mathjak's daytrading adventures

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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Mar 13, 2020 3:03 pm

I started trading sgol because I don’t want to support hsbc bank who is the custodian for Gld .

I have no issues getting my trades s executed...my limit orders were hit about 10 minutes before the close .....both for sgol and Tlt .....I did not think it would hit but as trump spoke markets went up and Tlt and Gld down
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sat Mar 14, 2020 4:49 am

so with TLT down almost 8% for the week and gold down more than 9% for the week it looked like a good entry point ... lets see if i get an exit point this week for gold and tlt that aint a stop loss ha ha ha .

interesting that for the week both a total market fund and gold fell just about exact amounts and tlt was within 1% of doing the same .

i can't say there was much if any of a SLEEP factor last week between any of them . all had horrible drops


morningstar shows for the week ,

vti down 9.74

gld down 9.06

tlt down 7.69
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Re: mathjak's daytrading adventures

Post by amdda01 » Sat Mar 14, 2020 6:04 am

MJ,

How much did you drop for each?

And are you still looking for quick grabs (1-2% gains)?
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sat Mar 14, 2020 8:07 am

amdda01 wrote:
Sat Mar 14, 2020 6:04 am
MJ,

How much did you drop for each?

And are you still looking for quick grabs (1-2% gains)?
how much goes in varies based on a lot of things .

right now i did 50k in each ...if it pope 3% or so monday it's gone .... if we sink 5% more i will add 25K to each ..... i have had as much as 500k in each at times ...it all depends what is going on in the other portfolio ....

right now i dont want to much in total bond funds , corporate , high yield , etc so that portion has the majority sitting in cash ... it will get deployed wherever value is perceived .

i would not commit to much to the pp at this stage ....

i think first hint of a resolution the 8-9% drop we saw in gold and TLT last week will be small potatoes compared to the drop when the fear factor ebbs ...especially because i believe we will see a surge in to equities at these reduced prices so money will flow out in record amounts in my opinion .

so i would need this corona thing to shake out before i would do a few hundred thousand in each again .
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Re: mathjak's daytrading adventures

Post by pmward » Sat Mar 14, 2020 9:19 am

Either way, the volatility of gold and bonds (and stocks for that matter) is bound to be really high again this week as we don't just have the virus news to contend with, but the Fed meeting and announcement as well. All eyes will be watching what the Fed does and says, and the markets will dissect and over exaggerate everything they do and say. God forbid Powell puts his foot in his mouth yet again at this time... I really hope they just cut rates, officially announce QE4, and that Powell says nothing beyond "we will do whatever it takes" in the speech because anything less than that I fear would be perceived as hawkish and exaggerate the selling in all assets.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sat Mar 14, 2020 9:46 am

well one thing is certain next week ...I am either taking profits and out , or doubling down and waiting ……I just hope I don't get caught in a down draft for two long as I wait for a pop to get out …..we always have a flash in the pan at some point in gld and tlt . even if it is a day .
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Re: mathjak's daytrading adventures

Post by amdda01 » Mon Mar 16, 2020 8:36 am

"right now i did 50k in each ...if it pops 3% or so monday it's gone "

TLT up 4.30% - You out?
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Mar 16, 2020 9:22 am

no , i am holding that to offset my gold dip ... both are pretty much even since i bought friday ...

i added a little today to sgol to have it match tlt's balance
Last edited by mathjak107 on Mon Mar 16, 2020 9:23 am, edited 1 time in total.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Mar 16, 2020 9:22 am

i hate adding more with tlt up so much even though i would like to add to sgol . but no rush , lets see what happens. i like keeping them even but with tlt plunging in a heart beat i don't want to pick a big up day .

of course my instinct is sell tlt and lock in the profit and just keep gold .
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Re: mathjak's daytrading adventures

Post by amdda01 » Mon Mar 16, 2020 12:45 pm

TLT +6.25%

Tempting enough?
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Mar 16, 2020 1:03 pm

omg , to funny . i just sold it ..... i couldnt resist a gain like that from just friday at the close.
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Re: mathjak's daytrading adventures

Post by amdda01 » Mon Mar 16, 2020 1:06 pm

Knew it.

Sittin' tight w/ gold?
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