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 Replies: 9 / Views: 1,500 |
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Valued Member
344 Posts |
Hey guys. I wanted to do some futures training. Mostly with gold and silver as I know NOTHING when it comes to things like cocoa and hogs or corn lol.
I want to just start with mini contracts like the Mini New York 1000oz silver, or the E-Cbot 100 oz gold contracts. Or if there was other minis that I do not know of for strictly gold or silver futures those would work as well.
I would like some recommendations on good sites to do my trading. If possible ones that do not report everything to the GOV. I tried Ameritrade so far but they want 10k to open a account and told me you have to wait for a long time too to be accepted as a futures speculator.
So where can I go to trade some mini contracts? My biggest things are of course ease of software, low fees and commissions, reporting to GOV every time I wipe my ars, how much I need to open the account, and of course them being legit.
Thanks for the help in advance my friends :)
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Pillar of the Community
United States
3670 Posts |
Nothing beats physical gold and silver, when a SHTF situation happens....
What are you gonna do when the gov closes the banks, locks up the safety deposit boxes? Thanks for all that free gold an silver uncle Sam will be singing under his breathe, lol.
And with one or two clicks from the right computer programmers/hackers, he will make your paper Pm accounts disappear right before your very eyes, as if they did not exist to begin with....
I may be too paranoid, and this fact may keep me from ever making any real money, but it will be a real COLD DAY IN H%$$ before this guy lets this crooked gov get their slimy paws on this guys stash! Unless they want to pry it from my dead hands and they may very well indeed wish to do just that before it is all over, lol....
Edited by Silverhawk74
10/10/2011 1:06 pm
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Valued Member
 344 Posts |
I have plenty of physical GnS :P. I plan to get more too, I hate paper money. But for short term trading to maximize profits, paper trading has its merits and if it goes well I can use money gained to buy even more physical.
On a side note I found a place doing $4.40 a trade, they helped me set up an account and have been helping me learn the software.
But yes SilverHawk I am as much or more of a when SHTF advocate as you. It seems the day is inevitable. I just dont think that day is literally tomorrow where we are all living like MadMax. Soon? Probably. Tomorrow? Doubt it. Therefore I want to put the knowledge I have spent a lot of time learning in dealing physical and use it to hopefully gain even more profits by trading paper short term and stacking physical long term.
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Valued Member
344 Posts |
Also my friend don't forget to have lots of ammo, guns, tools, engineering knowledge, programming knowledge, farming know how and w/e else may come in handy. Cause IMHO at best USA and most of the world is headed for something that will dwarf the great depression of the 30s. Possibly much worse will happen. At best the "Great Depression" will become known as the "Mildly Cumbersome Depression" and the forthcoming one will be known as the "  SHTFOMFG GG Depression". As for the worst... MadMax could have been the disney version of what'll really happen. |
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Pillar of the Community
United States
3670 Posts |
I think the key to your plan that I support is "short term", as ever conspiracy theorist as well as myself have been setting out missing the boat, while life goes on as usual for us all, for the most part....
Good to know you also have much Pm's, which also makes me support the idea more so as well. Just be careful and Johnny on the spot so to speak when things start to move, as one or two days with ones heads in the clouds could be disastrous....
Edited by Silverhawk74
10/10/2011 8:24 pm
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Pillar of the Community
United States
4008 Posts |
Here is some free advice from a person who has been there and done that in the investing world. Do not, repeat, DO NOT, ever invest in something unless you know a lot about it. Investors tend to be a bit like fishermen... 10% of them make 90% of the money or catch 90% of the fish. Why, you say? Because they KNOW HOW! If this investing technique still holds your interest, I suggest reading everything you can on it for the next 6 months. If it still looks good to you at that point, then go ahead with it. At least then you will not be a filet mignon served up for the consumption of others. |
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Pillar of the Community
United States
5854 Posts |
As Ed_B had already said, make sure that you learn about the product before you decide to begin trading it. Futures unlike physical bullion is one area where you can lose more than 100% of your money.
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Valued Member
344 Posts |
Hehe ya Silverhawk thats the beauty of the new age. You can set up auto stop losses auto sells, auto buys, can make your stop losses move on a sliding scale along with the current spot and cap once the peak is hit. This way if you do need to go sleep, or go eat, or go to the bathroom, or go play with your coins :D, that you are still covered and your plan of action will still be intact.
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Pillar of the Community
United States
4008 Posts |
Quote:
You can set up auto stop losses auto sells, auto buys, can make your stop losses move on a sliding scale along with the current spot and cap once the peak is hit. So, once the computers have completely taken over market trading, will human emotion finally be wrung from the system? Probably not until the computers start programming themselves.  |
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Pillar of the Community
United States
548 Posts |
Remember that the commodities markets are set up so the producers and buyers of that commodity can hedge swings in prices.
Someone "gambling" on these commodities will lose their shirt...
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Replies: 9 / Views: 1,500 |
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Posted 10/10/2011 5:37 pm
