Silver
Slices Alert Reader (May
24)
I just started
trading silver a few months ago. I knew nothing about commodity trading before,
but I thought I'd give it a shot. I invested approximately $20,000 in 1,000 troy
ounce silver boullion in a margin account that gave me approximately $80,000 leveraged
funds. My equity was down to $15,000 when my trader suggested that I try to do
a short transaction. I did this to get a few thousand in profits by selling long,
so I could take the profit also when the price went down. Meanwhile, I'm paying
11.65% interest on an account where my equity is decreasing steadily. +AFw
Is this normal? Shouldn't my equity have increased when I sold my silver? At what
point should I be worried about my decreasing equity? Can you share any data and
trading strategies for silver?
Editor-in-Chief
Courtney Smith: Stop doing what you are doing now!
Frankly, it sounds like you are being ripped off. (more...)
