JTH's Account Talk

[jkenjohnson]

Sniff Sniff... I am so in trouble...

Looks like I may have goofed too. I thought for sure that we would get some sort of rally prior to Friday, with a lot of good earnings coming out. Oh well, it's not my first mistake and won't be my last. It's only money

 

[JTH]

Just for the record, at these levels if one wasn't adverse to risk, I'd be a buyer more than a seller.

 

[PEP]

Just for the record, at these levels if one wasn't adverse to risk, I'd be a buyer more than a seller.

I was thinking of using my last IFT today to jump in S.

 

[jkenjohnson]

I just don't know how far down I want to ride! With everbody spooked by the debt ceiling, there could be a BIG sell off.

 

[RealMoneyIssues]

I was thinking of using my last IFT today to jump in S.

Probably a good move if you think the market can only go up from here... :worried:

 

[jkenjohnson]

Probably a good move if you think the market can only go up from here... :worried:

I think I just proved it does not matter what you THINK.

 

[Birchtree]

There is nothing more exciting than standing in front of the Grand Trunk - what a train wreck.

 

[jkenjohnson]

Just for the record, at these levels if one wasn't adverse to risk, I'd be a buyer more than a seller.

So you're staying in? I thought you were working on an exit strategy.

 

[Talan150]

I am sitting at 20%S.. 30%I.. 50%F and gonna ride it out. Kind of reminds me of wearing a life jacket in the kiddy pool

 

[jkenjohnson]

I am sitting at 20%S.. 30%I.. 50%F and gonna ride it out. Kind of reminds me of wearing a life jacket in the kiddy pool

When did buy in? I am down 2% since yesterday.

 

[Birchtree]

I think you all are experiencing a bear head fake this morning - hitting stops to get you out of this bull market. The bus travels faster with fewer on board.

 

[Talan150]

When did buy in? I am down 2% since yesterday.

Went to this level last Friday (IFT Thursday < noon)

 

[DakotaKid]

JTH can correct me if I'm wrong JKJ, but I believe he is staying in and *hope*ing (or perhaps expecting) a bounce off support. I believe his comment of being adverse to risk was for those (like me) that are sitting primarily on the sidelines - that if he was currently in G, he would seriously consider jumping in on this move down. Again, I could be wrong, but that's the way I understood it. FWIW, I'm jumping in today... I'm in the camp of that thinks they're just playing politics and a deal WILL be made. Regardless, due to it being nearly the end of the month already, I will have an itchy trigger finger to jump out if we get a good bounce - and an eye on the politics in the event I'm in the wrong camp....

 

[JTH]

JTH can correct me if I'm wrong JKJ, but I believe he is staying in and *hope*ing (or perhaps expecting) a bounce off support. I believe his comment of being adverse to risk was for those (like me) that are sitting primarily on the sidelines - that if he was currently in G, he would seriously consider jumping in on this move down. Again, I could be wrong, but that's the way I understood it. FWIW, I'm jumping in today... I'm in the camp of that thinks they're just playing politics and a deal WILL be made. Regardless, due to it being nearly the end of the month already, I will have an itchy trigger finger to jump out if we get a good bounce - and an eye on the politics in the event I'm in the wrong camp....

Yes, that about sums it up. I should also note I am capable of absorbing a significant amount of pain, more so than what others are capable of.

 

[jkenjohnson]

Went to this level last Friday (IFT Thursday < noon)

Oh, you're in a little (don't want to say worse) different position. I did not IFT out before lunch today. Thought about it and decided to stay the course also. Statistically speaking, the market rarely has more than 3 down days in a row, most earnings are positive and I still (think, hope feel, how about deduced) that a rally is due.

 

[jkenjohnson]

I should quit posting so often. JTH probably thinks I'm trying to take over his BLOG.

 

[JTH]

I should quit posting so often. JTH probably thinks I'm trying to take over his BLOG.

As long as the majority of the conversations are about the market and price levels within the TSP funds, I don't mind. One thing I don't do (along with the majority of us) is tell people when to buy & sell. I will give loose advice, but not direct advice. Without having 1st hand direct & intimate knowledge of someone's finances, it wouldn't be right to corrupt my projections unto another.

 

[jkenjohnson]

JTH can correct me if I'm wrong JKJ, but I believe he is staying in and *hope*ing (or perhaps expecting) a bounce off support. I believe his comment of being adverse to risk was for those (like me) that are sitting primarily on the sidelines - that if he was currently in G, he would seriously consider jumping in on this move down. Again, I could be wrong, but that's the way I understood it. FWIW, I'm jumping in today... I'm in the camp of that thinks they're just playing politics and a deal WILL be made. Regardless, due to it being nearly the end of the month already, I will have an itchy trigger finger to jump out if we get a good bounce - and an eye on the politics in the event I'm in the wrong camp....

Just curious, did you jump in Dakota Kid?

 

[DakotaKid]

Yes I did, for good or bad Was already in 30%, went all in COB today.

 

[JTH]

Yes I did, for good or bad Was already in 30%, went all in COB today.

I would be curious to know what BigJohn thought of today as an entry. He's had a very successful and multi-year consistent strategy with down-day-dip-Ifts.