Fasten Your Seatbelts...

[puertorico]

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Thank's Canis ...welcome:^



....see nascaq and s&p500 in the year low.

That kind oflow is a temptation...

 

[Guest]

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LOL, thanks for your concern. Up 10% for the year. I don't need your pity. :!

 

[canis-d]

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Haha, fair enough.

To each his own; I wish you all well, but the day to day stomach grinding (at least for me) just isn't worth it.

I follow a simple, long-term plan for my retirement funds that only sticks with the major trends (3-4 trades per year, generally)and am up more than 10% for the year without having to watch every day.

Best wishes, and keep on hoping! Just don't give yourself an ulcer.



Canis-D

 

[Guest]

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I bought stock in Rolaids.

 

[canis-d]

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rico,

Sure, it is a temptation... but in about July 03 when the Nasdaq was at a 12 month high were you looking to sell?

I certainly can't see into the future, but just as the markets continued to rise well past July 03, just because we're at or near a 12 month low doesn't mean it can't go lower!

Really, being at a 12 month low is generally a sign of weakness, not strength! Just as being at a 12 month high is generallya sign of strength, not weakness. Of course, at the extreme highs and lows there is also the fact that the psychology of market participants push things too far, but I don't know that we can say that we're at those extreme lows now.

But anyway... go with what works for you!



Canis-D

 

[Rod]

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canis-d wrote:

Haha, fair enough.

To each his own; I wish you all well, but the day to day stomach grinding (at least for me) just isn't worth it.

I follow a simple, long-term plan for my retirement funds that only sticks with the major trends (3-4 trades per year, generally)and am up more than 10% for the year without having to watch every day.

Best wishes, and keep on hoping! Just don't give yourself an ulcer.



Canis-D

So, what's your current TSP allocation?

 

[puertorico]

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Canis I respect everybodies ,welcome all kind of advice...

If a knew tha market were going down Iwere getting out jun 25

Dow was at 13.63 but I become too greedy.I suposed to play,

in the top to grap the profit."hope next time to be more educate"

and keep my limit up."NOT EASY WHEN MARKET LOOK GOOD"

sUre I will read u and all post ,in the final I will do my own choice

NOw Im looking for a sell-off today and see tomorrow the green...:^

I feel like some kind of bottom too.sooner than later so I already

buyed some stock and add more litle by little.Of course there more

room to go down but will still bye more in a low price.

That my game plan...:^

 

[tsptalk]

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canis-d wrote:

Are you guys trying to move your retirement money in/out on a daily basis?

Take a look at the daily or weekly charts... we're in a clear downtrend; don't fight it and wait for a clear turnaround. I feel for you people that are clinging to hope and trying to pick a bottom.

The weekly uptrend starting last April has clearly broken down. When we do turn around there will be plenty of upmove left after the turning point is shown. Please don't keep trying to catch a falling knife when it comes to your retirement savings!

Canis-D

Hello Canis-D. Thanks for joining us. I do think your strategy is a sound one. Fewer transfers watching the main trend is a great adea. The only problem I have is that in late April, when you could say the uptrend ended, the S&P 500 was not much higher than it is now and we had an explosive rally to near new highs right after it (~ 1095 to ~1150). I didn't play it too wellbut their was money to be made for someone whose timing was better than mine. For this "downtrend" to end, the S&P will have to climb to about 1140 or almost 80 points from where we are now. That's a big chunk to miss. I would stake my reputation (which isn't worth much at this point :shock on the next 80 point move being up, rather than down.

I wish you all well, but the day to day stomach grinding (at least for me) just isn't worth it.

To most people that is a true statement. But it is like telling an avid gardner that it is easier tobuy tomatos at the grocery store. Most of us hereenjoy following the market. It fills our otherwise pathetic lives.

Tom

 

[Guest]

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Well it's Friday the 13th. What do you bet with the way things are going, we get a bounce up today? Or perhaps a big drop.....................:end:

Futures are up this morning, so let's hope for the best.:^

 

[Rod]

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mlk_man wrote:

Well it's Friday the 13th. What do you bet with the way things are going, we get a bounce up today? Or perhaps a big drop.....................:end:

Futures are up this morning, so let's hope for the best.:^

My gut tells me we'll see some green, but not a lot.

 

[Frizz B.]

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I love this comment, thanks Tom, fo true
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But it is like telling an avid gardner that it is easier tobuy tomatos at the grocery store. Most of us hereenjoy following the market. It fills our otherwise pathetic lives.
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In Oregon, we have video poker, Casino's, Football gambling, so for some of us with a pathetic life, I do like to gamble, almost to much, this is a way to fill my pathetic life and enjoy. It has also helped me stay away from the other gambling, where I was losing to much. :dude:

 

[tsptalk]

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Frizz B. wrote:

In Oregon, we have video poker, Casino's, Football gambling, so for some of us with a pathetic life, I do like to gamble, almost to much, this is a way to fill my pathetic life and enjoy.

I think that is very common among traders. One thing Alexander Elder stresses in "Trading For A Living",is tonot let trading be your entertainment.

So keep gambling in those casinos. It will help your trading.

 

[canis-d]

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Thanks for the response, Tom.

I'm not trying to 'knock' what anyone is doing, and I certainly understand the entertainment value to watching and trying to time the market. I guess the important thing is whether or not your balance is higher or lower at the end of the year/month/etc.

I've tried 'timing' the market based just on my own gut feelings, by the obvious 'it is SO LOW/HIGH it HAS to go UP/DOWN', etc. and other emotional methods and/or indicators. The problem is that it is so easy to become 'married' to a position (ie. the type of thing that makes one say 'but I'll bet the next 80 point move will be up rather than down'!)

Someone earlier asked me what my TSP allocation was. I actually came across a link to this site while searching for something else and do not have a TSP. However, my retirement plan's 'core options' appear to be similar in nature to those that are listed here.

Good luck to all of you!



Canis-D

 

[Rod]

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Rod wrote:

mlk_man wrote:

Well it's Friday the 13th. What do you bet with the way things are going, we get a bounce up today? Or perhaps a big drop.....................:end:

Futures are up this morning, so let's hope for the best.:^

My gut tells me we'll see some green, but not a lot.

Some green it is. But we have a ways to go.

 

[tsptalk]

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canis-d wrote:

I'm not trying to 'knock' what anyone is doing, and I certainly understand the entertainment value to watching and trying to time the market. I guess the important thing is whether or not your balance is higher or lower at the end of the year/month/etc.

Not a problem. I didn't take it as a knock. We have this discussion oftenhere and I think we have all learned a lot by hearing both sides.

Good luck to you too!

 

[Rod]

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C'MON BABY!!!

SHOW THOSE OF US WHO ARE STILL INVESTED THE GREEN!!!:^

 

[Guest]

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Not quite 2%, but I'll take 1.5%. :^

 

[Rolo]

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tsptalk wrote:

We have this discussion often here and I think we have all learned a lot by hearing both sides.

Amen to that!

...especially when I think, "If I were Azanon and he were me, I would be saying 'I told you so!'" lol

 

[Guest]

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Looking like another another up day!!

 

[puertorico]

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:^way up folks:^



I have a question here ?

"Friday 20 start option week "

tHat means market go down ?or not always ?