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%.
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.