6D·

Silver Long

In keeping with the occasion, yesterday I treated myself to a Silver Long 3x Since the price has already risen by 4% over the counter, I am very confident for Monday.

27.02

WisdomTree Silver 3x Daily Leveraged

Bought at €356.44

7 Comments

Mi11@Migu11

Isn't that a classic long?

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Eliasmrll@Eliasmrll

@Migu11 The Silver 3x Daily Leveraged is indeed a long product.

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Mi11@Migu11

@Eliasmrll Yes, but the 3x Daily makes it very different. A completely different product for me...

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Eliasmrll@Eliasmrll

@Migu11 Let's get straight to the point: what do you think makes a "classic" long product?

That it has no leverage? That you can leave it for 10 years?

In the stock market, long simply defines the positioning in relation to the market; I am betting on rising prices. We both know that a 3x Daily is a trading instrument and not a bond certificate because of its path dependency. But at the end of the day, it is and remains a long certificate. Just because the holding period for leveraged products is usually shorter doesn't change the direction of the bet.

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Mi11@Migu11

@Eliasmrll yo, all good... perfectly explained!

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MTG@MTG

@Eliasmrll Where can I buy on Saturdays? And where can I see the silver price over the counter? At least not on Trading View.

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Eliasmrll@Eliasmrll

@MTG I bought on Friday.

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