mathjak's daytrading adventures

[vnatale]

Which of his writings did he say that? I am not remembering that. Maybe I was too focused on him saying that if you "won the game" then you should stop taking the risk.

If You Can: How Millennials Can Get Rich Slowly

Thanks. Definitely read that one a few times. Just did not remember the part you cited.

[vnatale]

The reality is how do we know we won the game .?

It sounds good but the reality is anything can happen to us tomorrow ...

Heck I got dental implant infection last year that cost me 15k out of the blue ...we need to replace cars , help our kids or grand kids and that thing called life .then there are long term care issues or needing domestic help ..

If they did not waive all the co pays and deductible for covid , with two of us hospitalized it would have cost us thousands since it spanned 2020 and 2021 starting new deductibles .

I do the best I can and I keep things in a volatility range that I can live with in retirement but no way would I ever say I won the game

You think Bill Gates, Jeff Bezos, some others can say that they won the game?

[mathjak107]

The reality is how do we know we won the game .?

It sounds good but the reality is anything can happen to us tomorrow ...

Heck I got dental implant infection last year that cost me 15k out of the blue ...we need to replace cars , help our kids or grand kids and that thing called life .then there are long term care issues or needing domestic help ..

If they did not waive all the co pays and deductible for covid , with two of us hospitalized it would have cost us thousands since it spanned 2020 and 2021 starting new deductibles .

I do the best I can and I keep things in a volatility range that I can live with in retirement but no way would I ever say I won the game

You think Bill Gates, Jeff Bezos, some others can say that they won the game?

I can’t speak for them ...we all think anyone with a lot more than us won the game but we don’t know what is in their heads

[Cortopassi]

In case anyone think the Fed is actually going to let interest rates rise if they can help it:

[dualstow]

mj, I edited your post above, taking what I think is the new line that you wrote and putting it at the bottom, outside the quote tags. (Didn't add or delete any words).

Easier for me to do than for you on your ipad. Let me know if I did it wrong.

[mathjak107]

It is perfect

[buddtholomew]

Looks like the air has come out of the balloon and we are ready to inflate again.

[mathjak107]

If I was smart I would short Tlt ..it is almost a sure bet, every morning it is down . Early morning shows down again ....

[buddtholomew]

Down 1.6% pre-market to 139.50.
Buying at open.

[mathjak107]

I am just adding daily to get it back to the 600k I started with in it ...I have 600k in each and that is as high as I want ..but if an asset falls below I bring it back to 600 ...I have been adding to Tlt daily for weeks. Lol

[Cortopassi]

Down 1.6% pre-market to 139.50.
Buying at open.

I should have waited a couple days, but I still believe that it will reverse. There are too many articles and talk about yields rising, blah, blah. When I have listened to the crowd in the past I have almost 100% of the time been on the wrong side.

Regardless, this isn't a day trade for me. I would have been foolish to think I could get in at exactly a short term bottom.

[buddtholomew]

I am just adding daily to get it back to the 600k I started with in it ...I have 600k in each and that is as high as I want ..but if an asset falls below I bring it back to 600 ...I have been adding to Tlt daily for weeks. Lol

Sorry MJ, hope it pays off in the long run.
Trading in and out of TLT when it reaches extremes, especially pre-market.
Not holding longer than a day.

[mathjak107]

Like it or not I am in it for the long term now ....this portfolio kicked my ass and I will just have to wait it out however long it takes ....it was a poor choice in retrospect so far switching from what I was using for years ...I hope it improves .....

I am hoping when stocks stumble I will be posting , great move ....but so far it has been falling deeper and deeper in a hole daily

[buddtholomew]

Down 1.6% pre-market to 139.50.
Buying at open.

I should have waited a couple days, but I still believe that it will reverse. There are too many articles and talk about yields rising, blah, blah. When I have listened to the crowd in the past I have almost 100% of the time been on the wrong side.

Regardless, this isn't a day trade for me. I would have been foolish to think I could get in at exactly a short term bottom.

I feel the same way and have been selling stocks to buy ITT in retirement accounts. When you buy TLT at 92 and sell in the 160’s theres no rush to get back in ASAP. Legging in slowly.

[Cortopassi]

I feel the same way and have been selling stocks to buy ITT in retirement accounts. When you buy TLT at 92 and sell in the 160’s theres no rush to get back in ASAP. Legging in slowly.

Yes, that is a good point. My average cost over the years I have been buying is 118. So still up and have been getting the dividend, however small, for 7 years.

[dualstow]

Actually holding the pp instead of daytrading the assets. Oh, the ignominy...

[mathjak107]

I did better before. Lol


My core portfolios were never day traded ....the day trading was my variable ...


But like I said a core portfolio can swap funds over time ..it does need to sit with one fund or the same funds forever ..

So returns are just cumulative of 33 years of investing ...down is down and until that changes that is your balance whether one cares yet or not...saying one has to sit for years makes little sense to a long term investor ...no matter what you swap investments for it is all cumulative and a work in progress and you either have more or less .

All we do is hope values change over time for the better but until that happens all that counts is today ,that is your balance good or bad

[doodle]

I'd be surprised if stock market can take much more than 1.5 on the ten year...seems like there is gonna be a ceiling on rates...at least in short term. I play in five percent bands with stocks and treasuries. Ive cut stock exposure to a bit under 20% and have started buying in treasuries from where they were sitting at 18%. This morning was painful but will keep at it until I hit 25 percent if yields keep rising.

[Don]

I believe that 1.5% on the ten year is a major résistance level.

[buddtholomew]

In at 139.38.
Hopefully that’s it for now.

Out 140.20.
Stocks up, bonds recover; stocks down, bonds sell off.

Hahahah...who buys the bottom and then sells shortly thereafter?

[doodle]

In at 139.38.
Hopefully that’s it for now.

Out 140.20.
Stocks up, bonds recover; stocks down, bonds sell off.

You guys jump in and out over a half a percentage point? I'm over here thinking 20% moves...

[buddtholomew]

In at 139.38.
Hopefully that’s it for now.

Out 140.20.
Stocks up, bonds recover; stocks down, bonds sell off.

You guys jump in and out over a half a percentage point? I'm over here thinking 20% moves...

It’s all around the edges for me.
The AA is set; this is trading plain and simple.
AA - 35/15/0/50

[mathjak107]

I also think 1.50% on the ten and 2.25-2.50 on the 30 may take a breather

[Cortopassi]

This is why I don't day trade:

[dualstow]

I believe that 1.5% on the ten year is a major résistance level.

I also think 1.50% on the ten and 2.25-2.50 on the 30 may take a breather

Why?