Another so-so day for the markets-
Not even Biden’s stimulus tsunami can save this market-
With so much liquidity and retail investors jumping, price discovery is pretty much non-existent….
But we still need to trade and make money.
I want to return to buy and hold but not yet…
So today I swing traded gold and silver miners once again-
Good day to swing trade AG, made a nice 3%-
Also, swing traded BRT because it fell 3% for no real good reason-
Always thankful for the small profits.
I have been accumulating more silver miners and housing REITs (BRG).
But the process is slow…with so much volatility I swing trade more.
Still I am thankful that I am slowing accumulating miners and housing REITs.
I want to have some new positions but everything is so expensive….seriously-
This is why I am now 30%+ cash again.
These are frustrating markets but when the big crash comes I will be ready-
At the mean time, I will swing trade with at least 30% cash waiting for the big correction.
Thank You Jesus for another blessed day. Let us always be thankful and give You all the glory Amen!
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