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| sandjco 648 posts msg #137647 - Ignore sandjco modified |
8/14/2017 9:12:10 PM shil..tks for sharing! I'll try to find a girlfriend 16 years younger...albeit it may cost me more than 50% of my assets!!! "be confident that you have caught the trend and ride it; and know your exits" and "selling at key levels and re-entering up" ... For a newbie, this is where it becomes nebulous to me because: - "caught the trend"; what does that mean? when price breaks below and then reverses back up a certain moving average? Here's XIV...I'd like to think I've caught the bottom....but where would my exit be (maybe you are saying the exit is an individual's preference)  Or conversely, see if it is able to break overhead resistance of $88? Guess this is where TRO's comment about the "art" in trading comes in play as there ain't no single answer...it all comes back to "me". This can be challenging when one has a personality that prefers a "defined" path. |
| sandjco 648 posts msg #137649 - Ignore sandjco |
8/14/2017 9:17:25 PM Shared by four...but I'd like to keep a copy here since I'm documenting my trip.... Jesse Livermore http://thereformedbroker.com/2013/08/03/nine-surprising-things-jesse-livermore-said/ Here are nine surprising things Jesse Livermore said regarding excessive trading: 1. “Money is made by sitting, not trading.” 2. “It takes time to make money.” 3. “It was never my thinking that made the big money for me, it always was sitting.” 4. “Nobody can catch all the fluctuations.” 5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.” 6. “Buy right, sit tight.” 7. “Men who can both be right and sit tight are uncommon.” 8. “Don’t give me timing, give me time.” and finally, the most important thing: 9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.” |
| four 5,087 posts msg #137650 - Ignore four modified |
8/14/2017 10:36:12 PM Reinvesting Dividends vs. Not Reinvesting Dividends: A 50-Year Case Study of Coca-Cola Stock https://www.joshuakennon.com/reinvesting-dividends-versus-not-reinvesting-dividends-coca-cola/ https://www.joshuakennon.com/wp-content/uploads/2012/07/Coca-Cola-Stock-with-Dividends-Reinvested-Over-Past-50-Years.png Dividend Aristocrats 2017 Dividend Kings List: Dividend Stocks with 50+ Years of Rising Dividends http://www.suredividend.com/dividend-kin |
| sandjco 648 posts msg #137665 - Ignore sandjco modified |
8/15/2017 3:54:01 PM Thanks Four! Most of us probably started our investment journey with the "buy and hold" mantra or the "stocks are risky; stay away" dogma from parents or friends that were burned or an advisor peddling house funds with trailers or underperforming brands or a broker that well... like a blind squirrel finally finding a nut....i was intrigued by this company making the brains behind that box that had blinking green (or orange or white) cursor that was cooler than a typewriter (MSFT). I haven't looked back to leaving money with "advisors". I was fortunate to have gone thru all of the above! The go go years of the Dotcom era showed me how acquaintances with no clue in any basic investment theories made a boatload of money catching the "trend". Seen some keep it (walked away completely) and some crashed and burned horribly. Hence...I thought...hmmm...If I was able to learn AND control my own emotions....what would be the outcome? Here I am. I've read a few books over time and have been in chatrooms and have spent my share of subscription $$...but I can honestly say....they pale in comparison (mind you, maybe it was necessary for me to go thru that prior journey) with what I have learned here. Not looking for a "holy grail"; I just want to be consistent. Today was a perfect example....XIV should I have sold? It hit my profit target...but not my technical exit target. Should I sell and "hope" to buy lower again OR be "confident" in my entry and let it ride? I'm wanting that thought process to be made with more clarity. So far...I've failed in keeping with the plan of taking the 2% profit or more (like what I have right now) and be happy to re-load. The "sit tight" mentality is winning. I am not sure which one is correct. |
| sandjco 648 posts msg #137689 - Ignore sandjco modified |
8/17/2017 9:58:15 AM XIV Sold position at $83.55 |
| sandjco 648 posts msg #137692 - Ignore sandjco modified |
8/17/2017 10:33:24 AM guess it locks out the edit function after a certain amount of time....  Why did I sell (talking to myself!)? While it did hit my PT target of 2%; I was tempted to hold it or sell half and let it ride. I've been wanting to scale into it by adding more when it broke $88; it never did. I am gonna be away and didn't want to hold it over the weekend. So, really...it was a mishmash of reasons but the only reason that was close to the plan was that it hit my 2% target for the week. For a B&H guy, this is the most difficult part to adjust to (not knowing if it is the right path). Wonder if this is what shils refer to as "spirit that moves me"... ERX, OBE and UCO...to play or not to play...."you do not have to day trade; it is just an illness" |
| sandjco 648 posts msg #137716 - Ignore sandjco modified |
8/18/2017 1:22:12 AM What the Facebook? Not sure if the data on SF is correct...Yahoo doesn't show SPY with a low of $232.33  TNA imploding?  More shaking the tree?  Days like this makes me wonder... - I should add to my plan "do not hold any positions" if you are going away. Sure saved my tush big time today. |
| sandjco 648 posts msg #137721 - Ignore sandjco |
8/18/2017 10:19:59 AM Back in at $73.13 on XIV for 1/5th of the tranche. Contemplating on TNA. But picked to short TZA at $18.40 for a very small position (testing the waters with shorting). Can't really monitor the markets today so I am not 100% certain why i took this trade except for the fact that it showed up on my scans and I'm telling myself to trade the "plan". I haven't caught up on the news nor have been able to tune in to the talking heads. I'll check back 12 PST to see how things are shaping up. |
| Kevin_in_GA 4,599 posts msg #137722 - Ignore Kevin_in_GA |
8/18/2017 12:57:08 PM Lucky break - looks like the markets are going up following the announcement that Bannon may be fired today. XIV up 8% (still down about 8% from Wednesday's close, but you're in the green). |
| sandjco 648 posts msg #137730 - Ignore sandjco modified |
8/19/2017 12:00:25 AM Yep, we may have caught a "lucky" break...however, was not able to sell today as I was happy to see it breach $77...had lunch and when I was about to sell before market closed...I couldn't (lack of cell signal of all things!). So, have to see and "manage" this position on Monday. NOTE to self: maybe an order to sell at a certain price point would have helped.... Trump elected...the market went up despite what I remembered to be the majority of the media predicting that it would be bad for the market due to his "protectionist" leanings. What caused the Volatility to spike on Friday? I couldn't really pinpoint any particular event. Despite the spike in Volatility; none of the big name stocks seem to suffer any material run offs. Bizarre. We are, however, approaching apparently what usually are the 2 crappy months of the year (Sep and Oct). So, maybe...should this bounce up happen, it may be short lived? What info is just "noise"? For a guy like me who likes some semblance of "order" or a "defined" path, this adventure is both exhilarating and perplexing. I have to remind myself "plan the trade; trade the plan"; I have no control over the other variables nor do I pretend to know what will happen next. Ah...this is why I find the markets so interesting. Kinda like trying to understand your spouse! Sort of... |
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