A profitable journal with all entries/exits posted in advance

Next order is buy 800 @ $7.92.

Is there a 1x inverse silver ETF? I saw some that were 2x and 3x inverse but I didn't see one that was 1x inverse.
 
Holy cow, silver futures are down over 9% since Friday's close.

This represents a drop in USLV of around 27%.

USLV won't be available to trade until the open tomorrow, though.

This represents a USLV value of about $6.90.

Will be interesting to see what happens.
 
Silver spiked back up yesterday!

big-silver-spike.png


I had an order sitting to buy 800 shares of USLV @ $7.92 and it didn’t get filled because USLV only got down to $7.95.

If my order had been at $7.95 instead and had gotten filled I would now have 1,385 shares of USLV with an average cost of $8.64 and with USLV currently at $9.21 I would be up $796. However, since that order was not filled, my position remains at 585 shares with an average cost of $9.57 and is currently down $212.

My order for $7.92 is still open.
 
The order to buy 800 shares @ 7.92 was filled today.

I stopped posting daily updates because I got bored and silver wasn't going anywhere. As of right now the position looks like this:

Shares: 1,385
Average cost: $8.63

Open P/L: -$900.25
 
Pardon me if you have this somewhere in this journal. What is your average % return over the last 5/10/15 years of trading (or whatever other periods make sense based on your time doing this)?
 
Quote from TraderZz:

Pardon me if you have this somewhere in this journal. What is your average % return over the last 5/10/15 years of trading (or whatever other periods make sense based on your time doing this)?
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I'd have to go check the exact numbers. Probably close to 100% in 2009. In 2010 I was day trading for half the year and while I was profitable and posted almost every trade in real time in another journal thread, that's not technically this same method so I'm not including it. In 2011 I posted every trade live in a previous journal thread and the biggest winner was just over $41,000 and represented approximately a 5% gain. I opened one more trade in 2011 but didn't close it out until January of 2012 and that was for around a $5,000 gain. I didn't make much in 2012 because it was a slow uptrending year.

People criticize that I don't make much in uptrending years as if that somehow invalidates the way I trade. Uptrending price without pullbacks means I don't enter (unless I already happened to be in).

Keep in mind I'm not saying this is the best way to trade, nor the most profitable way to trade, nor the only way to trade, only that it is the only way for me to trade since I cannot predict price.
 
Quote from 1a2b3cppp:

I'd have to go check the exact numbers. Probably close to 100% in 2009. In 2010 I was day trading for half the year and while I was profitable and posted almost every trade in real time in another journal thread, that's not technically this same method so I'm not including it. In 2011 I posted every trade live in a previous journal thread and the biggest winner was just over $41,000 and represented approximately a 5% gain. I opened one more trade in 2011 but didn't close it out until January of 2012 and that was for around a $5,000 gain. I didn't make much in 2012 because it was a slow uptrending year.

People criticize that I don't make much in uptrending years as if that somehow invalidates the way I trade. Uptrending price without pullbacks means I don't enter (unless I already happened to be in).

Keep in mind I'm not saying this is the best way to trade, nor the most profitable way to trade, nor the only way to trade, only that it is the only way for me to trade since I cannot predict price.
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I'm not criticizing, judging, or even evaluating. I've read a few posts from you and am just curious about your track record and history.

To summarize: You've traded for a total of 3 years and have averaged just over 35% a year from what you just stated?
 
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