I lost around $8000 through commodities.

vok

13 years ago

Investing involves risk. Is it physical silver, or a ETF etc?

Thanks

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Mega B

13 years ago

The golden rule when trading but many people dont use it is the all important 'stoploss' its vital that when you put on any trade it makes no odds if you go long or short is straight away after placing the trade is put the 'stoploss' in place.

This will help preserve your trading pot and also one of the other big things traders do is have to much exposure percentage wise i only have a maximum of just 3% of my pot size in any one trade and only a maximum 15% of the trading pot invested at any one time,this with the stoplosses that i use i all ways live to fight another trading day and stay in the game.

Sorry to hear about your hit but the art is learn from it and move on.

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vok

13 years ago

Originally Posted by Mega B

The golden rule when trading but many people dont use it is the all important 'stoploss' its vital that when you put on any trade it makes no odds if you go long or short is straight away after placing the trade is put the 'stoploss' in place.

This will help preserve your trading pot and also one of the other big things traders do is have to much exposure percentage wise i only have a maximum of just 3% of my pot size in any one trade and only a maximum 15% of the trading pot invested at any one time,this with the stoplosses that i use i all ways live to fight another trading day and stay in the game.

Sorry to hear about your hit but the art is learn from it and move on.

You can't put a stop loss on buying physical silver

Like you can't put a stop loss on your house losing value.

Thanks

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George Chernikov 13 years ago

My sole suggestion: don't bother buying e-books, trading robots, or anything trading-related published on the Internet by anyone other than credible experts in the field. (Hint: a lot of people who are willing to discuss trading theories openly, do so for free).

A special word of caution of robots - if there was one capable of making even a consistent 10% a month, no one in their right mind would sell it, when they could use it to rake in millions a year.
- [ 2 ] Thanks
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rajathss

13 years ago

Originally Posted by Mega B

The golden rule when trading but many people dont use it is the all important 'stoploss' its vital that when you put on any trade it makes no odds if you go long or short is straight away after placing the trade is put the 'stoploss' in place.

This will help preserve your trading pot and also one of the other big things traders do is have to much exposure percentage wise i only have a maximum of just 3% of my pot size in any one trade and only a maximum 15% of the trading pot invested at any one time,this with the stoplosses that i use i all ways live to fight another trading day and stay in the game.

Sorry to hear about your hit but the art is learn from it and move on.

Ya i understand...but that time i was so confused,still i can't understand the market.Oh yesterday 2000 points raised and still rising..What a sudden change!!..but ok yesterday i earned $350 through silver mini.Still trying to earn.

Thanks

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MikeTucker

13 years ago

My first "real and honest suggestion" would be that even though $8,000 is not a lot of money these days, find out exactly how much you lost, not "around" how much you lost.

My next real and honest suggestion would be to ask yourself why you are ready to subscribe to a project that you lost a chunk of change on.

And my final piece of real and honest advice would be to seek out and learn from a professional with a strong track record before playing in the stock markets.

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Heidi White

13 years ago

Originally Posted by MikeTucker

My first "real and honest suggestion" would be that even though $8,000 is not a lot of money these days, find out exactly how much you lost, not "around" how much you lost.

My next real and honest suggestion would be to ask yourself why you are ready to subscribe to a project that you lost a chunk of change on.

And my final piece of real and honest advice would be to seek out and learn from a professional with a strong track record before playing in the stock markets.

I think Mike's comment is dead on... only I'll take it one step further. 'Playing' the stock (or commodities) market is kinda like gambling - so, maybe you should take a breather from these high risks activities for a while. I'm just sayin. Sorry for your unfortunate loss.

Thanks

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rickstooker

13 years ago

Originally Posted by rajathss

i want clear tips for buying and selling.

When we send you the billion dollars, do you want it wrapped in gold paper, with a nice bow on top?

Life has just given you a lesson you paid $8,000 for, and you're not listening.

How much money will you have to lose before you realize you're a sheep playing a game with wolves?

Seriously, if somebody knew when to buy and sell - why should they tell you on a public forum? Why should they tell you at all? They're busy making their own fortune.

Who do you think is blessed with the knowledge of the future? Who do you think owns a fully accurate crystal ball?

How do you think anybody is poor, if you think the information to beat the commodities markets is so easy to come by?

Every time you place an order there's somebody on the other side. And judging by this one post of yours, that other person is probably a lot more informed than you are.

Unless you have some indepth -- and little-known -- fundamental knowledge of the commodity you're buying or selling, you have no edge over the competition -- which means you're gambling. Sometimes you can win, but your losers will eventually outweigh your winners.

Same goes for forex, stock day trading and all such ways that sharp operators take the money of naive babies such as you (and me, in the past). Commodities are more dangerous than the others because you can lose more money than you put into the game. At least learn enough to use commodities options contracts so you're not at risk of overnight bankruptcy.

You're on an Internet marketing forum, not a trading forum. Learn how to make money by adding value to people online, and you can get rich legitimately, by helping people.

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rajathss

13 years ago

Originally Posted by rickstooker

When we send you the billion dollars, do you want it wrapped in gold paper, with a nice bow on top?

Life has just given you a lesson you paid $8,000 for, and you're not listening.

How much money will you have to lose before you realize you're a sheep playing a game with wolves?

Seriously, if somebody knew when to buy and sell - why should they tell you on a public forum? Why should they tell you at all? They're busy making their own fortune.

Who do you think is blessed with the knowledge of the future? Who do you think owns a fully accurate crystal ball?

How do you think anybody is poor, if you think the information to beat the commodities markets is so easy to come by?

Every time you place an order there's somebody on the other side. And judging by this one post of yours, that other person is probably a lot more informed than you are.

Unless you have some indepth -- and little-known -- fundamental knowledge of the commodity you're buying or selling, you have no edge over the competition -- which means you're gambling. Sometimes you can win, but your losers will eventually outweigh your winners.

Same goes for forex, stock day trading and all such ways that sharp operators take the money of naive babies such as you (and me, in the past). Commodities are more dangerous than the others because you can lose more money than you put into the game. At least learn enough to use commodities options contracts so you're not at risk of overnight bankruptcy.

You're on an Internet marketing forum, not a trading forum. Learn how to make money by adding value to people online, and you can get rich legitimately, by helping people.

Oh this is great tip thank you sir.

Thanks

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cryst

13 years ago

see in business i also had a loss but the mistakes also happened from my side .....and in business in the earlier it happens but with that i learned a lot ....

[ 1 ] Thanks

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Mega B

13 years ago

Ah,that is true but you also did not say in what form you bought the silver so hence that is why i replied like i did,and yes you are correct about house values but since i bought my house in 1982 and has since long been payed for,it has risen price wise at the current rate of 15 fold albeit down from its height of 20 fold a few years down.Once again the art with property i guess is timing on the entry and exit point.

Anyway once again sorry to hear about your bad news.

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rajathss

13 years ago

Originally Posted by Mega B

Ah,that is true but you also did not say in what form you bought the silver so hence that is why i replied like i did,and yes you are correct about house values but since i bought my house in 1982 and has since long been payed for,it has risen price wise at the current rate of 15 fold albeit down from its height of 20 fold a few years down.Once again the art with property i guess is timing on the entry and exit point.

Anyway once again sorry to hear about your bad news.

ya it's OK friend...But now silver mini cross 58,000 !!!now i just bought 1 lot and waiting for 58,900...

Thanks

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Karthik Reddy

13 years ago

Dude rajath, listen to rickstooker.

[ 1 ] Thanks

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focused

13 years ago

You might think about using options to limit your exposure to loss,
while still leaving the upside wide open.

Thanks
2 replies

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George Chernikov 13 years ago

Originally Posted by beep beep

You might think about using options to limit your exposure to loss,
while still leaving the upside wide open.

Nah, he just needs to steer clear of trading until he's consistently profitable on demo
- Thanks
- 2 replies
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- fluffythewondercat 13 years ago
  
  I know very little about commodities trading.
  
  I do have a friend, however, who ruined his life doing it because he refused to realize there is no difference between trading and gambling.
  
  For many years he was reduced to living in a unheated storage unit, even though he had a full-time job, because every spare penny went to feeding his gambling/trading addiction. Then he withdrew all his retirement funds (401k, IRAs) and blew through that in a few weeks. Then he talked his father into giving him $25,000 for a country club membership but the money went straight into trading (and into someone else's pocket).
  
  You see, my friend was utterly convinced he could win at this, he just hadn't found the right "system" yet. And he was a sucker for every $1,000 trading system that came along. Every time he started up again he'd make money for a week or so, then lose. And lose. And lose.
  
  Last I heard he was trying to strong-arm his father into giving him his inheritance early. It was only a matter of time before he came after his friends, so we broke off contact. But there are only a couple of ways to raise large amounts of money in a hurry and they're all illegal, so I imagine it didn't end well for him.
  
  I think about him every time I see a MMO "system."
  
  fLufF
  --
  
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- focused 13 years ago
  
  You're right on target, George.
  
  Another whole range of strategies that might beneficially be examined
  are seasonal factors. There are many documented instances of
  seasonals with a 80% or even 90%+ rate of occurrence.
  Why not trade off of some of those?
  
  Originally Posted by George Chernikov
  
  Nah, he just needs to steer clear of trading until he's consistently profitable on demo
  
  Thanks
  
  1 reply
  
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  rts2271 13 years ago
  
  I almost got bit for about 2k myself. Luckily I had turned almost 5k in silver oz bars into 3 oz bars of gold and a few gram slivers. I had roughly 20 silver Hereaus bars that I dedicided to hold onto when the market started diving. I also put a little into palladium. I still have the silver bars though and they've rebounded from my purchase price.
  
  My buddy years ago taught me to be aggressive with contracts and passive with bouillon. It saved me a ton
  
  Thanks
  
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HenryDicks 13 years ago

I want real and honest suggestion my friend

Lolwut, nobody here knows what you're actually trying to accomplish.

Are you speculating or investing?

What approach or school are you following and why?

What's your budget, or put differently, what kind of budget are you using for what purpose? Mad money to gamble? Unessential money to fund your lifestyle or a new project? Or essential money for retirement and/or security?

Without that you'll get a few calender sheet wisdoms but nothing that'll help you long-term, except for "whatever you're doing, gtfo" maybe.
- Thanks
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Michael Ten

13 years ago

Ouch, try to learn lessons fast.

Best wishes to you.

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efwebm

13 years ago

Yeah, I probably lost about $1000, but it came out of profits that I already made because I bought in awhile ago.

Anytime you try to make money for doing nothing, you are taking a risk.

On that note, I think the price will come back. Gold continues to do well, and the silver to gold price is still historically low.

[ 1 ] Thanks

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Cee

13 years ago

The best thing to do is to thoroughly educate yourself about commodities trading. There are lots of online forums, financial websites, books that will teach all you need to know about trading. I was trading penny stocks for a few years because it's a small investment. I made a few thousand and it's less nerve racking than the big expensive commodities. And it teaches you about trading at a smaller scale until you can work up to the bigger trades.

At any rate the best advice I can give is never trade on the market until you have a thorough understanding of what you're doing, and even then you can't be sure what the markets will do. Just look at what happened 9/11 no one predicted that one. Never trade more than you can afford to lose and stay away from buying on margin. Good luck and please take some of the advice on this forum.

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marcromero

13 years ago

I know how you feel. I lost about 7000 in about 2 minutes trading forex. My suggestion would be to find a good mentor and do what he/she does

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2 replies

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Sobycreations 13 years ago

From my experience, i can suggest you not to buy crap e-books which tells about making money. Before dealing with some one, always check his reputation and if possible try to google.

Remember, google is one's best friend on the internet.
- Thanks
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DWolfe 13 years ago

I would suggest you spend some time reading and learning more about Silver and Investing in Commodities. Here are two recommendations. One look up Mike Maloney and subscribe to his free newsletter on GoldSilver.com (not using affilate link)

Also go to a Bookstore or Amazon and look up "Investing in Resources. Investing" by Adrian Day and read it. Investing in commodites takes time to learn. Just throwing money at something without a basic understanding, expecting high returns is risky! You have lost already and you could of prevented it.
- [ 1 ] Thanks
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TrueStory

13 years ago

Have you considered researching managed futures?

An Introduction To Managed Futures

Thanks

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TeamGlobal

13 years ago

Originally Posted by rajathss

I want real and honest suggestion my friend

Without knowing the trading strategy or strategies you are using it would be difficult to assess whether or not an $8,000 loss in equity is normal for the strategy. For example, if your strategy has a $50,000 maximum drawdown then, in reality, an $8,000 drop in equity would not be a great cause for concern.

First, stop trading until you learn what you are doing

Second, erase any thoughts of trading until you "break even"

Third, while this forum is filled with extremely knowledgeable people and does have a number of saavy traders, its specialty is not trading. Finding a website that specializes in futures trading will most likely give you information more suited to your specific needs.

All The Very Best,

Tony

[ 1 ] Thanks

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focused

13 years ago

Someone can also trade one of the mini-contracts to test the waters with actual trading after you've latched onto a method/strategy you want to execute.

Thanks
1 reply

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tmjoe 13 years ago

How long have you been trading commodities, may I ask?
- Thanks
- 2 replies
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- thedog 13 years ago
  
  When you say you lost $8,000, do you mean your stock is down $8,000 or have you sold at a loss?
  
  I think silver is a pretty good long term investment, of course, it comes with a risk, but that's investing.
  
  It's been steadly rising for the past few years. Some say it has peaked, while others say it is hugely under valued.
  
  I think the interesting thing about silver is, there is only a finite amount of it, like every precious metal, but, unlike gold for instance, it has many industrial and comercial uses... and it's reached a point where the above ground mined silver is actually less than gold.
  
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- rajathss 13 years ago
  
  Originally Posted by tmjoe
  
  How long have you been trading commodities, may I ask?
  
  From Past 8 months...
  
  Thanks
  
  1 reply
  
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  tmjoe 13 years ago
  
  I asked that because I have been trading commodities for 5 years before decided to quit from it completely. I have earned nice profit enough to buy me two Harleys, and also lost even more than that.
  
  Commodities have no intrinsic value, they do not produce cash flow, they are worth whatever someone is willing to pay for them. And there are many entities out there who are able to move the prices to their whims. Not discouraging you, but just sharing my exp. In the world of online trading, I prefer Forex and been doing good for the past 11 years.
  
  Keep a VERY tight money management. It is also good to keep track of the profit or loss on each trade. I like to printscreen chart of each trade that shows where I entered and exited. Over time, you will begin to see patterns of how the markets work and how you can improve your trading strategies.
  
  [ 1 ] Thanks
  
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webmaster1742

13 years ago

Originally Posted by rajathss

It happens 5 weeks back through silver. Be careful guys.!!!!And i am ready to subscribe the project but i want clear tips for buying and selling.Hope you all understand.Please don't write spam replay for this post.I want real and honest suggestion my friend

in order to profit from Stock trading you need proven to be profitable tools and system. Without a system don't even try..

Thanks
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chris3333 13 years ago

I was once a commodity broker and still a trader. Almost every retail investor will eventually lose their startup capital...that is until they learn the game and can become the very small percent that become successful. The issue is leverage and managing its risk. This takes time, education and a lot of funds to boot. There are many things to learn but the first and most important one is all about risk management.
- Thanks
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JennyPellicer

Banned 13 years ago

That's pretty sad.

Investments do involve risks, that's the story...

Thanks

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JennyPellicer

Banned 13 years ago

That's pretty sad.

Investments do involve risks, that's the story...

Thanks

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I lost around $8000 through commodities.

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