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Thursday, May 5, 2011

Trading Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

I received a nice pay check today and I decided to pay myself a treat: I decided to explore the silver possibilities a bit more and decided to invest in Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). I purchased hundreds of units at 6.65$. And so far so good, my units are currently at 6.79$. If I am lucky, I will be able to make a 100$ profit – or maybe less. Whatever can be done in profit will be done. I will sell my units shortly before 4pm whenever a profit can be made.

For a while, I had trade Horizons BetaPro COMEX Silver Bull Plus ETF (HZU). At the time, I may had been able to generate a 100$ profit. But I won’t recommend HZU as the title is extremely difficult to hold. Extremely volatile. The title is currently at 32$. Before, the title had reached 40$, and even 50$. I won’t recommend you to trade HZU. I did it once, and I got through the hell of a roller coaster ride.

Currently, my Sprott Physical Silver Trust UTS (PHS.U) and my investment in his American brother are both loosing in value. They are both silver related investment. But today (I had to admit, I wake up late again...) when I finally wake up and log in to my broker account, I notice Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) had gain more than 10%. And those gains had happen between 9:30 to 11:30 this morning... I decided to pay myself a trade treat and invest in Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). Silver investment is not dead. Currently, HZD is at 6.86$! And I will sell my units before the end of the day. I will keep you post.

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