mathjak's daytrading adventures

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Kbg
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Re: mathjak's daytrading adventures

Post by Kbg » Sat Nov 09, 2019 4:18 pm

I'm asking about how he is doing these trades, thank you for asking!
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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sat Nov 09, 2019 4:48 pm

As most know here my what I will call my permanent investments ,have been following the models in the fidelity insight newsletters for more than 30 years ... but I am a tinkerer at heart and always enjoy my seat of the pants trading ...

I don’t really have a format or criteria other then I look for something beaten up and I will take a shot on a bounce even if it is a dead cat bounce for a couple of quick points ..

I tend to like gld ,Tlt , and oil uso for my trades

I have different amounts in these trades at different times so depending what is available so is the size of the investment .

I had bought gld and Tlt after some down days a few weeks ago for about the 10th time this year ...a little voice in my head said sell the day of the fed announcement .... so I sold , and next day it went up even more ...oh well I sold to early .....but then the selling started and within days they both were down thousands from where I sold .....when I thought it fell enough in dollars for the size of the investment I was going to make I bought in Tuesday , debated selling wed when I was up about 4K but decided to stay put ...Well Thursday and Friday saw more selling so I decided to add to both positions .

So I have 275k in each of gld ,Tlt with a max if we dip further of 300k in each ..... so if we fall I will average down up to 25k more ..... when I see 1 to 2% in profit I will capture it and sell ....if we dip farther then I am a pp user until it has its day in the sun again ....

I can’t really say many times what my return would have been because if I leave Tlt or gld it is to buy something else , so the gains don’t stop ...sometimes it is weeks and I am in cash instruments getting interest while waiting for the next investment...

So while I have been lucky and make money it is really more for fun than return , I just love the game ....

But because gold and long term treasuries can make a nifty portfolio if I am wrong I have no reservations about putting the same amount of dollars in as I would one of my actual portfolios.

Having just completed the sale of all our real estate I felt I had enough invested in markets and at this stage I didn’t want anymore in the models which already have multiple 7 figures ...so I figured at least with gold and Tlt they can fly fighter cover for the other stuff if we have one continual rate rise and I can’t get an exit point ..

Anyway that’s the story and I will let you know what I do when I do it ....the plan is if I see a 2% rise from here it all goes ....if we have another 1% drop I will add the remaining 25k
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Re: mathjak's daytrading adventures

Post by Kbg » Sat Nov 09, 2019 8:00 pm

Thanks!
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sun Nov 10, 2019 3:08 am

modeljc wrote:
Sat Nov 09, 2019 2:31 pm
mathjak107 wrote:
Sat Nov 09, 2019 2:16 pm
except i only have the 275k to put in since the real estate sale in sept as i mentioned above ... the trading varied between 210-225k . plus it generated a lot in interest too as these trades were short and then it was swept to the money market ...
so it was a great return overall .
remember too gold had an exceptional year too along with tlt ... sitting static with them the last 3 and 5 years was not so pretty ...
gld returned 4.14 over the last 3 years as an average and 4% over the last 5
tlt returned 3.83% over the 3 year and 5.00% the last 5
so my trading in tlt , gld and all the other stuff over the years was a lot better as well .

hey , it works for me , i don't expect others to do it .. if they wanted to be dirty lil market timers they would not be in the pp ... i am only explaining why i am a fair weather friend to the pp and it is my variable portfolio so to speak because Tlt and Gld seem to be more about timing the markets , blink and the gains can vanish in a day.....
Ever think about using TMF and UGLD? Can you restate when you buy and when you sell. Is it wait for 5% drop and then buy. Sell when you have a 1% plus trade.
i don't like the leveraged versions for what i do ..they can have unintended consequences if you need to hold these types of funds longer term because they moved against you . they may not track what they are supposed to well over longer periods of time
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Nov 11, 2019 10:04 am

adding more to gld and tlt today
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Re: mathjak's daytrading adventures

Post by Cortopassi » Mon Nov 11, 2019 11:12 am

Just as an averaging down strategy, less than 10% "dry" powder to average down seems pretty small?

If GLD is 137 and you've bought 2007 shares with 275k, and it drops to 135, and you average in 185 shares with 25k, you've only averaged down ~17 cents of that $2 drop.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Nov 11, 2019 11:23 am

Cortopassi wrote:
Mon Nov 11, 2019 11:12 am
Just as an averaging down strategy, less than 10% "dry" powder to average down seems pretty small?

If GLD is 137 and you've bought 2007 shares with 275k, and it drops to 135, and you average in 185 shares with 25k, you've only averaged down ~17 cents of that $2 drop.
at this point the amount i will add will just about have no effect . i did my averaging down last week , i started buying in the mid 138's last week .

so being there is a little money left i want to commit as long as we are not up i may as well finish
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Re: mathjak's daytrading adventures

Post by mathjak107 » Thu Nov 14, 2019 10:09 am

we hit a point i would sell TLT today , gold did not hit yet ..so I decided i am letting them run longer still keeping the pp intact .
Last edited by mathjak107 on Thu Nov 14, 2019 12:11 pm, edited 3 times in total.
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Re: mathjak's daytrading adventures

Post by Cortopassi » Thu Nov 14, 2019 11:52 am

I saw the drop, and now the bounceback....

it just seems so EASY sometimes.... we should all be able to do it. Good luck to you.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Thu Nov 14, 2019 12:09 pm

Things get in to this cycle where theY fix themselves to some event and then cycle with the news ..... you know the next favorable tweet saying good things about the trade deal will sell off Tlt and Gld again ...

Then the news is unfounded and the money pours back in ...this has been on going for a year now ... Tlt is up over 6k in a week since I completed buying
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Re: mathjak's daytrading adventures

Post by mathjak107 » Wed Nov 20, 2019 4:36 pm

Still holding ......
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Nov 25, 2019 3:14 pm

Sold Tlt today , up 11,200 ... watching for a dip. still have gld . it did not go up enough yet . i was going to sell it the other day when i was up nicely but i held in there for some reason and now it rolled back .

Bought some gbtc today after bitcoin plunged the last month
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