This week was wild again- Up, down, up, down-
I sold a lot on Wednesday and bought back on Thursday-
Great swing trading- But this market is definitely broke.
I swing traded in and out of NAK, which worked out quite well-
I am still bullish gold miners and REITs-
I am about 30% cash right now. I expect to swing trade more-
I may buy more HL and AG. I expect silver to go up with more young people piling up on the silver trade.
REITs are good for swing trading. But will try to accumulate farming REITs (FPI and LAND).
And I will have ton of cash.
So hard to be a buy and hold investor these days- But good for swing trading because of the volatility-
At least, Prosper helps me make me make longer term investments through peer lending. However, good loans only come may be once every two weeks-
I may buy more AGNC and ARR for the monthly income-
Next week, I expect more volatility. Everyone is aware that this market has gone up too much and sort of selling and then piling in again because of FOMO.
And in such times cash, discipline, and patience are extremely important-
Thank You Jesus for a blessed day- Let us always be thankful and give You all the glory-
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