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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
MrJohnRoss
Well-known member
Yeah, I hear you. And it seemed like AAPL was it's own market... no matter what the market did, AAPL just kept on ascending steeper and steeper.
Perhaps the story I linked to yesterday about AAPL and PCLN are coming to fruition.
BTW, I noticed you're SS system is at the top of the tracker. Good job!
jkenjohnson
Active member
Maybe we will have a 2pm sell off
Thankfully I only bought 100 units of TZA so the pain isn't too bad currently. Can the uptrend continue...we shall see tomorrow.
What was the cost basis for your TZA? Just curious.
MaStA
Member
I bought mine at 19.85, but seeing how fast this ETF can change it isn't too bad as of right now...if tomorrow is a down day I could easily get back my losses today and maybe more it seems.
MrJohnRoss
Well-known member
Even J-Trader is calling to short the market. Maybe we're in good company.
J-Trader's Market Analysis
On the other hand, this market looks VERY strong today. (These are the conversations I'm having in my head.) :blink:
RealMoneyIssues
Well-known member
MaStA
Member
Yeah I started reading his blog a couple weeks ago which is where I found out RMI was hurting in TNA. All is well, I'm going to hang on to my TZA and hope for the best tomorrow. To me this is all a learning experience still.
Is there much different going short in TNA and investing in TZA? Seems like they do about the same thing...
MrJohnRoss
Well-known member
There should be only minor differences, much like there are minor differences in the % gain (and loss) in TNA / TZA. In an ideal world they would be exact opposites. But they're not.
I tried following J-Trader's advice for a few weeks, but after two failed trades, I gave up. I'm pretty good at doing that on my own. His longer term track record looks good - perhaps I didn't give him enough time.
You might want to paper trade with him for a while before you commit serious money to his system. Just my 2 cents.
MaStA
Member
Well I haven't started following him or anything. I've just been reading the blog and seeing what others have to say. This TZA purchase was my first ETF purchase ever. I have a bad feeling if Google's earnings report is amazing the markets are going to sky rocket again tomorrow...hmm...
Another cool feature of OptionsHouse is they give you a virtual account to mess around with and it starts with $5,000. I guess I could follow his system with the virtual account and see how it pans out. If it works out well I'm going to smack my head on my desk for not putting real money into it lol.
MrJohnRoss
Well-known member
If the paper trades go good, it should give you confidence in his system. But if you're $5k paper trades turns in to $1k, at least you haven't lost any real $. Don't smack your head! Hopefully your real trades go as well as your paper trades!
MaStA
Member
I need to start learning what makes a company a good company to invest in. I see people talk about P/E ratios and all, but I don't know what that stuff means. So much to learn...I'll probably lose all of my money to invest before I learn how to invest it at my pace haha.
MrJohnRoss
Well-known member
It's okay to take baby steps. You might want to decide early on which way you tend to lean. Fundamentals (i.e. P/E ratio's, dividends, etc.) or Technicals (i.e. Stochastics, Candlestick patterns, etc.). Find what interests you, and go with it. There are plenty of good, basic books on investing to learn from.
It would be good to understand both, but you might find that you have a stronger interest in one vs the other. Neither one is "right" or "wrong".
Just some friendly advice.
It would be good to understand both, but you might find that you have a stronger interest in one vs the other. Neither one is "right" or "wrong".
Just some friendly advice.
MaStA
Member
It's okay to take baby steps. You might want to decide early on which way you tend to lean. Fundamentals (i.e. P/E ratio's, dividends, etc.) or Technicals (i.e. Stochastics, Candlestick patterns, etc.). Find what interests you, and go with it. There are plenty of good, basic books on investing to learn from.
It would be good to understand both, but you might find that you have a stronger interest in one vs the other. Neither one is "right" or "wrong".
Just some friendly advice.
Thank you as always.
MrJohnRoss
Well-known member
Google Beats Earnings Estimates - Plans to Split Stock
"... Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the No. 1 Web search engine, as it posted revenue in line with estimates.
Investors welcomed the first quarter revenue of $8.15 billion after the company's rare miss in the previous quarter.
Shares of Google, which finished Thursday's regular session at $651.01, rose 6 percent to $655 in after-hours trading.
Google said its board of directors has approved a dividend of stock to existing shareholders that it calls a 2-for-1 stock split, preserving its corporate structure. ..."
"... Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the No. 1 Web search engine, as it posted revenue in line with estimates.
Investors welcomed the first quarter revenue of $8.15 billion after the company's rare miss in the previous quarter.
Shares of Google, which finished Thursday's regular session at $651.01, rose 6 percent to $655 in after-hours trading.
Google said its board of directors has approved a dividend of stock to existing shareholders that it calls a 2-for-1 stock split, preserving its corporate structure. ..."
MrJohnRoss
Well-known member
... and right after I posted the Google report, I realized they made a mathematical error. Anyone see it??? 
MaStA
Member
... and right after I posted the Google report, I realized they made a mathematical error. Anyone see it???
Did they mean .6%?
MrJohnRoss
Well-known member
Ding ding ding!!! Winner winner, chicken dinner! :laugh:
MrJohnRoss
Well-known member
Doing the Roth Arithmetic - Casey Research
"... It's clear to me, even though it may not be clear to you, that unless there is something very unusual about your situation, if you have a traditional IRA, you should pay the tax now and convert it to a Roth IRA. Not just maybe, but definitely. Not just for a small advantage but for a big one. If you don't convert today, you'll ultimately surrender much more to the tax collector. You'll be throwing money away. And you'll keep throwing it away. It's a result neither of us wants. ..."
"... It's clear to me, even though it may not be clear to you, that unless there is something very unusual about your situation, if you have a traditional IRA, you should pay the tax now and convert it to a Roth IRA. Not just maybe, but definitely. Not just for a small advantage but for a big one. If you don't convert today, you'll ultimately surrender much more to the tax collector. You'll be throwing money away. And you'll keep throwing it away. It's a result neither of us wants. ..."
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