bmneveu's Account Talk

[bmneveu]

One of the best gifts I got today was advice from my ultra-successful uncle on investing and trading

 

[bmneveu]

Bought TZA yesterday right before the close. That should hedge my 100% S fund and then some for today

 

[RealMoneyIssues]

One of the best gifts I got today was advice from my ultra-successful uncle on investing and trading

Oh do share

 

[bmneveu]

Oh do share

I'm young so this may be common knowledge to most, haha. The main thing I took from him was his "trust no one" philosophy. Don't hold anything long-term if it doesn't have a dividend, keep your gold/silver physically with you..

 

[RealMoneyIssues]

I'm young so this may be common knowledge to most, haha. The main thing I took from him was his "trust no one" philosophy. Don't hold anything long-term if it doesn't have a dividend, keep your gold/silver physically with you..

Oh THAT... agree 100%... but then again, I am a trader and can't afford the B&H mentality coming as I am so late in the game...

 

[Show-me]

I'm liking your uncle's comment.

 

[bmneveu]

Oh THAT... agree 100%... but then again, I am a trader and can't afford the B&H mentality coming as I am so late in the game...

I wish I had the patience for buy&hold! Swing trading gives me more of a hands-on approach to learning the game, and it's more fun to me

 

[RealMoneyIssues]

I wish I had the patience for buy&hold! Swing trading gives me more of a hands-on approach to learning the game, and it's more fun to me

I can't afford the meager gains of B&H

 

[bmneveu]

I still have that TZA that I bought near Tuesday's close. I'll be looking to sell it today. Hedged my S fund losses nicely

 

[RealMoneyIssues]

I'll be looking to sell it today.

Why?

 

[bmneveu]

Two down days in a row, don't like my odds of a third. And now the market is reversing to the upside!

 

[RealMoneyIssues]

Two down days in a row, don't like my odds of a third. And now the market is reversing to the upside!

It's just wishful thinking... more downside to come. I am hanging onto my TZA and if the price goes down, I may get more

 

[bmneveu]

It's just wishful thinking... more downside to come. I am hanging onto my TZA and if the price goes down, I may get more

I like your style

 

[bmneveu]

I've been 100% S fund since mid December. If today is up around 1% or more before the deadline, I'll use my first Jan IFT to get out. Currently futures are up well so this is a good possibility.

 

[bmneveu]

IFT'd 100% G fund COB today. Took the melt up and today's bump for a total of over 3% on the year, as long as we close with these numbers. Looking to skip a dip and get back in with my 2nd IFT. May end up staying out for up to 3 weeks due to wedding this Saturday followed by 10 days in Europe Paris, Rome, Barcelona!!

 

[bmneveu]

9th on the AT overall and 3rd if you count ties. Got out yesterday and looking for lower prices to reenter. Excited for my first full year on the autotracker

 

[RealMoneyIssues]

9th on the AT overall and 3rd if you count ties. Got out yesterday and looking for lower prices to reenter. Excited for my first full year on the autotracker

Great move, congrats !!

 

[bmneveu]

Wondering if this is the dip I'm looking to get back in on, or if there are lower prices in the near future.

 

[berline]

purely a guess on my part, but it seem most believe we're headed lower. Who knows where the dollar and oil are headed?

 

[bmneveu]

I got out a little over a week ago, happy with my 3% for the month. Now I can't believe what I'm missing. Well, what goes up, must come down.. right?