inform you before, but at this time, First Majectic Silver Corp (FR) is still hot.

The Silver of Sprott is going up again: Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV)

A couple of days ago, the Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV) units crash to 15$ and under. Just about 2 weeks ago, the Sprott silver units were at 22$.Since the mini silver crash, Sprott Silver is up again. Currently units are around 17$.

The Sprott Physical Silver Trust UTS (PHS.U) units I own were purchase at something around 15$, so I am not loosing anything in value. I invested in my first US dollars not too long ago through the Sprott Physical Silver Trust ET (PSLV). I made my investment when the units were among their highest, 22$. No way I am going to sell my silver units! I know I can catch on with Sprott Silver.

Currently, PHS.U is at 17.20$ and PSLV at 17.17$.