/biz/ - Business & Finance

Its not too late to buy silver crypto friends. Get out of the crypro ponzi scam while you can and buy a real hard asset like silver of gold

aaaaaaaaand we are back! Thanks super mario

aaaaaaand we are back! Next stop $20

aaaaaaaaaand we are back!

Thanks silver chads for telling me to buy silver yesterday

now that bitcoin is dead, we are all investing in silver. Why aren't you?

I only have $17 in my bank account
I am also 16, living with my parents, and I do not have a stable job, but there are plenty of job places in my area
Should I buy a 1 ounce silver coin as a small investment?

Silver has dipped under $14.70, is it a good time to buy?

ITT: We talk about the only thing that works in trading stocks as a retail investor: risk management and a strict trading plan.

Years of trading has lead me to the conclusion that there's only a few things we can do as retailers to grow our money let alone not lose all of it and that involves risk management and strict trading parameters and not deviating from them in terms of cutting loser trades immediately and allowing winners to run 'on a leash.' Maybe your plan is to cut a losing trade when it loses 2% while on the flipside your plan is to capture 6-8% for each winning trade. Now, circumstances will vary from trade to trade such as the environment overall down to smaller niche circumstances but our overall risk:reward ratio should always be 1:3+ if we want to win in the long run.

Portfolio management goes hand in hand with the risk management aspect, never risking more than % amount of your portfolio in just one trade. However, the downside to this is we (mostly all of us) are starting out with small portfolios. 200 dollars in one trade to make 20 dollars is not going to get us anywhere soon, nor should it (things that come fast go leave faster) but we can't put all of this effort and time into trades to earn a measly 20 dollars (assuming we start with a 10k) account.

So, what are some of your trading protocols to remain in the game, yet earn an above average return? I know there's a few guys with high-high risk plans that are working currently, but just as everything else, unless you are incredibly intuitive and can shift with the change of the markets the outliers will eventually burn your plan to the ground.

Let's bounce some ideas around.

ITT: We talk about the only thing that works in trading stocks as a retail investor: risk management and a strict trading plan.

Years of trading has lead me to the conclusion that there's only a few things we can do as retailers to grow our money let alone not lose all of it and that involves risk management and strict trading parameters and not deviating from them in terms of cutting loser trades immediately and allowing winners to run 'on a leash.' Maybe your plan is to cut a losing trade when it loses 2% while on the flipside your plan is to capture 6-8% for each winning trade. Now, circumstances will vary from trade to trade such as the environment overall down to smaller niche circumstances but our overall risk:reward ratio should always be 1:3+ if we want to win in the long run.

Portfolio management goes hand in hand with the risk management aspect, never risking more than % amount of your portfolio in just one trade. However, the downside to this is we (mostly all of us) are starting out with small portfolios. 200 dollars in one trade to make 20 dollars is not going to get us anywhere soon, nor should it (things that come fast go leave faster) but we can't put all of this effort and time into trades to earn a measly 20 dollars (assuming we start with a 10k) account.

So, what are some of your trading protocols to remain in the game, yet earn an above average return? I know there's a few guys with high-high risk plans that are working currently, but just as everything else, unless you are incredibly intuitive and can shift with the change of the markets the outliers will eventually burn your plan to the ground.

Let's bounce some ideas around.

Let's discuss gold/ silver:


I've thought about it for a bit and prices seem attractive, for silver anyhow. Gold is a lil pricey yet, but silver isn't far from it's historical average. Silver is one of those things you can buy at a yardsale, online, anywhere, and just hoard it. Coins, diningware, whatever. Personally I think it'd be a good hobby to collect and far easier than gold. Something you can hold and feel with your hands.

It's not hard to take a few extra dollars from your check and buy a few coins every now and then, too.

If interest rates begin to rise, the markets will begin to contract a bit (or a lot, who knows) and you'll have the safe-haven flight to precious metals again.

If the markets continue to rise we'll have inflation fears, gold and silver rise.

If the dollar rolls over we'll have an inverse relation in commodities/ metals in general and silver and gold will rise.

There's not a whole lot of scenarios where you don't win in the long-run with precious metals.

>>674932
BUYYYYYYYYY