I had one of my biggest daily gains today. I'm up 9% this month ( up 5% in January ). Took 20% off the table into the weekend including reduced my mining exposure ( yesterday was a joke on the open for the miners ). Big winner was Baytex Energy up 14.2% on the day.
I think a post calling for a rally would have gotten a lot more credit if it ended with… “….here’s the rationale for my call. “ I bought SPY yesterday morning, made 6 points , and got out. With on,y 15% (at the time) of $SPX stocks trading above their 50 day MA, it seemed like a no brainer. It wasn’t because Putin invaded. It was indicators. if I would have held thru today would have made a bunch more, but don’t care, I made money and intended all along for it to be a day trade. the question is, what happens next? Maybe another thread. I think we bounce around at best. Market needs a lot of repair work before we get another extended bull run.
Ukraine trade for me was long Oil, Nat Gas, and Gold stocks all week. It was choppy and peculiar at times but it worked out.
I missed out on the Ethereum bottom because I got greedy and was waiting for a deeper drop before adding to my LONGS. That said, I'm ok if the rally continues on the high-side so I can sell a few dozen covered calls by Monday. Oh well, maybe Russia changes target to Poland in a couple months, and the markets can have a second chance again.
So volatile at the minute all over the place. Oil is a great opportunity if have the nerve to trade it haha