Day 37: Day trades 1/2, P/L - $6.35, overall - $18...
# active-trading
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Day 37: Day trades 1/2, P/L - $6.35, overall - $18.67. I only took two quick trades this morning with tight stops as i am wrapping up some other things and before i start a new job as well as evaluating the broader market in general for longer term swing and position trading while i have work. Right now i have started my first position on IBIT which represents movement in bitcoin with a 1% starter position, my full position will be at 5% of my overall account. I am going to average in at lows buying weakness since i believe it is going up in the long term over 1-3 months is my current target at 125k-130k bitcoin price, my stop target will be to exit at confirmation below 100k most likely at this time because if it went below that it could likely go much further before rebounding. My next two positions will be GLD and SLV at 25% and 10% position sizes starting in the same way as IBIT but at pullbacks right now they are right near all time highs and i do not like to buy at a premium. Other than that i plan on finding one mining stock at 5% and one energy stock at 5% but i have not decided on all of that yet.