bmneveu's Account Talk

[RealMoneyIssues]

Right on. It just seems if I go 100% in on TNA and sell in a couple days with J's system going short I cannot buy into TZA for a couple days after I sell my TNA so I miss out on that trade. I've usually just been buying one or the other and missing the next signal because of it.

Split your account into thirds and only trade one third each day if there is a signal.

You can add to a losing position if you trust the source of the signal
You can do nothing and wait for the next signal
You can add to a winning position if you think the signal will continue

Just my thoughts

 

[MaStA]

Split your account into thirds and only trade one third each day if there is a signal.

You can add to a losing position if you trust the source of the signal
You can do nothing and wait for the next signal
You can add to a winning position if you think the signal will continue

Just my thoughts

Valid points. I like the idea of adding another $3,000 to it the most haha. I love it when I make $150+ in a day or two by clicking a button. My CAT stock that I bought on Thursday soared on Friday. Made me pretty happy. Let's hope the analysts are right and it continues to rise.

 

[jkenjohnson]

One way around that is to use half positions (or slightly less than half, to leave some buffer room). So if you're trading with $1k, buy into TNA with $500 or less. This will still leave you with $500 of buying power for the next signal. Sometimes doing that will give you the feeling that you're leaving profits on the table because J's system is so successful. But I think it's more important to have the ability to follow the signals consistently than maxing out on one trade then skipping the next. Either way though, I'm sure you'll do fine if you're following J!

When you refer to J are you talking about the Jtrader site?

 

[MaStA]

When you refer to J are you talking about the Jtrader site?

Yes, we are.

 

[jkenjohnson]

Yes, we are.

Thanks, That's what I though but wasn't sure.

 

[bmneveu]

Dude, you got hosed by the i fund news cycle. Had it locked up just a few days ago. Then out of the blue...

I can't imagine being so close two in a row, them coffee cups have been driving me crazy for the last 3 years. Yeah, that's it, it was the coffee cups.

UGH I know.. but good for all those that made some sweet cash on the spike. My last few moves haven't been timed very well. Sold my longs too early, then my shorts too early. I'm not losing money, but not netting nearly as much as what's being handed out. I will be utilizing the C fund when I get in next time though, I know that much. I may bounce from F to C, or the other way around, at some point this month. I don't care to mess with I, and S is under performing C nearly every day.
Trading account is in cash. I'll probably keep trading TNA/TZA while oil stays in this $90~ limbo area. If oil gets near $80 again I may leverage a long position, or short around $105. Not sure if I trust Gold or Silver right now. Don't know enough about the other commodities to make educated trades.

 

[bmneveu]

Almost made an IFT but realized contributions will be going into S today so I'll let that play in the market for a bit. Also just found out a few minutes ago I may not be around for the next month starting pretty soon. Don't wanna be in without eyes on. We'll see.

 

[bmneveu]

Bought a half position of TNA @ 47.93 near the close. Shoulda bought in mid day. Small caps out performed large caps today. Could the tide be turning again?

 

[RealMoneyIssues]

Bought a half position of TNA @ 47.93 near the close. Shoulda bought in mid day. Small caps out performed large caps today. Could the tide be turning again?

Yup, I re-entered on a whim at 47.35 so I guess we have to see what happens...

 

[bmneveu]

Yup, I re-entered on a whim at 47.35 so I guess we have to see what happens...

Ah you got a good price!

 

[RealMoneyIssues]

Ah you got a good price!

Yeah, quick trade between meetings...


Shhh, don't tell anyone

 

[novice]

We are thinking the same way. I bought a full load position at 47.25. Hoping for a really good day.

 

[bmneveu]

Sold @ $51.27 for.. A lot

Edit -- And then bought a half position in TZA @ $18.46 right after. Maybe a trickle sell off?

 

[bmneveu]

100F COB Today

 

[bmneveu]

F is up along with C/S/I. Which is correct, and which needs correcting?

 

[Warrenlm]

Mr. Birchtree how about an update on your jousting colleague Caymanbrac12? Hear anything? Or did I just miss it?

 

[bmneveu]

time to head back down?

 

[clester]

Yes..... Well, I think so but Europe is playing all the cards.

 

[bmneveu]

Think I'll be adding to my shorts today, via TZA

Edit -- $17.34 on the addition

 

[MaStA]

Think I'll be adding to my shorts today, via TZA

I've really been considering buying some TZA. My Individual account is sitting in cash other than a couple of old stocks I bought that completely sucked, but I just let them ride the waves now since it is too late to change anything lol. They were actually the first two stocks I ever bought. I've learned since then. With how the news has been driving a lot of the market I haven't felt comfortable following any system and I just try going with a gut feeling which I'm glad I did since TZA didn't turn out the way a lot of people had hopes these last few days.