Page 2 of 48

Re: mathjak's daytrading adventures

Posted: Wed Dec 04, 2019 12:27 pm
by mathjak107
Gold miners are stocks first and a play on gold second..2008 saw them plunge while gold went up .... it is subject to strikes , shortages , politics , management and earnings ..they are nothing like gold ...you can wait forever for an individual company to come back even with gold rising.. the gold miner graveyard is filled with failed companies.

I never average down in individual companies...if I am wrong I am out. But my serious investing is only funds

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 5:12 am
by mathjak107
i likely may run with slv today but i will say this about silver , it is not the same as gold when it comes to holding it .

silver is an industrial metal first and foremost . it does not offer the same protection as gold does in my opinion . 2008 saw silver plunge while gold went up .

so yeah , i will treat slv like i do any other stock speculation since i don't want to hold it like i would gold. if i guessed wrong . that means not a big position and a quick sell on a point or 2 rise . with very little leeway allowed on a fall . only a point or two if i am wrong and i'm out of it

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 7:50 am
by dualstow
You’re not exactly going out on a limb with that opinion. It’s the reason Harry dropped silver from his older permanent portfolio, and the common consensus here.

Let us know if you buy it!

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 8:01 am
by mathjak107
i classify silver with mining shares .. very speculative and nothing i would bet the ranch on or hold long term . do you know i bought silver bars back in 1987 from republic bank when they sold them ... silver was 9.37 when i bought ... i sold around 10 and was glad as here we are decades later and it did not even double ...in the mean time a hypothetical 100k in the fidelity insight newsletter growth model i used for decades is worth 3.4 million today . the silver would not even have seen 200k

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 8:21 am
by dualstow
I guess reading about the Hunt brothers cured me of betting on silver. I only buy coins to give away to nieces and nephews, and occasionally with Christmas tips.

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 11:10 am
by Cortopassi
Along with the other assets of the PP, holding something reasonably volatile is useful, so yearly or at limits you have a chance to rebalance.

I hold silver for that reason (5%). Also for the fact it is "real" as a safeguard.

I think for the past 20 years, looking at a chart, there were likely multiple opportunities to sell and lock in profit on silver vs. buying all at point "a" and selling at point "b"

Sure, you can compare with your hypothetical holding, but would that holding have made it successfully through 2000/2001 and 2008 (not likely for me) and what is sure to come again?

Image

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 11:51 am
by dualstow
But is it real if you're just holding SLV?

That's probably how I would buy it if I wanted to buy a significant amount for short-term trades.

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 12:10 pm
by mathjak107
Cortopassi wrote:
Thu Dec 05, 2019 11:10 am
Along with the other assets of the PP, holding something reasonably volatile is useful, so yearly or at limits you have a chance to rebalance.

I hold silver for that reason (5%). Also for the fact it is "real" as a safeguard.

I think for the past 20 years, looking at a chart, there were likely multiple opportunities to sell and lock in profit on silver vs. buying all at point "a" and selling at point "b"

Sure, you can compare with your hypothetical holding, but would that holding have made it successfully through 2000/2001 and 2008 (not likely for me) and what is sure to come again?

Image

there are always opportunities to lock in profits with volatile investments ... that is exactly why i turn TLT and gld in to trading vehicles ... 80% of the time they are locked in a range and go up and down . the more ups and downs you can harvest the greater the profits ... since the other day when i sold TLT AND it went up a bit after i sold to where it was this morning was about a 12 or 14k difference in my portfolio from high to low in just 3 days

Re: mathjak's daytrading adventures

Posted: Thu Dec 05, 2019 1:29 pm
by mathjak107
I just entered limit orders on gbtc ,slv and Ge ....we will see if any hit my price

Edit ..looks like none will hit as we enter the last half hour

Re: mathjak's daytrading adventures

Posted: Mon Dec 09, 2019 12:03 pm
by mathjak107
just bought 600 shares us natural gas fund UNG ... it got pounded today down almost 7% and down more than 50% for the year ...

so it seems like a pick that may have been over sold . paid 16.92

Re: mathjak's daytrading adventures

Posted: Mon Dec 09, 2019 2:33 pm
by mathjak107
Sold ung 2-1/2 hours later , 200 dollars richer for a mouse click ...

Bought 1000 shares gbtc bitcoin at 8.78

Re: mathjak's daytrading adventures

Posted: Mon Dec 09, 2019 3:32 pm
by Cortopassi
Ahh, UNG. Yet another ETF I lost money on years ago.

I know this is the variable portfolio section and specifically called daytrading, but man, it is so antithetical to the whole PP concept!

Re: mathjak's daytrading adventuresVe

Posted: Mon Dec 09, 2019 3:43 pm
by mathjak107
Well it definitely ain’t passive investing.

But except for the components of the pp like gold and treasuries the dollars traded are held to a very small percentage ....

I have no reservations keeping 500k in each of those components in the pp ....if I don’t get an exit point to take a quick 2 percent profit I don’t mind holding them . The pp is a fine portfolio these days .

But I tend to generate a lot more by doing these quick hits in gold and Tlt while the gain is there before it evaporates ...there always seems to be this pattern

Re: mathjak's daytrading adventures

Posted: Mon Dec 09, 2019 3:47 pm
by mathjak107
Cortopassi wrote:
Mon Dec 09, 2019 3:32 pm
Ahh, UNG. Yet another ETF I lost money on years ago.

I know this is the variable portfolio section and specifically called daytrading, but man, it is so antithetical to the whole PP concept!
I had 3 trades this year in gbtc ...up 300 , up 225 and the last one down 40 ...so we will try for a fourth trade

Re: mathjak's daytrading adventures

Posted: Tue Dec 10, 2019 6:52 pm
by dualstow
I have to ask: do you wear a fancy wristwatch?

Re: mathjak's daytrading adventures

Posted: Wed Dec 11, 2019 2:21 am
by mathjak107
nope ... i have a 35 buck g- shock watch from walmart ... i am not in to watches or jewelry ... in fact i used to have watches with the hands and from drumming i would find at some point one of the hands would fall off from the vibration .

so i find the g-shock watches perfect

Re: mathjak's daytrading adventures

Posted: Wed Dec 11, 2019 2:07 pm
by mathjak107
Gold and Tlt just sold .....up 5k .... now to wait for the typical drop...so far within 30 minutes of selling it both are down combined from where I sold by 2200.00 dollars..it is fluctuating wildly

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 8:00 am
by Cortopassi
It's good to see you aren't infallible and did sell early, at least on gold. But you did make money. ;)

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 8:29 am
by mathjak107
Cortopassi wrote:
Thu Dec 12, 2019 8:00 am
It's good to see you aren't infallible and did sell early, at least on gold. But you did make money. ;)
it always goes up after i sell . that is true most of the time with everything i do . but as you see there is always that roll back ...you can bet there will be some 11th hour resolution to Mondays tariff's . hopefully i will get a nice entry point as these two roll back .

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 8:37 am
by mathjak107
well there you go , news at 9:37

Trump: ‘Getting VERY close to a BIG DEAL with China. They want it, and so do we!’


so TLT and gld are selling off as expected with that news

edit : holy cow ... i am getting ready to buy in . . holy sh*t

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 8:59 am
by mathjak107
done deal ------500k in each and a 10k savings from yesterday ….i never catch the bottoms or the tops so I always end up leaving some money on the table buying in or selling out . But this is fine even though I am currently down a bit ...

that was quick . i kept averaging down until i hit the limit for the pp . what a sell off but i can't say it was a surprise.

You knew trump would say or do something not to tank the stock market like last years ending .ithought it would be over the weekend but he did it sooner .....

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 9:53 am
by Cortopassi
Amazing. We just keep on winning these trade deals so easily. ::)

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 10:27 am
by mathjak107
Luck ..... I can’t even tell you what my criteria is other than the seat of my pants ....it’s just Tlt and Gld no matter if they are trending up or down they still give you these 2% windows to buy and sell and create profits ....eventually I will get caught in a down trend and have to sit but so far so good

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 11:39 am
by Cortopassi
I didn't mean you...I meant Trump's trade deals. Funny.

Re: mathjak's daytrading adventures

Posted: Thu Dec 12, 2019 11:56 am
by mathjak107
Ha ha ha ...it looks like A total fall of more than 15k from my sale yesterday until this moment ... I show out of the 15 k drop I am down about 4K from this mornings buy , sparing an additional 11k fall.