Taking another LONG ride at 58.61 with TMF (oversold)

23 thg 9

It worked well last time (+11.9% in 7 trading days) and even better the time after that when I FORGOT to trade it - see my last idea for TMF for how that went. So I went long at 58.61 this morning. I'm not missing this train again.

I don't think rates are going up any time soon and neither does anyone else. I think this is a buy the rumor sell the news pullback that is part of a larger uptrend as part of this rate normalization regime by the Fed.

I also think we are getting back to a normal world where the bond market is not so highly correlated with stocks. Given that I think the market may take a little rest this week, it seems like a good time to get in on TMF. Will add more if it stays oversold and will sell lots when they become profitable.

As always, this is market edutainment and a play by play of my trading, not investment advice, and should not be taken as such. Trade at your own risk.

24 thg 9

Ghi chú

Down day overall but actually a gain from my entry point, so no adding to the position today.

Holding Lot 1 - 58.61

25 thg 9

Giao dịch đang hoạt động

Added another lot at the close - still oversold

Lot 2 - 57.35

4 thg 10

Giao dịch đang hoạt động

Added another lot at 53.64 - oversold again.

Current lots held:
58.61
57.35
53.64

7 thg 10

Giao dịch đang hoạt động

Still oversold so I added a lot at the close for 52.47.

Current lots held:
58.61
57.35
53.64
52.47

9 thg 10

Ghi chú

Added again at 51.77 - oversold again.

Current lots held:
58.61
57.35
53.64
52.47
51.77

10 thg 10

Ghi chú

Still oversold so I added another lot at 51.08.

Current lots held:
58.61
57.35
53.64
52.47
51.77
51.08

21 thg 10

Ghi chú

Added another lot at 47.92 - oversold again

Current lots held:
58.61
57.35
53.64
52.47
51.77
51.08
47.92

23 thg 10

Giao dịch đang hoạt động

Oversold again so I added again at 47.64 at the close.

Current lots held:
58.61
57.35
53.64
52.47
51.77
51.08
47.92
47.64