Another volatile week-
Went down but came up with swing trading gold miners-
#NAK and #HL worked pretty well. Also, #EPM did well as well.
I am still down 8% but swing trading softens the blow.
No more long term buy-and-hold to add yet except may be for #HL, which I have been adding slowly and painfully-
I expect volatility to continue.
There are some concerns that some crash might happen in April- I won’t be surprised.
There is a supply chain choke in the LA port and the Suez canal- Chip shortages-
Inflation concerns- Ton of bad news-
I am 30% cash right now- Wish I could be 40% but I could not unwind some gold swing trades that I went in few
weeks ago- The good thing is that with gold miners I can sit and wait-
I am also down with AYX. I thought the stock got pummeled but it can keep going down.
Looking forward to buying some more REITs because they went down as well.
Long BRG and IRT. Will add more if I can.
For the foreseeable future, I will continue swing trading and try to be 40% cash at least.
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