mathjak's daytrading adventures
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Re: mathjak's daytrading adventures
Nailed it.
- mathjak107
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Re: mathjak's daytrading adventures
just a lucky guess ... i mean 4 days of up in stocks was really betting against the house ... fridays too tend to see traders unload more often than not.
the odds said we were due for a drop .....
the odds said we were due for a drop .....
- dualstow
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Re: mathjak's daytrading adventures
Yeah Fridays often involve profit-taking, but especially when the market is on shaky ground.
I don't short and I wasn't as confident as you, but I thought, my dollar cost averaging will work a little bit better tomorrow.
I don't short and I wasn't as confident as you, but I thought, my dollar cost averaging will work a little bit better tomorrow.
- mathjak107
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Re: mathjak's daytrading adventures
mondays too can be awful , but sdow is a 3x inverse fund .. it can do damage quickly ..... it was the first time i ever bought it .... i kind of wish i lost a bit so i would be less inclined to do it again .
Re: mathjak's daytrading adventures
Yeah I've been burned by 3x ETF's in the past as well. One of my rules that came from that is to never hold one overnight. Overnight gap risk is too much, especially in volatile markets like this. Intraday trades only for me on levered ETF's.mathjak107 wrote: ↑Fri Mar 27, 2020 10:32 am mondays too can be awful , but sdow is a 3x inverse fund .. it can do damage quickly ..... it was the first time i ever bought it .... i kind of wish i lost a bit so i would be less inclined to do it again .
- mathjak107
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Re: mathjak's daytrading adventures
High yield is starting to look very attractive....the market is pricing like every company is going to default ....we saw this a few years ago when oil was on the rocks ......high yield soared ..... I will be taking a decent size position this week in Fidelity Sphix ...I want only managed when it comes to high yield
Re: mathjak's daytrading adventures
That's a ballsy move, as a mass default and corporate deleveraging is a real possible outcome of this. How are you sizing it? Is it a small percentage moonshot or are you putting decent size behind it?
- mathjak107
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Re: mathjak's daytrading adventures
prices reflect a huge amount of defaults already .likely far far more then actually will pan out . they lost as much or more than stocks did.
last time oil fell in 2016 the high yield market sold off like now .... for the year my fidelity high yield fund was up 19% while equities were up less ...
it is a crazy market and sell offs tend to be way over done . interest rates are in the 6% range so it has quite a cushion for a bit more down .
- mathjak107
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Re: mathjak's daytrading adventures
bought some hyg... it is paying a crazy rate of interest for the risk
- Kriegsspiel
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Re: mathjak's daytrading adventures
What does HYG do, sell fluffy sweaters and comfortable fireplaces?
You there, Ephialtes. May you live forever.
Re: mathjak's daytrading adventures
Are you planning on holding - or quick turnaround?
- mathjak107
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Re: mathjak's daytrading adventures
I will see ... at these interest levels on it in a zero world I have quite a cushion ....I am going to shift a major bond position of my portfolio over to fidelity high income maybe Thursday or Friday and I may just put this towards that position
Last edited by mathjak107 on Tue Mar 31, 2020 1:03 pm, edited 1 time in total.
- mathjak107
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Re: mathjak's daytrading adventures
They are high yield bonds which are way over sold in my opinion and interest rates on them are very attractive ....the market priced them like equities and they saw the same drop...as usual the markets over react most likelyKriegsspiel wrote: ↑Tue Mar 31, 2020 12:11 pm What does HYG do, sell fluffy sweaters and comfortable fireplaces?
Last edited by mathjak107 on Tue Mar 31, 2020 1:17 pm, edited 1 time in total.
- mathjak107
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Re: mathjak's daytrading adventures
Also bought Gld today 335 shares 149.35.. still have an open limit order on uso at 4.04
Re: mathjak's daytrading adventures
Good timing on TLT - up 2.32% already.
- mathjak107
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Re: mathjak's daytrading adventures
i may decide to let it play out longer than a quick pop
Re: mathjak's daytrading adventures
Did you get in on USO?
Almost +16% today.
Also, Bitcoin almost +20% today!
Almost +16% today.
Also, Bitcoin almost +20% today!
- mathjak107
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Re: mathjak's daytrading adventures
Oil had a good pop ..I missed getting it by 5 cents the other day ..I had an order at 3.99 and it hit 4.04
Re: mathjak's daytrading adventures
mathjak, I know you are a big stock guy and am curious what your allocation is after this drop. I thought you said somewhere (maybe earlier on this thread) that you were somewhere around 25%. Is that about right? Thanks.
- mathjak107
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Re: mathjak's daytrading adventures
Yes .....
Over all I am about 25% equities...
Very high cash levels though .... I sold a lot of my total bond and corporate bond holdings to be deployed elsewhere..eventually I will work up to 40% or so in equities ... I was actually lower than 25% since the drop but I have been adding on the drops so I am back to 25%
- mathjak107
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Re: mathjak's daytrading adventures
bought today
4/06/2020
Buy 1,000 of USO at Market (Day) Filled at $5.47
04/06/2020
Buy 200 Shares of SDOW at Market (Day) Filled at $40.6801
4/06/2020
Buy 1,000 of USO at Market (Day) Filled at $5.47
04/06/2020
Buy 200 Shares of SDOW at Market (Day) Filled at $40.6801
- mathjak107
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Re: mathjak's daytrading adventures
Futures down 85 ....come on sdow ......
Re: mathjak's daytrading adventures
You're short, and I took 5% off the table into cash today... so this means the market is likely to blow up in both of our faces tomorrow, LOL.
- mathjak107
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Re: mathjak's daytrading adventures
That would be typical.....but so far futures down at least now and oil up ....I don’t hold these very long at all ......especially sdow that was down something like 22% today .....
Right now my one day a week of work is on hold so if I make a days pay I am happy
Right now my one day a week of work is on hold so if I make a days pay I am happy
Re: mathjak's daytrading adventures
what kind of gain are you holding for these udow and uso?mathjak107 wrote: ↑Mon Apr 06, 2020 6:28 pm That would be typical.....but so far futures down at least now and oil up ....I don’t hold these very long at all ......especially sdow that was down something like 22% today .....
Right now my one day a week of work is on hold so if I make a days pay I am happy
how has your results been with uso?