Home > education, Markets > May 02, 2011 the short side of the silver trade

May 02, 2011 the short side of the silver trade


after SLV had made a “rangestat” move: the maximum normal expected intraday move from low of the day to high of the day (so far), it reached 46 and stalled.  This set up a nice ttrade for us in the short side, using ZSL the 2x inverse silver ETF, which gave us a low risk entry at 14.50, with 2d positions at 15 and 15.25, on initial risk of .25. 

The closing weakness in silver siggests a negative follow thru tomorrow at the opening which will be favorabel to our positions

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Categories: education, Markets
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