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Market is Closed Today
- Thread starter tsptalk
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highplains
New member
imported post
I want to take this breather (since I have retreated to 100% G fund) to thank everyone again for sharing so much information. I am learning a lot. I for one have a low threshold for loss and wish these funds were not based so much on the avarice and manipulation of some very wealthy people, but on the other hand, I love when the profits amass in my own account. I thought it was brave of us all to commit to 100% C fund yesterday, reminded me of lemmings united. But the human aspect of this site makes it fresh and worth the time. I have become kind of addicted to checking the message board. I know this is an economic webpage, but there are threads of psychology through everyones posts and often it is though the intuitive feelings these provoke for me that have helped me make my best interfund transfers.
I hope everyone has a peaceful weekend and that we all make a bundle in the coming year.
I want to take this breather (since I have retreated to 100% G fund) to thank everyone again for sharing so much information. I am learning a lot. I for one have a low threshold for loss and wish these funds were not based so much on the avarice and manipulation of some very wealthy people, but on the other hand, I love when the profits amass in my own account. I thought it was brave of us all to commit to 100% C fund yesterday, reminded me of lemmings united. But the human aspect of this site makes it fresh and worth the time. I have become kind of addicted to checking the message board. I know this is an economic webpage, but there are threads of psychology through everyones posts and often it is though the intuitive feelings these provoke for me that have helped me make my best interfund transfers.
I hope everyone has a peaceful weekend and that we all make a bundle in the coming year.
imported post
Good post highplains. The psychology of this isvery interesting indeed and there have been many books written on the subject. If you ever want to get to know yourself, I recommend doing two things: Try daytrading and play poker. Both are great tests of character. Assuming you have a knowledge of "the games", how you react when things are not going your way can be the difference between winning and losing.Actually daytrading (outside of our TSP accounts) has a lot moreobstacles, but you can be your own worst enemy in both.
A couple of things I learned the hard way (and I would bet anyone new to this will have to learn the way) is always be humble. Never brag about gains (or wins in poker) and don't whine about loses. Once you bring your ego into the mix, you bring yourself another obstacle. Your ego will lose more money for you than any other influence. Like I said, daytrading has a lot more obstacles (commissions, slippage and the fact that you are going against very intelligent traders and market makers trying to take your money). We don't really have that problem with our TSP accounts so your ego is your main enemy. I suppose that is one reason why someone would rather buy and hold. You don't have to face yourself.
I could talk all day about this stuff because as much as I was unaware of it's effects early on in life, Iconsider it now in almost everything I do.Attitude is everything.
Good post highplains. The psychology of this isvery interesting indeed and there have been many books written on the subject. If you ever want to get to know yourself, I recommend doing two things: Try daytrading and play poker. Both are great tests of character. Assuming you have a knowledge of "the games", how you react when things are not going your way can be the difference between winning and losing.Actually daytrading (outside of our TSP accounts) has a lot moreobstacles, but you can be your own worst enemy in both.
A couple of things I learned the hard way (and I would bet anyone new to this will have to learn the way) is always be humble. Never brag about gains (or wins in poker) and don't whine about loses. Once you bring your ego into the mix, you bring yourself another obstacle. Your ego will lose more money for you than any other influence. Like I said, daytrading has a lot more obstacles (commissions, slippage and the fact that you are going against very intelligent traders and market makers trying to take your money). We don't really have that problem with our TSP accounts so your ego is your main enemy. I suppose that is one reason why someone would rather buy and hold. You don't have to face yourself
.I could talk all day about this stuff because as much as I was unaware of it's effects early on in life, Iconsider it now in almost everything I do.Attitude is everything.
imported post
Not yet NatX. I'm watching Thursday's highs on the S&P 500 (~ 1149) and Dow (~10590) to see where the market wants to go. They are still below those levels.
It sure seems like it wants to go higher but it started out the same way Thursday so I'm watching for now.
Tom
Not yet NatX. I'm watching Thursday's highs on the S&P 500 (~ 1149) and Dow (~10590) to see where the market wants to go. They are still below those levels.
It sure seems like it wants to go higher but it started out the same way Thursday so I'm watching for now.
Tom
puertorico
Member
imported post
I will jump and taste the water a little bid
from 100-g to 35-g 35-c and 30-s
I may be wrong ,but I gonna play the game:shock:
I will jump and taste the water a little bid
from 100-g to 35-g 35-c and 30-s
I may be wrong ,but I gonna play the game:shock:
puertorico
Member
imported post
iTS confirmed,I pulled the trigger:?
iTS confirmed,I pulled the trigger:?
oGTOpuertorico
Member
imported post
I'm traying to catch a falling knife:shock:
I'm traying to catch a falling knife:shock:
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