Mapper's Account Talk

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Mapper

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I guess it is about time to start my own account talk, so here goes.

TSP
At present I am 100% "stuck" in equities. Buying more every pay period, I'll always be contributing to equities. I like this drop for purchasing but wish I had the means to jack my contributions more.

ETFs
I also got "stuck" in some bullish ETFs (TNA, go 3x!!! :sick: ) at the end of July. True to form during the slide 2 days ago I bought a little TZA as a hedge against further bullishness (couldn't help myself)...sadly it was right near the top of the range. OUCH, should have sat on my hands! Not sure what to do with that one yet but figure I can pull the plug if we get another drop that way I'll have some $$$ available for bottom feeding.

Instead of that (above), I should have done the following at an earlier date. Dipped another toe back into TNA this morning to help lower my cost basis, currently $52.86 in one account...I dont' want to even look at the other account where it is somewhere around ~$73. Presently I'm planning to hold in the latter until we move a bit higher while slowly lowering my cost basis if we stay sideways/lower.

Individual Equities
I'll say it, I figured a big drop was coming and I sold a lot of individual equities back in early June. Too soon!!! So sadly, in the meantime, I got bored and started making the above ETF purchases with part of the proceeds. Fortunately I kept a fair bit in cash so I'm currently looking at some opportunities to pick up large cap dividend players once I feel we've found a bottom

There you have it. A lot of moving parts...so it goes when you've changed jobs a few times AND kept contributing to an IRA and taxable account on the side. Currently I'm in the process of consolidating accounts to help alleviate that confusion.

TODAY,
Today is good but with all the whipsaws we've had this week I'm flat panicking about what the last hour might bring.

Cheers everyone, weekend is almost upon us!
 
I'm with you on your TSP and TNA pains. Things will all work out by the end of the year.

Good Luck and let us know how it goes for you!!
 
Since I actually gained, handsomely, on the TNA purchase today, it's tempting to take that off the table, lock the profit and buy a few more shares for tomorrow(or next time, whenever that happens to be).

Or would that be buy a few more shares of TZA tomorrow :blink:

Sold, today's lot only so now I can buy 8% more...next time.
 
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Holding steady in equities on TSP. Like everyone else I expect another drop in the near future but thinking we have some upside left before that happens. I think the panic has subsided ;) and I am thinking more people will see current prices as "attractive" looking at S&P 1230 as upside resistance.

Took another small bite of TNA at $45.70 today. Holding overnight hoping ;) (x2) for another quick 5-10% gain. Slowly working down the cost basis on my underwater position...gonna take awhile!
 
Thanks for the visit rocket man!

Tempted to double down on a few more bullish shares today, helps bring my cost basis down even more. Of course that didn't do me any good in late July/early August. Should I expect anything different today? Decision fatigue definitely taking hold. Yeah, I'm trying to be a grazing bull.
 
Trying to do my part, bought 20% more TNA at 39.91....so let's see some more buyers. Either way I'm OK though still have some powder dry for further purchases and If we go down another 5% I'll sell that (mistake) TZA hedge I bought last week and sink even more into TNA.

If this action keeps up my cost basis will be low enough that a properly sold rally will bring me back above water. Knowing when to sell these little rallies seems to be toughest part. I will say it sure would be nicer if all this work was adding black numbers to my balance rather then reducing the red numbers. Had I sold in late July, when I seriously contemplated doing so...I could be buying a whole lotta bull!

It's still a long way out but I'm starting to see the light at the end of the tunnel.

So the lesson learned is to always keep some dry powder on hand. If I had everything invested I wouldn't be able to take advantage of the continued lower prices. My reserves are shrinking but the purchases keep getting cheaper!
 
Hmmm...
After that opening action I have a sinking feeling today is going to be flat...leaving us with nothing to go on.
I don't know why, but I want movement one way or another!


I also have a sinking feeling that some how, some way I'm going to be eating these words
 
Let it burn! My Birchtree fever has me in the mood for fire sale prices.

My TSP is not allocated well but I feel it will not be long before we get a little back. Not about to let the bear scare me. In the meantime I'm preparing to pile on while the price is nice!
 
Not liking today's early action. I've got one of my TNA positions down to a 46.54 cost basis and my overall cost basis $52.86. I keep them separate because it makes me feel a little better...no logical reason:o

At any rate, with TNA currently sitting at about $47 I'm thinking about making an exit. I've recovered A LOT of ground but I am soooo close to getting back to even that it's tempting to hang on for a little more. Come on bulls, let's see a little buying.
 
Mapper said:
Not liking today's early action. I've got one of my TNA positions down to a 46.54 cost basis and my overall cost basis $52.86. I keep them separate because it makes me feel a little better...no logical reason:o

At any rate, with TNA currently sitting at about $47 I'm thinking about making an exit. I've recovered A LOT of ground but I am soooo close to getting back to even that it's tempting to hang on for a little more. Come on bulls, let's see a little buying.
Click to expand...

got my notes wrong. My overall on TNA is $61.22, crap were a long way away from that. On the fence with this position at 46.54...hoping for a bit more upside before we take another dip. I do believe we'll see another dip so when I sell this TNA position I'll grab some TZA to bring down the cost on my last foolish TZA purchase.

Still swimming upstream for the time being. This training makes me stronger.
 
Ditched a large chunk of my TNA position at $50.04 near the end of the day. When I saw the end of day drop forming I figured I would step to side for a little bit. We edged our way higher the last couple of days but I'm not trusting it yet. Thinking I'll be able to re-enter again at a lower cost but want to see a little directional confirmation before putting that money back to work. Still swimming upstream but getting a little closer

Still holding out steady in equities for TSP. May jump ship tomorrow. If I could have made a move at the close today I would have...we'll see if the noon deadline was to my advantage or not.
 
Turning on the low pass filter; moving from S to C.

I'm thinking the Holiday week and recent gains are leading us to a chop-to-the-top situation in the coming week(s). Personally think there is still some upside but feel a drop coming. I don't think it will be huge but I'm thinking we could see something around S&P 1150 sometime in Sep.

In any case I have one IFT left in August, I expect volatility and think the "top" will be a tough to call. C is the fund I want for this situation.
 
Well I had one to burn yesterday, but I'm not using a Sept IFT for that move. TSP is hanging w/ equities mostly S and a some I.

Bought some TZA just before the close today @ $43.07 as I think the action is confirming a little move down. Thinking this may be 1 day move as I'm not sure I want to hold over the weekend.

Alas tomorrow is another day and will be re-evaluating then. I have made 3 total moves into TZA and my overall cost basis on it right now is at $56.29. I doubt we'll see TZA at that level on this move...but I sure wouldn't mind clearing out that position entirely!! This isn't the way to be playing ETFs but I got all bent out of shape when I was on vacation, literally, during the August drop.
 
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TSP
We dropped but have stabilized a bit today and I'm thinking we will continue to creep up throughout the day. We gapped down big early in the day but I anticipate we fill most of that gap and close relatively flat. This nothing more than a hunch based on the fact that it's the Friday before a holiday and many of the big boys are off somewhere sipping Mai Thais.

I'm feeling as if I should have exited my equities positions before the end of August. The global scene is looking very weak and in the absence of major news here in the US our markets seem to be following the global trend. Monday is holiday here (in honor of the labor movement's support of American workers) but the rest of the world keeps on turning. S&P showed resistance at the 1225 level and I have to agree with CH that the path of least resistance is down. There is a major storm looming in the Gulf which could bring obscene levels of rain to a part of the country that has been stressed by spring floods (Mississippi delta region) and massive drought (TX and OK) where rain is desperately needed but 10-20" at once will be overwhelming. Both regions do not need any more weather induced stress and FEMA is bumping up against financial limitations. Add in the potential post holiday response to the jobs number and overall lots of reasons for equities to slide lower.

It seems everyone is expecting a drop...honestly the fact that everyone is expecting a drop is the only reason I think we may not see a drop. That said, I'm going to stick with the charts on this one and exit equities in my TSP.

Hoping we continue to see some creep up today for my move from 75S 25I to 75G 25F.

ETF
Holding TZA, could still make a nice exit today for decent profit but I've found enough reasons to keep my bear suit on over the weekend.
 
I had to look that up, TZA, kinda thot it might be Tarzania Imports . . . The best laid plans of . . . Yeah, I see, looking at the chart that the mkt was drifting up 10:50 to 11:45, but it has since reversed, and S-fund-wise big time . . . I wish you success. Everyone thot that idiot circus act in Washington would lift the mkt when they finally "did the right thing." Oh no, Mr. Bill, the mkt had assumed that, baked it in; the mkt was ready to cough up a hairball if they didn't -- asymmetrical response, with the heavy stuff going on outside in parallel, mostly unnoticed, the enemy having us fooled and ready to strike while most of us (me) were distracted by that fools' act. OK.

Hmm, that weather system, that will be interesting. We may get a few drops over here to the east. Then I won't have to water my plants.
Yes, as NASA man likes to say, may the force be with us!
I think the mkt goes some more lower start of next week and thinks about where to go from there. Just my two cents.
Good luck. You seem to know what you're doing.

Oh yes, I forgot, and I'm going there in one week. Tarzana. Tarzania is something else.
And while I'm at it, may the Holy One drop an angry tomcat down the pants of my enemies.
Man, look at the drop this is turning into. Yeehaw, just like the good ole days of a couple of weeks ago.
 
Thanks for the visit PB looks like I had that creeping back up bit all wrong. So overall a bad day to exit equities on TSP but moving closer to my break even point on TZA purchases. TSP is my bigger boat right now but if we keep going lower I'll be happy to get an opportunity to clean up this TZA mess I started in early August.
 
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