What did you trade today and why?

[aja8888]

Thanks... I am looking ST for these... have not yet decided what I want for bonds... a lot have premiums and I do not like paying premiums...

Look at WDI as it's trading -7.48% discount.

 

[dickoncapecod]

Thanks... I am looking ST for these... have not yet decided what I want for bonds... a lot have premiums and I do not like paying premiums...

Hi. Just an old too-often repeated observation about premiums/discounts: a CEF can only trade at a discount if the preponderance of investors have believed its total return prospects are so poor that they have been willing to sell it below its market value.
Regards, Dick

 

[dickoncapecod]

Look at WDI as it's trading -7.48% discount.

Yep. That's my exception because I think I have good reason to believe fearful sellers in the hole are incorrect about future TR. As with fees and expenses, I pay little or no attention to premiums/discounts --- concentrating almost exclusively on judgements about future total returns (with an emphasis on income). D

 

[richardsok]

Bought opening positions in WDI and HYIN with intent to hold unless they show a DCA oppty. I can be patient on price but want to know they are maintaining coverage.. Neither has decently recovered from the Tariff Tantrum so I felt I could still get a fair price.
Added marginally to my PFFA position (lightly margined preferreds ETF).

 

[DrRoy]

What did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?

Why? Because I don't trade.

 

[Montecfo]

Hi. Just an old too-often repeated observation about premiums/discounts: a CEF can only trade at a discount if the preponderance of investors have believed its total return prospects are so poor that they have been willing to sell it below its market value.
Regards, Dick

Well, of course that is true. But it also happens.when a market segment is simply out of favor.

CEFs speaking generally are thinly traded, and highly susceptible to price pressure due to selling and the more emotional the better.

These are among the reasons I like to trade them

 

[Fermion]

What did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?

Why? Because I don't trade.

I mean that is great and all but you could just ignore threads that don't apply to you

If someone starts a thread on best places to breastfeed, I probably won't reply saying "I don't breastfeed because I don't have breasts".

 

[HFWR]

What did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?

Why? Because I don't trade.

At this point, I’m not sure anything is prudent, given the uncertainty.

 

[HFWR]

I mean that is great and all but you could just ignore threads that don't apply to you

If someone starts a thread on best places to breastfeed, I probably won't reply saying "I don't breastfeed because I don't have breasts".

But you do have breast tissue.

 

[TheWizard]

It's not so much "trading" as buying additional ETFs, at least for me.
I did do some TLHing in the past few weeks, but those were sideways moves, buying a bit more of a new ETF than the ones I sold.
Quarterly RMD payment hitting the old checking account in the next day or two, so will move some of that into my taxable account and maybe set up another limit order...

 

[Bill E]

Sold some modest positions in equity - QLENX QQQ and OXCL to raise some cash. Looking at AGNC NLY and DX -- and maybe a bit more Pimco bond CEF

I'm just thinking equities are going to be bogged down by tariff uncertainty longer than the others.

Added a bit to AGNC and NLY. 11% cash

Bill

 

[Luvtoride]

What did I trade today? Nothing. Friday? Nothing. Day before that? Nothing. See a trend here?

Why? Because I don't trade.

I’m with you Dr. Roy. One less thing to analyze, deal with and stress about. My life is no different than it was a month ago.

 

[copyright1997reloaded]

Meaningless, but since I have been reporting trades here: I sold a small amount of Apple (AAPL) @205.63 yesterday afternnon. It remains (by far) my largest holding and oversized exposure (in terms of my equities, which make up about 40% of my overall net worth...and by itself is a healthy six-figured YTD loss in my portfolio.).

[Apple owes me nothing, I bought a small amount of it in December 2001 and even though I have sold some over the years it has been a great winner.]

ETA 2: My Apple dividend (per year) is more than my original cost basis.
ETA 3: But I still buy phones a year or two back, e.g. I currently own an iPhone 13 and my kid an iPhone 15. Own a Macbook Pro (M1). But I thank you all for your buying those 16 pro's!

 

[Montecfo]

Sold some modest positions in equity - QLENX QQQ and OXCL to raise some cash. Looking at AGNC NLY and DX -- and maybe a bit more Pimco bond CEF

I'm just thinking equities are going to be bogged down by tariff uncertainty longer than the others.

Added a bit to AGNC and NLY. 11% cash

Bill

Could be. But I would think you would be moving to something less volatile if concerned about equities.

 

[drs]

- (sell) GDX @ 50.49 - next tranche out. GDX's run up is impressive and the chart still looks bullish to me although it is getting into that "maybe its overextended here" zone but certainly could go higher. It is at a level not seen since 2012. Next logical major resistance would be at 55 but not sure it gets there in a straight line. Big support in the 45-46 zone to my eyes and I would probably buy some back there (subject to change of course, as is everything I post). Prior high of 67 in 2010 when gold hit 1800.

Not financial or investment advice. Just what I am doing.

 

[Flieger]

I mean that is great and all but you could just ignore threads that don't apply to you

Agree. Just move on to other threads that apply to your philosophy.

I won;t be doing anything until the end of the month, one I have all monthly Divs, see what they are/were compared to my monthly "paycheck" then invest the rest in whatever funds look enticing to increase my Divs for the on-going months.

Flieger

 

[Texas Proud]

Of course those are either heavily equity or all equity portfolios, so stock prices rather than interest rates will be your primary performance driver.
Regards, Dick

Just curious... I have not looked and you probably know...

Do the divis include cap gains like a MF?

 

[dickoncapecod]

Just curious... I have not looked and you probably know...

Do the divis include cap gains like a MF?

Hi. Equity CEF distributions very often do include trading gains ---- in fact, since common stock dividend yields are quite low, gains are often 50%-70+% of distributions. Of course, since the managers are trading for YOUR supper, risks include poor decisions on their part and/or broad market declines that leave them with no gains to take --- at which point they distribute destructive ROC.
Regards, Dick

 

[leb]

Since I’ve been overweight PHK, I used today’s 1.6% gain to lighten up on it. It’s been quite volatile and trending downward. Used this opportunity to purchase more PTY and PDI at favorable pricing with the proceeds.

 

[Markola]

Today I sold a certain 2x daily leveraged etf in my Roth when it hit my target. Funny how even a small gambling position can occupy one’s attention far beyond its importance.

 

[GBcycling]

Added to existing positions in IRA Earlier today
+ PDO
+ PDI
Funded with proceeds from SPHY

 

[Bill E]

Could be. But I would think you would be moving to something less volatile if concerned about equities.

Hi Montecfo - Good point but I'm looking for the earlier new uptrend in total return rather than lower volatility. I certainly may be wrong about where to find it.

Bill

 

[kilgore]

Added to VYMI in IRA. Nothing dramatic.

 

[Waynew]

Like to know the current thinking of what is hot and what is not; and please indicate why such a move and what sort of an account, i.e. IRA...brokerage, etc.
My latest purchase on Friday was CIM as it was down over 2.5% and it goes ex-D at 11% - In my SEP account

Sold 1,200 shares of O. That closes that holding completely. Bought 100 more shares of MRK and 9 more of ABBV for my wife's ROTH IRA so that I can trade covered call options on those positions. O was a satisfactory investment, but I can do far better with options trades on MRK and ABBV shares.
For example, YTD options income on my ABBV shares (ROTH and traditional IRA) is $9,495. I haven't had any shares called away, so I keep getting the dividends as well. However, YTD ABBV dividends are only $1,886. Options trading makes a big income difference. I talk about how I trade options in my blog.

 

[aja8888]

Sold 1,200 shares of O. That closes that holding completely. Bought 100 more shares of MRK and 9 more of ABBV for my wife's ROTH IRA so that I can trade covered call options on those positions. O was a satisfactory investment, but I can do far better with options trades on MRK and ABBV shares.
For example, YTD options income on my ABBV shares (ROTH and traditional IRA) is $9,495. I haven't had any shares called away, so I keep getting the dividends as well. However, YTD ABBV dividends are only $1,886. Options trading makes a big income difference. I talk about how I trade options in my blog.

Got a link to your blog? I traded options for a while, too.