1time cash to burn : ideas on buy timing strategy?

[XC SkaterMember]

I’m a silver guy. Although now unemployed, I have a unique chance to double my stack due to a one-time cash inflow. I will most likely be pretty much broke for years to come.
I spent ~15-20% of my stacking budget yesterday just around the dip, ~$31.30.

Seem to have found the cheapest seller in the EU, who carges just 11-12% over spot for Maple tubes, kilo coins, 1o ounce, etc. Typical is 14% or more. I do not expect this source to last.

My current plan is to got for the limited range the seller offers, and just stock up once and for all. I’d prefer affordable semi-numi’s, but those seem rare now in Europe. I got a bunch of Polar Bears just above Maple Leaf pricing (under Antelopes) around xmas, that seems to have been a good buy. I realize you can buy a huge amount off one semi-numi and expect to later sell it all at a good premium. Need to spread things a bit. But, keep an eye on what you pay per ounce, as the day may come that no-one cares about numi value and just puts your silver on a scale and purity scanner to come to a buy price.

Now that I have cash to burn, and liekly never ever will again, I am nervous. Buy what I can ASAP, or wait what the market does? I am not expecting to see $26 back ever again, especially not with the weakening USD and with premiums creeping up it may not be such a good deal anyway.
Does any one of you hedge your physical holdings? I’ve seen vloggers mention this, but I don’t understand it too well. I do day trade, but not options.
I already hold some junk, how much % junk should a silver-only stack hold?. I don’t like gold when there’s silver.

The past year I’ve been grateful to time my buys right on dips, really within 1-2% usually. In retrospect, I timed it all so well, I should have done some leveraged paper longs on the side. Any random exit moment would have netted me hugely, as logical in a market of rising lows. Do any of you ever do this, combine physical buys with paper longs? As the mental trigger with physical buys is much different, they seem to hit lows much better, or was I just lucky?

Before my cash came in, I was afraid to be looking at $35-40 silver. So, very grateful to have bought recently under $30, and now at $31. Do you see new dips on the horizon, will those strong shorts manage anything? Peopel advise to buy gradually as cash becomes available, but I have all the cash of my poor life NOW!

Thanks for any insights!
XC

[longagauMember]

After reading silverdoctors daily and listening to David Morgan and Eric Sprott and all of Chris Duane’s videos, I thought I had learned a bit about the swings of the silver market.  I’ve done a couple of swing in and out trades using HZU (Toronto Stock Exchange) which is an ETF-type thing that tries to give twice the daily percentage gain in COMEX silver price.  So, if the COMEX goes up 2% in the day, HZU should go up 4%.  It doesn’t work out great in the long run, because there are administration and other costs that eat away at the stock in the long run (and no, you can’t short it or the double down version, HZD), but if you want to gamble, that is one way to do it.  I lucked out when I did it both times and bought at the low of a dip and sold right after the correction back up.  This is totally gambling and you have to be prepared to lose significantly.

[XC SkaterMember]

I’ve built some experience in day trading, higher leverages.
My main concern now is my physical buying. I need to buy, not gamble and hope to buy more after, that’s just stupid. I might do the game with a limited amount, in case I get lucky or real smart.

Hedging with options would be great if I could confidently pull that off.

Buy all the physical I can now, or wait for dips?

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