Markets slowly recovering but not so much movement in gold and oil-
This recovery is precarious…with lack of breadth, any bad news will likely trigger a panic selling-
So today, I just set out most of the time.
I bought MUX because I saw volatility with traders coming in to swing trade- So I came in as well-
A 3% drop today, likely to go up 1-2% within few days. So not bad play during these precarious markets.
Also, bought BRT because it dropped 2%, housing REITs have strength. I traded today for 1% profit and bought it again
after it dropped again to 2%. May be tomorrow it will recover 1%-
I want to buy some oil stocks but missed EPM when it rose from -3.4% to -1.8% too quickly- Oh well-
I will wait for a drop and go in for swing trading.
For long term positions, I am accumulating Newmont (NEM) as its earnings were quite nice and major miners have dropped a bit.
I am about 20% cash right now, I would like to be 30-40% cash- I will be happy if I can pull out another 10% and sit
tightly for a potential 10% crash, then I will go in.
Very thankful that I made small profit today. It is reassuring that I have some skill….of course, I have a long way to go-
Thank You Jesus for a 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