JTH's Account Talk

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I can smell the stench of desperation, I realize some folks are itching to get into these markets. I'll only say this isn't a risk/reward setup I'd recommend within the TSP timeframe. I could be 1-2 days away from issuing a buy signal, but we ain't there yet and a bad entry can bleed you dry. Learning how to sit on your hands is an excellent lesson and should be the first one every investor learns.
 
JTH said:
I can smell the stench of desperation, I realize some folks are itching to get into these markets. I'll only say this isn't a risk/reward setup I'd recommend within the TSP timeframe. I could be 1-2 days away from issuing a buy signal, but we ain't there yet and a bad entry can bleed you dry. Learning how to sit on your hands is an excellent lesson and should be the first one every investor learns.
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I forgot to mention. I would like an entry at W5400 693 or below & SPX 1307 and below.
 
JTH said:
I can smell the stench of desperation, I realize some folks are itching to get into these markets. I'll only say this isn't a risk/reward setup I'd recommend within the TSP timeframe. I could be 1-2 days away from issuing a buy signal, but we ain't there yet and a bad entry can bleed you dry. Learning how to sit on your hands is an excellent lesson and should be the first one every investor learns.
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Don't get too sunny and optimistic on me now JTH. You'll force me to go to birchtrees thread if you keep it up.
 
FAB1 said:
Don't get too sunny and optimistic on me now JTH. You'll force me to go to birchtrees thread if you keep it up.
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Hey now I've given everyone 2 weeks of fair warning, if you're in this market your trading against me, sucks to be you :cheesy:
 
Appatite said:
Man I hope it doesn't.
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I know this might sound a little weird and I know it's used frequently within the forum. The word "hope" is not a word any of us should be using when we talk about the markets and our positions. It's a dirty 4-letter word that implies a lack of conviction or belief. I've noticed certian folks who aren't doing well tend to use this word often, like I said I'm weird like that, I've grown to dislike this word.
 
JTH said:
I can smell the stench of desperation, I realize some folks are itching to get into these markets. I'll only say this isn't a risk/reward setup I'd recommend within the TSP timeframe. I could be 1-2 days away from issuing a buy signal, but we ain't there yet and a bad entry can bleed you dry. Learning how to sit on your hands is an excellent lesson and should be the first one every investor learns.
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Journal Entry 7/14/2011: I've been in S funds for a few months now and I finaly got out with a minor profit. Lesson 1 learned.
 
JTH said:
I know this might sound a little weird and I know it's used frequently within the forum. The word "hope" is not a word any of us should be using when we talk about the markets and our positions. It's a dirty 4-letter word that implies a lack of conviction or belief. I've noticed certian folks who aren't doing well tend to use this word often, like I said I'm weird like that, I've grown to dislike this word.
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Yea I used that word too often but you be learning me. Lessen 3 cut down or don't use the word hope in market discussion.
 
JTH said:
I know this might sound a little weird and I know it's used frequently within the forum. The word "hope" is not a word any of us should be using when we talk about the markets and our positions. It's a dirty 4-letter word that implies a lack of conviction or belief. I've noticed certian folks who aren't doing well tend to use this word often, like I said I'm weird like that, I've grown to dislike this word.
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Bquat said:
Yea I used that word too often but you be learning me. Lessen 3 cut down or don't use the word hope in market discussion.
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It's not so much the word, it's more the emotions behind the word. I try to invest from a logical Spock-like perspective. The Market is emotional, therfore the investor should be the one to balance out the emotions with rational logic.
 
JTH said:
It's not so much the word, it's more the emotions behind the word. I try to invest from a logical Spock-like perspective. The Market is emotional, therfore the investor should be the one to balance out the emotions with rational logic.
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Would it be OK if I used WISH instead, or is it banned too?
 
nnuut said:
Would it be OK if I used WISH instead, or is it banned too?
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Hope, Wish, Luck, those are all words used to justify a bad position, so yes they are nixed. I knew I'd get a rash of poo poo over this...
 
OK we all WILL use EXPECT from now on.
expect, anticipate
evaluate, pass judgment, judge
 
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