What did you trade today and why?

[surprising]

Sold all my PDI, PDO, DX, DLY, all held in roth. I recommend everyone else do the opposite

 

[dobig]

Doubled my position in EWZ.

 

[surprising]

Watching RITM in my taxable brokerage. I've been wanting to sell it as I've been trying to get rid of CEFs/REITs in after-tax accounts, but my gains were too large. Well, not anymore! RITM has been crushed this year, and almost I'm almost down to even.

 

[Fishmasterdan]

Sold all profitable equity positions on weds. Sitting on 40% cash waiting for weekly MACD to turn back up until I think about getting back in.

 

[richardsok]

MEMO: Mkt is down another 600 pts again today. It occurs to me that the great Crashes of 1929 and of 1987 erupted AFTER a week or more of sawtooth bear movements starting from extreme highs that preceded them.... quite similar to what is happening now. Am I implying anything? Not at all: merely observing and remembering.

 

[Al18]

SP500 is down 1% for the past 3 months.

 

[COcheesehead]

Picking and plucking away at FSCO.
Sold my discounted drips in PDI and PTY

 

[NW-Bound]

Same old, same old here. Hoping for a bounce today to sell OTM covered calls at nice, nice high prices, but the market god turns stingy and is no longer generous.

Fine. I still sell some calls anyway, at lower prices than I wished for. A total of 19 contracts so far, generating cash of not quite 0.1% of total stash, making a tiny dent into the total portfolio drop. But that's still better than nothing, eh?

 

[dickoncapecod]

MEMO: Mkt is down another 600 pts again today. It occurs to me that the great Crashes of 1929 and of 1987 erupted AFTER a week or more of sawtooth bear movements starting from extreme highs that preceded them.... quite similar to what is happening now. Am I implying anything? Not at all: merely observing and remembering.

Indeed. A number of asset managers appearing on TV have agreed on one thing: it's unlikely anybody will be INCREASING their exposures this afternoon in front of a weekend during a shooting war in oil country and unrelenting confused quack issuing forth from DC. SO bids may be thin, and sellers may have to go deep. I'm going to put a few bids for bondish CEFs at "silly" / "obviously impossible" levels and otherwise sit on my hands til Monday.
Regards, Dick

 

[COcheesehead]

There’s an old Wall Street saying about buy when the cannons are booming. Sell when the trumpets of victory are sounding. Something like that. Basically buy fear. If the VIX gets over 30, I will release the cash hounds into the asset fields.

 

[Montecfo]

I buy CEFs when they are out of favor as referenced by higher discount or reduced premium. I sell when this changes.

It works pretty well, but I also do not try to live on the income so debt and selling spiked yields are not something I look for.

 

[dickoncapecod]

There’s an old Wall Street saying about buy when the cannons are booming. Sell when the trumpets of victory are sounding. Something like that. Basically buy fear. If the VIX gets over 30, I will release the cash hounds into the asset fields.

"Let slip the dogs of war!" --- Klingon general, Star Trek "Undiscovered Country" D

 

[Randy145]

SP500 is down 1% for the past 3 months.

But nearly 2% since we learned of the Iran situation. That's defines a whole new environment.

 

[Mr_Pink]

There’s an old Wall Street saying about buy when the cannons are booming. Sell when the trumpets of victory are sounding. Something like that. Basically buy fear. If the VIX gets over 30, I will release the cash hounds into the asset fields.

Great quote: "Buy when you hear cannons and sell when you hear trumpets" from Nathan Rothschild, European banker, during the Napoleonic wars. Since we're being highbrow here maybe pair it with Goethe's "Few people have the imagination for reality"!

 

[dobig]

I have a feeling this will go somewhat like the Tariff tantrum went. When we reach the point of maximum despondency and despair, a magical tweet out of nowhere will completely change the narrative.

Sitting long and strong with minor adjustments around the edges.

 

[marget]

Great quote: "Buy when you hear cannons and sell when you hear trumpets" from Nathan Rothschild, European banker, during the Napoleonic wars. Since we're being highbrow here maybe pair it with Goethe's "Few people have the imagination for reality"!

awesome-------
I found myself ruminating about golf, the golf swing, a click for a perfect swing, a shank--always a deep shock to the system
for some reason musing about golf---every tiny aspect from a slight change of the left thumb to the shoes---makes me feel like i'm approaching the imagination for Reality

 

[marget]

I have a feeling this will go somewhat like the Tariff tantrum went. When we reach the point of maximum despondency and despair, a magical tweet out of nowhere will completely change the narrative.

Sitting long and strong with minor adjustments around the edges.

even if this happens
is this any way to invest
there has to be a way, a different road, a more meaningful way to deal w/ the present situation b/c it will probably last for years
there's a part of me that refuses to invest per social media---and this may be foolish & egotistical on my part---

 

[Mr_Pink]

awesome-------
I found myself ruminating about golf, the golf swing, a click for a perfect swing, a shank--always a deep shock to the system
for some reason musing about golf---every tiny aspect from a slight change of the left thumb to the shoes---makes me feel like i'm approaching the imagination for Reality

More like chaos (sensitive dependence on initial conditions). That's what makes sports inherently unpredictable at certain scales.

 

[surprising]

even if this happens
is this any way to invest
there has to be a way, a different road, a more meaningful way to deal w/ the present situation b/c it will probably last for years
there's a part of me that refuses to invest per social media---and this may be foolish & egotistical on my part---

I am staying away from BDC/CEFs for now. Sold most of them today. I think the private capital contagion is just getting started.

I am not going to try to be smart, and will just DCA into VTI sporadically.

 

[marget]

More like chaos (sensitive dependence on initial conditions). That's what makes sports inherently unpredictable at certain scales.

so tell me how Reality is all that different from chaos
probably in the way one responds
the only way out of a paradox reality/chaos is to transcend what appears to be two different things that are actually only one thing
why am I typing w/o periods and question marks

 

[dobig]

I am staying away from BDC/CEFs for now. Sold most of them today. I think the private capital contagion is just getting started.

I am not going to try to be smart, and will just DCA into VTI sporadically.

I did that awhile back and trimmed my celf holdings to less then 2% except for UTG (utility cef). Covered call income funds pay around the same and I have less to worry about.

GPIX, GPIQ, SPYI and lesser amounts of QQQI. About 7% of PV.

 

[COcheesehead]

I buy CEFs when they are out of favor as referenced by higher discount or reduced premium. I sell when this changes.

It works pretty well, but I also do not try to live on the income so debt and selling spiked yields are not something I look for.

Getting better everyday for your opportunity to buy.

 

[drs]

Sold 1/2 of PDI, PAXS today in fears of a rapid price decline like we've seen happen to these in the past, and hopes that I can buy shares substantially cheaper in such a rapid price decline. Keeping my DNP for now. Substantially lightened up overall allocations to equities and raising cash which is now getting significant. Very hard to stay the course in a fluid situation with low information flow. There will be opportunities later.

 

[YellowSubmarine]

In Roth, avoiding domestic equities as the tail wags the dog.
+ VXUS new position
+ XAR restart a larger position

 

[flipstress]

wow - sorry, this is news to me that GOF (like PIMCO) gives a 5% discount -- do you get it via Fido or Schwab or who?? Thanks

Hi, Old Dog.

Fidelity GOF DRIP re-invests "automatically" with any discounted price if you have chosen dividend re-investment.

On the other hand, Schwab requires a phone call from you to be enrolled in the GOF DRIP even if you have chosen dividend re-investment for GOF via their web page.
It takes a call from you to Schwab to get enrolled in the GOF DRIP just like you had to call them for the PIMCO CEF DRIPs to get the discounted re-investment cost/price. General phone number for Schwab is (800) 435-4000.