I don't trade them (anymore), but silver especially is such a volatile commodity and those ETF's double the volatility.
I had a simple algorithm that, in theory should have worked very rapidly if you had the discipline (and stomach) that could make a lot of money that I never could fully implement that maybe you could have better luck with than me.
When the spot price of silver tops the 200 day moving average, sell AGQ and buy ZSL to short silver.
When the spot price drops below the 200 day moving average, sell ZSL and buy AGQ to go long silver.
The thing about those ETFs is they can have daily 20-30% moves and if you blink you can miss your buy/sell opportunity.
Instead of trading them, I set them as notifications though for when to accumulate more physical.
If you have a rock hard stomache (and are a little bit crazy) check out ZSL and AGQ.
They're double leveraged silver ETF's, ZSL shorts, AGQ goes long.
I don't trade them (anymore), but silver especially is such a volatile commodity and those ETF's double the volatility.
I had a simple algorithm that, in theory should have worked very rapidly if you had the discipline (and stomach) that could make a lot of money that I never could fully implement that maybe you could have better luck with than me.
When the spot price of silver tops the 200 day moving average, sell AGQ and buy ZSL to short silver.
When the spot price drops below the 200 day moving average, sell ZSL and buy AGQ to go long silver.
The thing about those ETFs is they can have daily 20-30% moves and if you blink you can miss your buy/sell opportunity.
Instead of trading them, I set them as notifications though for when to accumulate more physical.