mathjak's daytrading adventures

[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

[mathjak107]

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

[dualstow]

I have to ask: do you wear a fancy wristwatch?

[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

[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

[Cortopassi]

It's good to see you aren't infallible and did sell early, at least on gold. But you did make money.

[mathjak107]

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 .

[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

[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 .....

[Cortopassi]

Amazing. We just keep on winning these trade deals so easily.

[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

[Cortopassi]

I didn't mean you...I meant Trump's trade deals. Funny.

[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.

[modeljc]

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.

Got lucky. Almost got to hold it for a while TLT.

[mathjak107]

this is crazy ... it is getting tempting to sell again after buying at yesterdays sale prices

[mathjak107]

Sold both earlier today for another 8k profit since yesterday. What a crazy week trading these two

[mathjak107]

so we start out monday with tlt and gld starting out almost 2k less than i sold out at yesterday ...

when i show a difference of minus 5-7k again , i will buy back in .

the last few weeks have been an insanely profitable ride in both just capitalizing on those 1-2% moves ... the money actually spends relatively short times in tlt sometimes just a day or so when it is volatile . it is in other investments when i am waiting for tlt and gld to do their thing so i can buy in .

i use a growth and income model made up of etf's so i can trade in and out when i get an opening in tlt or gld to raise the cash .

i will swap out the bond holdings for tlt and gld .

i think though the trading will slow down until phase 2 of the trade deal starts to be discussed . you really need the volatility to pull this off.

it is the sudden rise and then sudden evaporation of that rise that makes this worth doing but we don't have a lot of news left to do it except for maybe trump and his antics ..

[mathjak107]

looks like TLT will open down about 4k less than friday's sale .. if we hit 5k i will bank the 5k and rebuy what i had again .

this may be the last of the low hanging fruit though as there is not a whole lot out there to cause this kind of volatility i think ... but it did allow me to bank over 40k from just playing the TLT game as of friday and i may have it back again today if it falls a bit more without missing a beat . well except for the fact it has fallen had i just held it from where it was .. ...

[mathjak107]

wow , back in again to tlt , gld , 8k cheaper then i sold friday .

[amdda01]

MJ,

I assume your Limit order for GBTC got triggered?

[mathjak107]

Yep 8.30 I bought it again ... I was surprised it hit ,when I put it in the price was 8.37 ....I just sold it last week ... so let’s see what it brings ....it usually dips the day after I buy but then goes up a bit and I sell ......

Quite a day for tlt / Gld .... I bought everything back earlier 8k cheaper then I sold Friday and closed up on the gld /Tlt purchase by another 1400 combined total .....

The good news is my wife had no reservation about me taking some of the profit and buying a vintage 1980’s custom sonar drum set so I made an offer on it today . Hopefully the seller will come down in price .

The bad news is she wants something too , so I think she wants some pocketbook... but it’s all good ....glad we can do this

[amdda01]

Take her to Canal - Is she cool with knockoffs?

[mathjak107]

I wish. Ha ha ha .......you don’t know my wife .......although I have to admit she is pretty good about what she buys .. but we do like taking some profits and binging one or two times a year

[amdda01]

MJ,

GBTC down 2.5% today - Whatcha gonna do?

[mathjak107]

I hold gbtc for at least a 10%range ...it can move 5-6% in minutes.... I hold it until it pops. It always does .it is just so volatile.

If it dips enough I likely will add 500 more shares ,, 1500 shares is my max I would buy
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Done added more shares...