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Re: mathjak's daytrading adventures

Posted: Mon Mar 23, 2020 12:55 pm
by amdda01
pmward onto something:

* IAU : +4.78%
* TLT : +3.81%

I know you're lickin' your chops, MJ.

Re: mathjak's daytrading adventures

Posted: Mon Mar 23, 2020 1:55 pm
by mathjak107
meh ... the fact equities are down so much takes the fun out of the little hits

Re: mathjak's daytrading adventures

Posted: Mon Mar 23, 2020 1:57 pm
by amdda01
Hear ya - Any predictions for tomorrow (3/24)?

Re: mathjak's daytrading adventures

Posted: Mon Mar 23, 2020 3:55 pm
by mathjak107
can't even guess ..we may get a bump up in stocks if congress plays nice but that will be short lived .

being at the epee center here in nyc i can tell you things are getting worse and worse ...i think markets may only be 2/3;'s to half way to a bottom .

our governor said we maybe locked down pretty much until as long as june

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 7:09 am
by mathjak107
bought 200 shares sdow at the close ... i figured 3 days of gains and a friday says we are ripe for a down day

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 8:02 am
by Cortopassi
Bad timing mj, didn't you get the news? We are already back in a bull market <sarc>

Image

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 8:36 am
by mathjak107
sdow sold .....up 10% since the close ...

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 8:40 am
by amdda01
Nailed it.

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 9:38 am
by mathjak107
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 .....

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 9:45 am
by dualstow
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.

Re: mathjak's daytrading adventures

Posted: Fri Mar 27, 2020 10:32 am
by mathjak107
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

Posted: Fri Mar 27, 2020 10:41 am
by pmward
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 .
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.

Re: mathjak's daytrading adventures

Posted: Sat Mar 28, 2020 4:37 pm
by mathjak107
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

Posted: Sat Mar 28, 2020 8:44 pm
by pmward
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?

Re: mathjak's daytrading adventures

Posted: Sun Mar 29, 2020 2:13 am
by mathjak107
pmward wrote:
Sat Mar 28, 2020 8:44 pm
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?
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 .

Re: mathjak's daytrading adventures

Posted: Tue Mar 31, 2020 12:07 pm
by mathjak107
bought some hyg... it is paying a crazy rate of interest for the risk

Re: mathjak's daytrading adventures

Posted: Tue Mar 31, 2020 12:11 pm
by Kriegsspiel
What does HYG do, sell fluffy sweaters and comfortable fireplaces?

Re: mathjak's daytrading adventures

Posted: Tue Mar 31, 2020 12:15 pm
by amdda01
Are you planning on holding - or quick turnaround?

Re: mathjak's daytrading adventures

Posted: Tue Mar 31, 2020 1:00 pm
by mathjak107
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

Re: mathjak's daytrading adventures

Posted: Tue Mar 31, 2020 1:02 pm
by mathjak107
Kriegsspiel wrote:
Tue Mar 31, 2020 12:11 pm
What does HYG do, sell fluffy sweaters and comfortable fireplaces?
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 likely

Re: mathjak's daytrading adventures

Posted: Tue Mar 31, 2020 1:11 pm
by mathjak107
Also bought Gld today 335 shares 149.35.. still have an open limit order on uso at 4.04

Re: mathjak's daytrading adventures

Posted: Wed Apr 01, 2020 8:53 am
by amdda01
Good timing on TLT - up 2.32% already.

Re: mathjak's daytrading adventures

Posted: Wed Apr 01, 2020 9:02 am
by mathjak107
i may decide to let it play out longer than a quick pop

Re: mathjak's daytrading adventures

Posted: Thu Apr 02, 2020 12:50 pm
by amdda01
Did you get in on USO?

Almost +16% today.

Also, Bitcoin almost +20% today!

Re: mathjak's daytrading adventures

Posted: Thu Apr 02, 2020 1:27 pm
by mathjak107
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