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PPR - Thoughts on SLV

For those who perhaps missed the conversation a couple of weeks ago, The Portfolio Simulator Dude, which had originally entered a 25% position in the SLV, is using a 10% add-point to pyramid his position. Thus if he entered at 36.71, he is adding the same number of SLV shares when his initial position is up 10%. This is why the buy-stop was placed at 40.38 (36.71 + (.10 x 36.71) = 40.38. Although volume on the SLV is very strong for this time of the day, it is not required that volume be a certain level, as this is nothing more than a price-point pyramiding scheme, and a very simple one at that.

Investors often want to try and make successful investing a lot more complicated than it has to be. We find that the simplest methods, even when it comes to the "ponderous" process of pyramiding a position that is so far working for you, are often quite effective.

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