mathjak's daytrading adventures

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amdda01
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Re: mathjak's daytrading adventures

Post by amdda01 » Mon Mar 23, 2020 12:55 pm

pmward onto something:

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

I know you're lickin' your chops, MJ.
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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Mar 23, 2020 1:55 pm

meh ... the fact equities are down so much takes the fun out of the little hits
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Re: mathjak's daytrading adventures

Post by amdda01 » Mon Mar 23, 2020 1:57 pm

Hear ya - Any predictions for tomorrow (3/24)?
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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Mon Mar 23, 2020 3:55 pm

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
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Mar 27, 2020 7:09 am

bought 200 shares sdow at the close ... i figured 3 days of gains and a friday says we are ripe for a down day
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Re: mathjak's daytrading adventures

Post by Cortopassi » Fri Mar 27, 2020 8:02 am

Bad timing mj, didn't you get the news? We are already back in a bull market <sarc>

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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Mar 27, 2020 8:36 am

sdow sold .....up 10% since the close ...
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Re: mathjak's daytrading adventures

Post by amdda01 » Fri Mar 27, 2020 8:40 am

Nailed it.
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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Fri Mar 27, 2020 9:38 am

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 .....
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Re: mathjak's daytrading adventures

Post by dualstow » Fri Mar 27, 2020 9:45 am

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.
RIP Charlie Daniels
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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » 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 .
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Re: mathjak's daytrading adventures

Post by pmward » Fri Mar 27, 2020 10:41 am

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.
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