FAST PROFIT TRADES

Hi, Ho, Silver! 9 Straight Profitable Trades on AG!

I have been day and swing trading First Majestic Silver Corp (symbol: AG) for about the past 7 weeks.  During that time, using the FastProfitTrade Method that I have developed, and despite a drop in the price of silver and silver stocks such as AG, I have still achieved 11 of 13 profitable trades (84%).

9 of the 13 trades have been day trades, and are initiated upon intraday pullbacks, and utilize several of my key indicators to determine when to pull the trigger on buy orders.

The last 9 consecutive trades have been profitable ones, and overall I am 11 for 13 on the profit side.  Most of the positions have been sold with gains of 1%-3%.  Because of the down trend in AG, most of the times I was able to sell my position, and then buy it back in the next day or two at a considerably lower level.

For example, on June 7th, I bought AG at 18.44, and sold it within a half hour for $18.72.   That doesn’t  sound like much, but it was a 1.5% gain in only a half hour.  Do that 4-5 times per week and in a year you can really grow your wealth.

For example, if you began the week by trading $20,000, and achieved a 1.5% gain each day that week, at the end of the week, you would have $21,545, which is a 7.7% gain for the week.  Now do the math for 50 weeks (yes, we take our profits and go on a nice two week vacation), and you’ll see what I’m talking about.

Anyway, on June 8th, I re-bought AG at 17.81 and again sold it shortly afterwards, at 18.11.  Again our return on investment before commissions is 1.6%.

There are times that the return on the daytrade is even more profitable.  For example, on May 4th, I bought AG at 17.68 and sold it the same day at 18.29.  That’s a 3.4% return on the same day!

So as you can see, I especially like trading AG because it is quite volatile, and you can usually tell what kind of day it will have by watching the price of silver before the opening bell.

                                                                                      3 Month Chart of AG:

                                                                                      chart courtesy of stockcharts.com

If you like the idea of trading silver, but want to reduce your risk a little bit,  instead of AG, you can trade the silver exchange traded fund, symbol: SLV.

Even though AG has dropped from over $26 per share to the current level around $18, by buying it at the right time, I have been able to do very well on these short term trades.

Hi Ho, Silver, away!!!

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