Thanks @Sekiyo I will continue and will explain more details. So this is just the beginning of my Diary. I am still newbie in the forum. So if you have questions I am here to help.
Friday Trades - 21 Oct 2022 10 trades 8 of them losers and 2 of them flat. DNP - 400 shares short at the market open. Big premium of that fund. My idea was enter at $10.30 to $10.00 but XLU was strong because of the SPY. PAXS - 400 shares short entry price $15.42 TBLD - long 300 shares. Entry price $13.09 and my stop was $0.10 but I exit immediately when put big ASK 5 cents lower than my entry price. My opinion is that that was bad decision about that trade. This was opportunity to add more size. RLTY - Imbalance play - long 400 shares 10 minutes before market close. Big imbalance and Near Price indicated +$0.80 close price. I hope for 20 or 30 cents trade but actually close 5 cents up from my entry price. The other trades are not CEFs!
Today's trades. 24 Оct 2022 I have 3 trades all of them are losers. THQ - TEKLA HEALTHCARE OPPORTUNITIES FUND Current Price - $18.59 / NAV - $20.82 / Discount = -10.71% The Fundt's investment objective is to seek current income and long-term capital appreciation. The Fund invests in equity and debt of healthcare companies. The Fund may invest up to 20 percent of managed assets, measured at the time of investment, in the debt of healthcare companies. It may also invest up to 25 percent of managed assets in healthcare REITs. The Fund may also hold up to 30 percent of managed assets in convertible securities. Top Sectors - Healthcare 99.37% What have to monitor for healtcare? XLV - Health Care Select Sector SPDR Fund Trade - Short at the market open. Almost 2% up but that trade is very bad at this moment. My plan for today was SPY open at ~376$ and going to falling down. Healthcare sector was very strong and SPY keep the trend up. All Top Holdings of THQ are 1.8% - 2.2% that is huge. MUI - BlackRock Municipal Income Fund Inc MHD - BlackRock Muniholdings Long at 10:30 when TLT reverse but MUB, XMPT and HYD are very weak. Munies are not ready for long positions. TNX - 4.22 ( CBOE 10 YR Treasury Note Yield )
Yesterday was busy day. I try MUNI CEFs MUI, MUC, MHD but there was hard setup in munies. NDMO - Nuveen Dynamic Municipal Opportunities. Current Price - $9.47 / NAV - $10.28 / Discount = -7.88% / Distribution Rate - 9.69% The investment objective of the Fund is to seek total return through income exempt from regular federal income taxes and capital appreciation. There can be no assurance that the Fund will achieve its investment objective or that the Fund’s investment strategies will be successful. Long Position $9.33 with 850 shares and target price 9.46$ TLT was very strong yesterday. But MUB and HYD are not ready for long positions in Munies.
Today's trades TLT is very strong. Canada rate hike 50bps instead 75bps. That was very bullish. MUB and HYD still not so strong but there is many setups in MUNI CEFs. NKX, VGM, MHD and etc. One of my favorite setups. HFRO - Highland Floating Rate Opportunities Fd Current Price - $10.54 / NAV - $14.73 / Discount = -28.45% / Distribution Rate - 8.77% The investment objective of Highland Floating Rate Opportunities Fund is to provide a high level of current income, consistent with preservation of capital. I don't have any idea why was 7% up but I try to catch on the 200 daily SMA and I catch 400 shares at $11.39 Few seconds trade - exit price $11.24-$11.20