Sean K Trading

[Sean K]

Ahem ..
"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting." Jesse Livermore

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I agree, but super and cash are doing that for me. I need something to raise the blood pressure a little.

 

[divs4ever]

I believe a dip in Gold will come @Sean K .

but will it be a mass liquidation event like the GFC ?

that is the trillion dollar question

the million dollar question is , will you have some dry powder in the correct place when it happens ( the dip or mass liquidation event )

 

[divs4ever]

The only good thing about a crash is having lotza cash.

readily available

if she is a whopper ( crash ) expect bank transfers to be tardy/delayed as the powerful cover their butts first

that is why in 2020 i had cash ( in the bank , not the trading platforms ) AND reverse index ETFs ( in the trading accounts i wanted quick liquidity in )

 

[Sean K]

Weekly update:

Added back some SVM on the CR dip and ETPMAG and PMGOLD on PM rush.

 

[Sean K]

As regular readers know I sold a property last Jan and along with a DVA compensation payout I've been sitting on the cash deciding what to do with it. A very fast car first came to mind, then a yacht, then a cottage in the countryside, and then a motorhome, or a combo thereof, but I've just been sitting on it waiting for a well formed decision to emerge, or for an opportunity. Looks like that opportunity may be forming, it's just a matter of whether to wait for the dust to settle or tactically buy on the way down. I don't think there's any rush as it looks like there's a little bit of panic, but I'm not sure if there's blood on the streets yet.

 

[JohnDe]

As regular readers know I sold a property last Jan and along with a DVA compensation payout I've been sitting on the cash deciding what to do with it. A very fast car first came to mind, then a yacht, then a cottage in the countryside, and then a motorhome, or a combo thereof, but I've just been sitting on it waiting for a well formed decision to emerge, or for an opportunity. Looks like that opportunity may be forming, it's just a matter of whether to wait for the dust to settle or tactically buy on the way down. I don't think there's any rush as it looks like there's a little bit of panic, but I'm not sure if there's blood on the streets yet.

Yes it is starting to look like the time.

 

[qldfrog]

Yes it is starting to look like the time.

The time or soon the time? started both a few buy orders below expected today fall, and some sell as i need to do some cgt.

 

[Sean K]

I've been 65-70% cash for the past 16 months waiting for an opportunity to deploy it into something. I've also been worried the general markets were running away and I'd missed the boat on deploying capital early last year to capture the run. Even though I was very heavy PMs all last year I was rueing the opportunity not to have gone all-in, particularly gold. Was hard to sit back and watch at times earning just 4.5% in the bank. I thought there had to be a significant correction at some stage and ducati was scaring the crap out of me with the fundamentals of the market so I was ultimately happy to be patient and wait it out. What I was not expecting to be the catalyst of the correction was the Trump Dump. Now, time to look for bargains once the dust settles. Not sure how long the fall will last before everyone is shaken out. One week, one month?

On the radar:
More of the ETFs I currently hold.
Add an International high growth ETF like VDHG.
ARMR looks very interesting.
Identify some individual stocks that get unnecessarily slaughtered.

 

[dyna]

tactically buy on the way down.

Yes , these things can turn very quickly . It's not going to drag out for months .This slump could be over in a matter of weeks . That's my take on it and the idea of getting stuck with my cash hoard for another year is giving me the heebie jeebies .
The margin call tryers will all be gone by this week , so I've got to get cracking soon , I believe . Maybe it will prove to be buying prematurely , but I'm not at all bothered by that . The traders here , will be waiting for a definite upward trend but I'm thinking.... quality for the long term .

 

[Sean K]

Added some ARMR and VDHG on the open. Not many, just a toe in the water, anything could happen here.

edit: added the same amount of GEAR as well.

Could be a dead cat forming, so plenty of powder in reserve.

 

[dyna]

Everything in and out of my super has gone green.
Even the rubbish !
I smell a rat .
Anyhoo , I'm not risking my big fat thumb , here . ( My Captain , take note . Just a big toe , in for a dip )
Almost filled my 10 grand order for your VDHG at $ 62.37 1/2 an hour ago , Sean ( Thanks for the tip ) but it's gone to $ 62.58 just before the close .I'm not all that keen on Aussie ETF's , much prefer the US variety but they've taken a horrible hiding .It's so awful , I can't even look .

 

[divs4ever]

I smell a rat .

more likely a big skunk in the middle of the road ,

but i reduced RRL turning it into a 'free-carry '

and put some cash in the warchest , in case this was just a relief rally

missed my buy tarets two by a whisker

let's see what tomorrow brings

 

[Sean K]

Bought a few more silver coins for the pirates chest this morning. I reckon they'll have an extra zero on their price in 10 or so years.

Picked up some Koalas this time.