FOAGQ

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Kiwi
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FOAGQ

First!

Edited by admin on 11/08/2014 - 06:16
uptofreedom
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I'm in...  Second!

I'm in...  Second!

Pining 4 the Fjords
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Kiwi, you cheaternose!!!

Not only did you get a yellow hat back in the day, you also figured out a way to be "First!"  without actually being First!  Good to see you, my man!  Lets have some fun!

Kiwi
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That's "CheaterBeak" to you!

LOL!

Yep, all you guys were concentrating on the front page, I just skipped to the forums to do the first topic and the first entry in the first topic! So Ha!

On a serious note, I've been thinking about trading with GLD or SLV instead of AGQ, to reduce the "heartattack" factor with this choppy market. Any thoughts?

Rover
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w00t!

Hey FOAGQ!

Been lighter on the trading in the past month or so, but reporting for duty now!

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The world will never need silver again. Who'd a thunk it? - Rico, 12/28/11

HappyNow
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Kiwi I totally understand the

Kiwi I totally understand the heart attack factor.   It would make the overnight waits a lot easier to sleep on.

Question:

Will you get enough rise from GLD and SLV to make investment worthwhile?

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Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.

Kiwi
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GLD SLV instead of AGQ

@HappyNow

Yep, it's all about leverage..... I've been doing small trades in this market, and make/lose small amounts but it hardly seems worth it except as education on how to trade this up and down time....sure hoping for the QE3 updraft so I can make a few big bets.

Sockeye
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So what does FOAGQ stand

So what does FOAGQ stand for.  that is the name of the topic.

Why are you changing etf's.  what are the differences between them that you might want to change.

You guys jump to conclusions without explaining where you start from.  I dont know ETF's like you old hands.

do some not trade all night. 

all night trading sounds better than only day time trading.  or am I wrong here.

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xaritas
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FOAGQ

Friends of AGQ, which is a 2x silver ETF. It is supposed to move twice as much as the underlying spot price of silver. Only meant to be held for a single day, although it tends to outperform its 2x guarantee over time sometimes people like to hold onto it. It cuts both ways, people lost fortunes in AGQ back around 1 May.

AGQ is traded on the US markets so it's only available when stocks are trading. Futures and spot F/X are the only securities that can be traded 24 hours a day as far as I know.

Ranch
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I'm a bit of a newbie so

I'm a bit of a newbie so forgive me for a silly comment or two but....

I have owned SGOL and SIVR in the recent past (last month) currently waiting for the summer doldrums to be over. I had considered PSLV & PHYS for the idea that it was safer but didn't like the tax reporting aspect of owning this. I also considered ACQ but didn't invest for the same reason.  I mostly trade (about 75%) in my IRA but then I just thought (realized I guess) that none of those issues apply to IRAs...isn't that correct?  

Anyway, I found and have followed the TF Blog since about November 2010 and I'm truly an addict. I will enjoy this site even more I think.

Love this forum subject since ETFs are mostly what I own. For the record I do have about 10% of my holdings in physical the rest is in cash or when invested in ETFs.

Any advise would be appreciated!!!

Ranch

uptofreedom
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Correct.

Ranch wrote:

I have owned SGOL and SIVR in the recent past (last month) currently waiting for the summer doldrums to be over. I had considered PSLV & PHYS for the idea that it was safer but didn't like the tax reporting aspect of owning this. I also considered ACQ but didn't invest for the same reason.  I mostly trade (about 75%) in my IRA but then I just thought (realized I guess) that none of those issues apply to IRAs...isn't that correct?  

Correct.  Being in an IRA is why I "trade" AGQ. 

(I say "trade" because while I'm getting real good at buying AGQ, I need to get better with the selling part of the equation...)

Ranch
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ACQ

Haha...I know what you mean...the buying part is easy. The selling part is hard or rather knowing when to sell. It's the overnight and weekends that kill me. I guess that's why day trading is the preference for ACQ. Starting to make sense now.

Fat Man In The ...
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AGQ and ZSL

I've been dabbling in AGQ and ZSL over the past month or so.  Results not so good so far.  Always seem to make the wrong move at the wrong time. 

Is this the support group?  I think I need an intervention.

uptofreedom
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AGQ / TZA

Fat Man In The Bathtub wrote:

I've been dabbling in AGQ and ZSL over the past month or so.  Results not so good so far.  Always seem to make the wrong move at the wrong time.

I'm considering holding AGQ, trading TZA/reinvesting profits.  Fewer decisions involved... 

http://stockcharts.com/freecharts/perf.html?AGQ,TZA

Fat Man In The ...
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re: AGQ/TZA

uptofreedom wrote:

I'm considering holding AGQ, trading TZA/reinvesting profits.  Fewer decisions involved... 

Thanks for the tip.  Gonna do some research into that TZA thing.

CookieMonster
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TZA resets every day

TZA is best only held a few days at a time as it is "reset" every night. I know a bit more about how ZSL is reset using the London silver price, but it's not clear to me what causes TZA's slippage.

I will update as much as possible when I'm throwing TZA on. For example, today I bought it when I saw the financials were smacking up against resistance (check out FAS). This is a sign of a market top and TZA usually follows behind FAS. TZA is based on the small cap Russell index, but I usually use DOW as my indicator. S&P usually chugs a bit ahead of TZA in time. 

So for example, when I see the DOW is not breaking resistance just above 12108, I believe that was the last higher high, tomorrow, I will throw on some more TZA. On Friday I will remove it as I think we are due for yet one more bounce at that time.

But DYOD and it will be fun to report back in two weeks!

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uptofreedom
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me too.  Watching the Dow

me too.  Watching the Dow Industrials, trading TZA.  At this point it's almost a safe buy'n hold, too, imo.  A leveraged silver version of a Dow/Gold play...  add to either on weakness, sell on strength. 

I just started keeping the Dow Industrials overlay on my netdania charts.  Very interesting correlation since May 1...   Shows how much liquidity is driving everything atm...

raulv
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Catching in here too :)   I'm

Catching in here too :)

I'm giving all those ppl I think deserve hat tips from their blog participation :)

FOAGQ, here we go!! Hope tomorrow gets better than ever

hhesse
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AGQ

Outside of IRAs it is better to short ZSL than buy AGQ.  You get the 2x decay on your side and (if applicable) there are no margin interest costs. In fact shorting creates cash available to further "spend" without margin expense and you can get extremely over leveraged in a heartbeat.  Shares for shorting are more or less available depending on overall sentiment (a subject unto itself if anyone would like to compare data points) and sometimes you are forced to buy back in if the number of shares available for shorting declines at your brokerage. (you can switch to AGQ if you want then - always available) I have never been able to short GLL for any length of time.  I do have ZSL shorts that are 8-10 months old that I feel will never be subject to a forced buy-in.

Concern - its all just paper and needs to be converted to something tangible before ... ?

rayrock
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agq and taxs

Can someone explain what happens with the k-1 filing for this fund at the end of year. As I understand it, as a shareholder you are responsible for the pass thru of any profits/losses of the fund in addition to your own profit/loss from trading. Am I correct? Do you file your profit/losses on the 1099 and then the k-1 value  separate on your personal income side?   If you hold 100 shares for 2 months, how can you estimate any tax repercussions for this time period. If you traded 1100 shares in the month and held 100 over a few weeks,  are you on the hook for the 100 shares held or the 1000 traded? If any one with experience with this could post an example on this would be much appreciated. Thanks in advance

jaj64
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New to TZA..

Im new to TZA and was wondering what would be a better option for a buy and hold strategy during these unsure times? I would prefer to hold the hedge for a while instead of day trading TZA. Is TZA an OK longer term ETF or is the decay just too much?

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