Thank You Jesus for another blessed day-
Woke up early but my son required love and care- So didn’t not get to see the markets until 12:00PM….
It’s fine- AG bounced back a bit so sold it for 2% profit. Gold miners dropped with the drop in gold price. Some fell 3-4%.
Quickly picked up more #NEM and #HL- Day traded them for 1-1.5% profit.
Given that gold may go down below $1,800- I did not jump in and buy more miners yet. I will buy more once I know where the market heads-
But I bought #NAK because it is a stock that I have been swing trading quite well-
Also, bought #WRTC because it dropped 9% and I know that the Bola Wrap company is quite volatile- I have seen the pattern play out 9-10% drop and then 2-4% bounce the next day.
Bought some ARR, a mortgage REIT, for the monthly dividend. Will definitely buy more once I see the REIT solidifying, I expect a crash with tax loss harvesting and any vaccine bad news.
As of now, I am still heavy cash.
Not sure what will happen tomorrow, I think REITs will continue to go up while gold miners may recover some of it’s losses. Regardless, being heavy on cash, helps me make more rational decisions and does not make me anxious.
As always cash is king in times of uncertainty.
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18