Birchtree's Account Talk

Sort by newest Sort by date
Happy Trails said:
No pain no gain (although some on the tracker are managing to avoid the pain so far).
Click to expand...

Happy, nice to be on the right side of the market for a change but just remember there are two parts to these trades. Actually the getting out part may be the easy part, deciding when to get back in can be a real witch especially with only two IFTs a month. If you mess that up you still don't make any money. JMHO
 
I'm speechless with this Fed - all I can say is rock my boat. No interest rate increase until mid 2013 is worth $2M.
 
Scout333 said:
Happy, nice to be on the right side of the market for a change but just remember there are two parts to these trades. Actually the getting out part may be the easy part, deciding when to get back in can be a real witch especially with only two IFTs a month. If you mess that up you still don't make any money. JMHO
Click to expand...

It's impossible to be right everytime - sometimes you just have to jump in and if you lose some, so be it. It can get preety hard if the losing keeps on pounding away like we have been going through recently.
 
Sometimes I trade on luck like today - I have some regret selling my 5 positions yesterday but I couldn't risk more damage going against the electronic machines - if I had stayed pat I would have made up any damage with today's rally, but prudence was the better part of valor. At least I didn't have to waste my 5 in waiting. Tomorrow I'm a buyer again. It's shaping up to be a big V bounce - tomorrow could even be stronger.
 
Birchtree said:
Sometimes I trade on luck like today - I have some regret selling my 5 positions yesterday but I couldn't risk more damage going against the electronic machines - if I had stayed pat I would have made up any damage with today's rally, but prudence was the better part of valor. At least I didn't have to waste my 5 in waiting. Tomorrow I'm a buyer again. It's shaping up to be a big V bounce - tomorrow could even be stronger.
Click to expand...

Sounds good - does your kitty have any insights right now?
 
Mindylou is bored until I polish off my current buy list - then she gets to make up another one. Doug Cass thinks we won't retest - that will create mucho anxiety in those sitting at the station. I gave back serious money yesterday and gained serious money today - tomorrow runs the chance of being explosive to the upside.
 
Wondering where FV is going to plop us down today? You still own Ifund dontcha Birch?? :D
 
I own an 80% position in the I fund and I believe they may still owe me some fv from 8/5. I'm fortunate for doing most of my buying early today. The pain was intense but I survived and could be ahead $400K on the week. There is a big difference between being hit hard and being knocked out. As I'm fond of saying: It's always darker before the dawn. It was dark out there - real dark. And yet, we should have all bought more.
 
If we are currently placing a retest of yesterday then strengthen with a higher low - I'm a buyer big time. Until then I'm on the bench with considerable buying power waiting to see what happens with the French banks. All market rumors about French banks have been denide.
 
I think this selling may be drying up - perhaps some buyers will step up. If we get any kind of a partial rebound from Dow being down -450 I'll step in front of the Grand Trunk and sweep up some golden prices. Perhaps Dimon can spark something to the positive.
 
If anyone is familiar with surgical instruments ( I worked in surgery for a time), I need an army-navy retractor because my butt cheeks are so tight right now. This puppy market has got to turn.
 
Birchtree said:
If anyone is familiar with surgical instruments ( I worked in surgery for a time), I need an army-navy retractor because my butt cheeks are so tight right now. This puppy market has got to turn.
Click to expand...

Birch, believe me, I'm not smirking at the moment. You are the one who pointed to monthly slow-stoch a couple years back dropping below 80 and coming back up. I didn't understand the significance of that back then. I do now. I'm watching monthly slo-sto and also the monthly Wm's %R drop towards 80 very determinedly.

time for me to buy back in will be when I see Wms %R and/or slo-sto monthly hit the 80 mark and come back up. even then my buy in will be incremental. Risk-off for me til then.
 
Birchtree said:
If anyone is familiar with surgical instruments ( I worked in surgery for a time), I need an army-navy retractor because my butt cheeks are so tight right now. This puppy market has got to turn.
Click to expand...

Ha! I was in a situation one time (not a safe one) when a coworker who was along said, "Right now, a jack hammer couldn't drive a needle up my B-hole!"

Lobo :)
 
The market rout today has yet to take out the intraday lows of yesterday for the DJIA and SPX which were at 10604.07 and 1101.54. So for the time being we have higher lows in place unless we tank further. I'm sitting on $260K of potential wall flower power and I want to spend it. But I need the right conditions - so I wait.
 
I'm patiently waiting with my toes resting on the rail - I'm sure the Grand Trunk will eventually pass this way. I need the Dow down less than 200 points and then'll throw good money after bad down the dark cold well. My small caps are saving me today - but the selling remains intense. There can't be that many scared fools out there.
 
You must log in or register to reply here.

Similar threads

TommyIV
  • Article Article
TSP Talk AutoTracker Insights: TSP Investors Lock in Gains
Replies
1
Views
739
tsptalk
tsptalk
tsptalk
Problem with IFTs on Monday morning
Replies
3
Views
373
FireWeatherMet
FireWeatherMet
tsptalk
  • Article Article
The winning streak finally ends as stocks dip to start the week
Replies
0
Views
196
tsptalk
tsptalk
J
TSP beneficiary question
2
Replies
25
Views
1K
nasa1974
nasa1974
tsptalk
  • Article Article
If there is a wall of worry out there, stocks are clearly still climbing it
Replies
1
Views
143
nasa1974
nasa1974
Back
Top