Intrepid_Timer's PUBLIC Account Talk

Sort by newest Sort by date
Doubled up on my Fas when it was down 8% this morning. Part of a good trading system is your purchase strategy. In my smaller accounts (< $5000), I go in 100% when I get a signal change because of transaction fees. In my larger accounts I either go in 33%. If the price goes down 5% from where I bought, I buy another 33%. If it goes down 10%, I buy another 33% to put me all in.............................you're basically combining DCAing with trading. Now if I get a quick single change (3 days), I can only sell the original 33% and use that to buy the other direction, which would be either Fas or Faz, so I would be at the mercy of the markets for a day if I'm all in at that point. Luckily, this doesn't happen often....................
 
Intrepid_Investor said:
Doubled up on my Fas when it was down 8% this morning. Part of a good trading system is your purchase strategy. In my smaller accounts (< $5000), I go in 100% when I get a signal change because of transaction fees. In my larger accounts I either go in 33%. If the price goes down 5% from where I bought, I buy another 33%. If it goes down 10%, I buy another 33% to put me all in.............................you're basically combining DCAing with trading. Now if I get a quick single change (3 days), I can only sell the original 33% and use that to buy the other direction, which would be either Fas or Faz, so I would be at the mercy of the markets for a day if I'm all in at that point. Luckily, this doesn't happen often....................
Click to expand...

Great points, it's very hard to trade an account with little money, becuase the cost of the transaction fees eat away your profits. The saying "It takes money to make money" still holds true today.
 
My take is Euro recovery in progress.... then news got ugly.
http://www.marketwatch.com/story/yen-shines-as-dollar-slips-on-us-growth-fears-2010-07-16
 Euro support

At the same time, the euro is benefiting from a number of factors, said Marco Annunziata, chief economist at UniCredit Group.
These include a "paradoxical" situation, he said. Despite the fact that the recovery in the U.S. is clearly more robust than in the euro zone, the Fed "sounds more dovish and seems to be toying with the idea of a renewed wave of quantitative easing, whereas the [European Central Bank] sounds cautiously more optimistic and short-term market rates have tentatively begun to edge up," he said
Investors also appear to be gaining confidence in the policy measures that individual euro-zone governments have undertaken to address the crisis and rein in deficits, while Asian investors appear more comfortable taking on sovereign-credit risk within the euro zone, he said.
The European banks stress tests due for publication next week, however, remain the "make-or-break challenge" for the euro, Annunziata said.

Intrepid_Investor said:
Well that AGG changed quickly. Wonder what that was all about............:confused:
Click to expand...
 
Just made a slight adjustment to my trading system and my TSP system. With this adjustment, I would be going to G fund today and buying Faz. We'll see how it goes going forward...............;)
 
Thanks General, sir...........:D

I do believe that in order to be good trader, you have to continually adjust your trading strategy right along with the market. I don't think a strategy that worked say 10 years ago, would work today with the same results. I think the powers that be, institutional investors or whatever, change up on us occasionally in order to throw us off so we can't "figure it out". I see several people that I respect here, having trouble this year. I think it's because they don't look for adjustments. Once someone gets to the point that they realize that no particular strategy will work forever and always, they'll become a better trader................just "tweek" things a bit once in awhile.............:)

Good luck!
 
Excellent advice.. were I on the other side of the pendulum for the year, I'd be tempted to dive back in. But for now, my plan is to simply preserve capital.
May be a little more daring on the next dip!

Oh, and this "General" is a girl - (The moniker is a quip on the fact that my last name is the same as a well-known WWII general).

:)
 
Intrepid_Investor said:
Thanks General, sir...........:D

I do believe that in order to be good trader, you have to continually adjust your trading strategy right along with the market. I don't think a strategy that worked say 10 years ago, would work today with the same results. I think the powers that be, institutional investors or whatever, change up on us occasionally in order to throw us off so we can't "figure it out". I see several people that I respect here, having trouble this year. I think it's because they don't look for adjustments. Once someone gets to the point that they realize that no particular strategy will work forever and always, they'll become a better trader................just "tweek" things a bit once in awhile.............:)

Good luck!
Click to expand...

Great stuff, I myself have found that not all indicators work all the time, the trick is to know when they stop working and how to adjust them to fit the markets current mood.

I must admit you've been doing awesome, but I do wonder if you are going to get a bit more conservative for fear of losing what you've gained, or a few spots on the tracker?

I guess what I trying to say is the top tracker spot affecting your trading, or are you trading with less fear?
 
The General said:
Excellent advice.. were I on the other side of the pendulum for the year, I'd be tempted to dive back in. But for now, my plan is to simply preserve capital.
May be a little more daring on the next dip!

Oh, and this "General" is a girl - (The moniker is a quip on the fact that my last name is the same as a well-known WWII general).

:)
Click to expand...




Sorry ma'am................:o

http://www.olive-drab.com/gallery/description_0049.php

Hmmmm, I wonder.................;)
 
You must log in or register to reply here.

Similar threads

NewsFeeder
China's Xi and top leaders call for halting real estate decline, responding to public
Replies
0
Views
77
NewsFeeder
NewsFeeder
NewsFeeder
DocuSign chief says company wants to stay public after reports of private equity take
Replies
0
Views
95
NewsFeeder
NewsFeeder
UNIX84
UNIX84 Account Talk
Replies
14
Views
3K
tsptalk
tsptalk
V
Valleymd blog (the international question)
Replies
2
Views
165
tsptalk
tsptalk
NewsFeeder
Online trading platform Webull is set to go public via a $7.3 billion SPAC deal
Replies
0
Views
150
NewsFeeder
NewsFeeder
Back
Top