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Thread: Selling it Short

  1. #1
    Join Date
    Dec 2011
    Posts
    113

    Default Selling it Short

    So here's the deal, plain and simple. I dont hate on Silver ETF traders. I just dont care.

    Now.

    I own around 100 oz of physical silver I paid $3000 for. I want to insure that from losing money in the clear down trend we are in with silver spot.

    So I want to invest in 250-500 in insurance from selling silver stock short.

    If i lose there, I win with my physical (hopefully) and if Im right I should make some money with my short.

    What stocks will give me the largest return if i'm right and silver tanks into the mid to low 20;s again and how long can will i be allowed to hold my shorts until I am forced to cover my losses if silver goes up?

    Help would be appreciated

  2. #2
    Join Date
    Oct 2011
    Location
    North Carolina
    Posts
    348

    Default

    Quote Originally Posted by SilverChris View Post
    So here's the deal, plain and simple. I dont hate on Silver ETF traders. I just dont care.

    Now.

    I own around 100 oz of physical silver I paid $3000 for. I want to insure that from losing money in the clear down trend we are in with silver spot.

    So I want to invest in 250-500 in insurance from selling silver stock short.

    If i lose there, I win with my physical (hopefully) and if Im right I should make some money with my short.

    What stocks will give me the largest return if i'm right and silver tanks into the mid to low 20;s again and how long can will i be allowed to hold my shorts until I am forced to cover my losses if silver goes up?

    Help would be appreciated

    I honestly wouldn't do it, not that i'm not a risk taker, but I tried doing stocks TWICE. I even had a broker help me & both times I lost. I think all this E-Trade hype is crap and only 1% of people really make nice profits. They really glorify it to be something its not. Keep stacking your physical and sell some on spikes, buy it on dips. That's just my opinion, don't quit when you're already ahead!

  3. #3
    Join Date
    Apr 2012
    Location
    Philippines
    Posts
    1

    Default you are right

    I think that's right!

  4. #4
    Join Date
    May 2011
    Location
    USA - East Coast
    Posts
    376

    Default

    Quote Originally Posted by SilverChris View Post
    So here's the deal, plain and simple. I dont hate on Silver ETF traders. I just dont care.

    Now.

    I own around 100 oz of physical silver I paid $3000 for. I want to insure that from losing money in the clear down trend we are in with silver spot.

    So I want to invest in 250-500 in insurance from selling silver stock short.

    If i lose there, I win with my physical (hopefully) and if Im right I should make some money with my short.

    What stocks will give me the largest return if i'm right and silver tanks into the mid to low 20;s again and how long can will i be allowed to hold my shorts until I am forced to cover my losses if silver goes up?

    Help would be appreciated

    The fact that you're asking this on a random internet forum means you ought not be doing what you're planning on doing. Short selling involves extremely high risk. Do not do it.

  5. #5
    Join Date
    Dec 2009
    Location
    Chicago
    Posts
    4,267

    Default

    Quote Originally Posted by Mizzle View Post
    The fact that you're asking this on a random internet forum means you ought not be doing what you're planning on doing. Short selling involves extremely high risk. Do not do it.
    A hedge, such as short selling against a long position, reduces risk. It does not add "extremely high" risk, it just changes the risk profile.

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