mathjak's daytrading adventures

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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Jan 03, 2020 9:33 am

if you cherry pick the lost decade for stocks all you needed was bonds to do better and nothing else.

in fact 30/70 with no gold beat a 60/40 the last 20 years with 2 back to back recessions and a 40 year bull market in bonds in the mix .

.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Jan 03, 2020 9:46 am

looking at my total investment period which started in 1987 , the fidelity insight growth model which i used from day one right to retirement took a hypothetical 100k and ended december with 3.3 million ... the insight fidelity sector model started a year later in 1988 and closed 2019 at 4.915 million .

that includes those 20 crappy years

so the only time frame that counts is the ones that applies to us with whatever our models are . ... these charts mean little since we all buy at different times , rebalance at different times , add money differently , sell at different times as well as have different tax structures and most important DIFFERENT PORTFOLIOS which have different results when working as a team vs in isolation
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Jan 03, 2020 2:54 pm

mathjak107 wrote:
Thu Jan 02, 2020 12:09 pm
Got bitcoin ...gbtc 7.95
Phew , I thought I did well this morning with gbtc up almost 5% ..it now shows over 7% today ....damn I wish I had all my gold money in that baby today

Bought ung today natural gas ......
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sat Jan 04, 2020 5:44 am

interesting that bitcoin was going for the equal of 24k in dollars in iran yesterday ...

basically it was iran yesterday that triggered the run up in bitcoin and gbtc . gbtc acully closed up over 7% .. but at least i captured 5% of it overnight . it was a bigger benefactor yesterday than gold and tlt together x 2 were
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Re: mathjak's daytrading adventures

Post by HappyMan » Wed Jan 08, 2020 8:22 pm

Is it time to buy oil?
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Re: mathjak's daytrading adventures

Post by mathjak107 » Thu Jan 09, 2020 2:27 am

not yet i think ... i am waiting for the air to come out of all this stuff .. TLT is back to negative since i sold . gold has been evaporating its flash in the pan for those who did not lock in any of its recent spike .


that is the problem with gold and oil .. it seems to be like a tease ... if you blink and do nothing the gains tend to evaporate ... looks like futures are down 13 bucks for gold this morning on top of down 18 yesterday .

in the mean time i have been trading ung and gbtc. gbtc was hot for a bit too
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Re: mathjak's daytrading adventures

Post by dualstow » Thu Jan 09, 2020 6:38 am

mathjak107 wrote:
Thu Jan 09, 2020 2:27 am
that is the problem with gold and oil .. it seems to be like a tease ... if you blink and do nothing the gains tend to evaporate ...
Depends on what you want it for. It would be nice if gold had a generally upward trend like the S&P500. Even though it does not, I feel comfortable holding coins and not messing with them, excepting rebalancing bands.

If you’re young like Smithers, you want assets to be cheap.

if you’re older like Mathjak (and my Dad), it’s easier to get bored and more tempting to do quick trades.
I’m in my late 40s so I’m not quite sure what I want, but I should probably trade very infrequently.
”My option is to displace the mayor of New York City and bring in the National Guard -- as the governor, in a state of emergency -- and basically take over the mayor's job," Cuomo said. He quickly added that, "I don't think we are at that point,"
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Re: mathjak's daytrading adventures

Post by mathjak107 » Thu Jan 09, 2020 8:47 am

HappyMan wrote:
Wed Jan 08, 2020 8:22 pm
Is it time to buy oil?
oil still tumbling again today

edit-------------- limit order hit at 12.33
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Re: mathjak's daytrading adventures

Post by HappyMan » Thu Jan 09, 2020 7:58 pm

mathjak107 wrote:
Thu Jan 09, 2020 8:47 am

edit-------------- limit order hit at 12.33
Nice! What is your secret?
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Jan 10, 2020 3:48 am

my butt ....

have a limit order in for gld too ... it is coming back to earth daily now ...

that flash was what we got for waiting 7 years for a high and it lasted not even a day . oil too fell something like 10% in days .

which is why it is always timing the markets it seems with commodities and gold , not time in the markets like equities
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Jan 13, 2020 3:23 pm

added to uso (oil ) and gld today
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Re: mathjak's daytrading adventures

Post by mathjak107 » Tue Jan 14, 2020 5:53 am

looks like the gold rally is fading off in to the sunset … I will add the last of the money likely today in to gld .
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