JTH's Account Talk

[JTH]

It's been boring watching my positions flounder around aimlessly, it's nice to be in the solid green.

 

[JTH]

New year-to-date high for the Wilshire 4500

View attachment 26327

 

[JTH]

Over several time horizons op-ex week in December has been the most bullish week of the year for the SPX. The positive seasonality actually has persisted for up to 3 weeks. Below are the results since SPX options began trading in 1984. I have shown this table every year since 2008, and have updated the results again this year.

 

[JTH]

11 Dec 2013 - Bought SPXL @ 56.96 (added to position)

4 Dec 2013 - Took a position in SPXL @ 57.64

20 Dec 2013 sold SPXL @ 60.56 (this was an a accident, I forgot to raise the limits last night)

View attachment 26344

 

[Bquat]

JTH, since you is here, is this a triple top breakout of the S&P?

 

[JTH]

JTH, since you is here, is this a triple top breakout of the S&P?

Once we hit 1820 it will be official

View attachment 26347

 

[Danny]

Once we hit 1820 it will be official <img src="http://www.tsptalk.com/mb/attachment.php?attachmentid=26347"/>

What does this indicate?

Thanks
Danny

 

[Kaufmanrider]

What does this indicate?

Thanks
Danny

Buy.

A triple top breakout is similar to a double top breakout except that the price at which the breakout occurred is a price that the chart retraced from two times before. This implies that the price level is a more significant area of resistance (area where sellers are willing to sell the stock and create supply that outstrips demand) than what is seen on a double top. The breakout above this level implies that the buyers are now creating more demand than there is supply and therefore the prices are breaking out.

 

[Danny]

Buy. A triple top breakout is similar to a double top breakout except that the price at which the breakout occurred is a price that the chart retraced from two times before. This implies that the price level is a more significant area of resistance (area where sellers are willing to sell the stock and create supply that outstrips demand) than what is seen on a double top. The breakout above this level implies that the buyers are now creating more demand than there is supply and therefore the prices are breaking out.

Thanks, like a bull flag breakout... I've been for a while, so yippie!

Danny

 

[JTH]

Buying into the pain

11 Dec 2013 - Bought TNA @ 67.05

View attachment 26234

20 Dec 2013 Sold TNA at 73.84 (limit got hit)

View attachment 26355

 

[CrabClaw]

nicely done!

 

[JTH]

nicely done!

Thank you, it was tough to stick it out, had to think like Birchtree to keep from losing my pants...

 

[CrabClaw]

Good job sticking it out. I am in TNA for the last couple weeks as well and the ride has been bumpy.... to say the least.

 

[JTH]

11 Dec 2013 - Bought CURE @ 64.59 (added to position)

20 Dec 2013 - Slimed down CURE @ 67.43 (I have not been happy with my entry and its performance, so I'm lightenning up the position)

View attachment 26357

 

[JTH]

Some advice needed

I noticed when I sold a small portion of my share in Cure, it sold part of the 1st position I bought, that 1st position was upside down so I ended up taking a loss. If I had sold the last position I bought I would have taken a gain. It appears my ROTH IRA is setup as FIFO (First in first out.) I'm looking at my tax profile and it appears I can change the settings, will changing the settings alter my tax bracket, do I even care since it's a ROTH IRA?

For 2014 I plan on remaining invested, but scaling in and out of the trades (scalping the tops & bottoms while maintaining an overall position.) Can you recommend the best setting for this? Am I even making any sense here?

View attachment 26361

 

[Birchtree]

Nothing in a Roth IRA goes to the IRS - that's the beauty of no paper work to be reported. I wouldn't worry about the designations.

 

[Boghie]

JTH, the beauty of the Roth is that all of your taxes are taken out before you invest. There are no tax consequences for any type (allowed) within a Roth. Just like TSP, 401(k) or IRA.

I am going to start funding a Roth (IRA or TSP, I don't know yet) this year. I can use those assets to keep my taxable income down during the golden years...

Enjoy!!!

 

[JTH]

Nothing in a Roth IRA goes to the IRS - that's the beauty of no paper work to be reported. I wouldn't worry about the designations.

JTH, the beauty of the Roth is that all of your taxes are taken out before you invest. There are no tax consequences for any type (allowed) within a Roth. Just like TSP, 401(k) or IRA.

I am going to start funding a Roth (IRA or TSP, I don't know yet) this year. I can use those assets to keep my taxable income down during the golden years...

Enjoy!!!

Thanks guys, I know the ROTH is tax-protected (for now) it's just weird how USAA sets up a default tax strategy of FIFO (first in first out) within a ROTH IRA.

I've changed the settings to LIFO (last in first out) this way I can maintain the core position (buy & holding) while playing smaller positions around the core (satisfying my lust for trading.)

 

[JTH]

Good morning

I may take some S-Fund gains off the table today.

 

[Danny]

Can you elaborate?

Thx,
Danny