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| pthomas215 1,251 posts msg #137315 - Ignore pthomas215 |
8/3/2017 11:17:05 AM Sanjco, the short answer is do not hold during earnings most of the time, except when you are truly comfortable with the position at the time. Ive been getting in and out of FIT the past couple days....got out at 5.10 or so before the call, as it seemed to be dropping to 5. Earnings out last night and it went from 5 to 5.30. After I saw good earnings, I re entered at 5.30 and it is now 5.80. In my opinion,you want to shift into "trade" mode around earnings, as opposed to investment mode. |
| Kevin_in_GA 4,599 posts msg #137316 - Ignore Kevin_in_GA |
8/3/2017 11:45:10 AM Alternatively - don't trade any stock before earnings. You cannot know how it will play out, therefore it is a pure gamble rather than a planned investment with some kind of statistical edge. |
| pthomas215 1,251 posts msg #137317 - Ignore pthomas215 |
8/3/2017 11:49:05 AM Well, i was making the same point actually. It's a statistical play after earnings come out, as you then know the new support and resistance levels. Point is valid--holding around earnings is like gambling, and holding through earnings is like shoving all the chips in the center of the table and putting ""it all on red". |
| sandjco 648 posts msg #137323 - Ignore sandjco modified |
8/3/2017 1:38:23 PM Thank you for the feedback! In hindsight, my original plan was still valid in using ETFs in my trading portfolio. With the stocks I've mentioned, i was just wondering if there was a way to "enhance" Buy and Hold returns by trading in and out of core positions. Maybe it is just greed; I will leave that thought for now. So far, 2 "learnings" hit me: - FEAR (of losing or missing the run or being wrong) has been the driver of my decisions (hence, missing runs and entries). I have to figure out a way around this. So far, I think having a confidence in the plan (lacking back "testing" data) may help. More on that.... - One does not really know what happens next all the time every time after you take the trade. One can, however, limit loses by selling. On the backtesting....Kevin, thank you for bringing up StrataSearch. Outside of SF, this is probably the best software out there that is free. I used to like Wealth-lab till it died. I've just downloaded it and it is currently running the "one click" % of perfect sim on a basket of securities. I started at 9:00 AM PST, I wonder how long it will take....LOL Hope Google doesn't screw up our ability to download data in the future! KORU, GERN, LABU/XBI are on my watchlist. Cheers! |
| sandjco 648 posts msg #137375 - Ignore sandjco |
8/5/2017 12:30:23 AM picked up LABU  |
| sandjco 648 posts msg #137465 - Ignore sandjco |
8/8/2017 8:27:07 PM Hmmm...LABU was going well and then....even the rest of the stocks I'm watching kinda reversed. Market feels weird...almost as if it is waiting for an excuse to sell off hard. |
| sandjco 648 posts msg #137518 - Ignore sandjco |
8/10/2017 12:35:39 PM Guess I spoke too soon! Apparently the markets are rattled by the Trump vs N.Korea? DOW is currently down 162 (yawn). |
| sandjco 648 posts msg #137568 - Ignore sandjco modified |
8/11/2017 12:28:21 PM Ok...i'll bite! $77.50  YINN, INDL, LABU, PBYI, and MIDU on watch. Should I or should I not wait for it to go "red to green"....still the mind plays games. XIV entry; didn't wait for it to go from "red" to "green". Then I checked the weekly chart after I placed the trade and I'm going ...uh oh....1/5 stream into the pot. The logic (or lack of)...I would have thought the "news" would have shaken more from the tree...however, the market seems to be resilient. AAPL and FB barely gave any ground.... Trade is done; can't do anything about it now...just need to "manage" it. |
| sandjco 648 posts msg #137621 - Ignore sandjco |
8/14/2017 12:20:32 PM shil...."you don't have to day trade; it is just an illness" and "everything comes easy to me; so I look for the easiest route"... To exit with profits on all trades (exceeding 2% target on plan) or to hang on? I'd like to take the EZ route; I am looking for the EZ route to simplify how to make money in stocks. Strangely, all my B&H portfolios have prospered over the past 20 years without the churn (maybe that is my "EZ" route?). I'd like to be that FUGLY guy with all the bikini babes attached to every appendage on my 3 pack bod! Why "trade" then? For me, the reason is simple...I want to learn how to make money with the money I already have (and willing to risk) so I have something meaningful to do instead of playing golf! I've recently tried Stratasearch (thanks Kevin); not to complicate my approach but to learn "back testing" and see the validity of the variables and parameters that I've used (even though the eye test and actual trades have panned out)...I'm curious. I'm also wanting to know if there are any exit triggers I could use mechanically. But I like EZ...and am in search of EZ....but maybe it is my search for EZ that is making it not EZ for me? |
| shillllihs 6,101 posts msg #137623 - Ignore shillllihs modified |
8/14/2017 12:46:19 PM The most money I've made has first come from business then real estate. Emotions and temptation to tinker come into play most when investing. How I have been able to amass 3 dozen properties and an Asian wife 16 yrs. younger than me. My 2% back on my CC. pays for at least 3 nice vacations a year. But if you can get beyond that, swing trades and long range trades with selling part or all at key levels and re-entering all the way up is my preferred way to go. Be confident that you have caught the trend early and ride it, but at the same time, be confident you know your long term exit. |
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