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Silver at 5% UP by codingdefined

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· @codingdefined ·
$2.21
Silver at 5% UP
My first buy in the ETF Strategy was Silver ETF and I have bought 3 Silver ETFs. In the last few days the Silver price has increased and because of that my one of the ETF has been up by almost 5%.

![Screenshot_20230824_221056_Drive.jpg](https://files.peakd.com/file/peakd-hive/codingdefined/Ep1chobY5YdDVsj6CLqDRK7C6MhNpjEety3Yjd9AeXANMR8de88AxoxBFWDMPaPTRFW.jpg)

So all the Silver ETF is above 4% whereas one of them is up by 5%. The strategy says I have to sell my ETF once it is up by 6%. So I have to wait for tomorrow or might be some days before I can sell these ETF for profit. Since my investment amount is small, the profit will also be less. But I intentionally kept my investment low so that I first test my strategy for 6 months to 1 year and if it is fruitful and gives good returns I will start with bigger investment.

As of today none of my ETF is in loss but even though if it is in loss it is not a problem because we know that it will be risen sooner or later. The strategy says thar I will buy more ETF if it goes done by 2.5% from the last buy price and so if it goes down I am happy to invest more and get the profit. 

While checking the Silver price of today it looks like the price is down by almost 1% so that means looks like there will be no profit booking atleast tomorrow. Might be I will see how it goes otherwise will start booking the profit little lower I.e. at 5% rather than waiting for 6% profit. But that change I will not do now, will work for some days before doing any change in the sheet or strategy.
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authorcodingdefined
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created2023-08-24 18:15:00
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