RealMoneyIssues' Account Talk

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Ok, I hated the markets more than usual today...

I thought, considering futures were up, that we would gap up, then be even to even a little down, but positive for the day... I was hoping to put in a break even stop on my TNA trade (42.37) once it dipped and then went back up... I did, and I was almost stopped out. I gave in and cancelled the order thinking the market would slowly go up throughout the course of the day. I was wrong...

I initially set my stop at 42.50, then lowered it to 42.40 before cancelling it all together... I was planning to set it once it went back up above 43 (with ANY conviction) or sell if it dropped below 42.

View attachment 16243

The yellow line is yesterday's close, the red line is the break-even line. We had a Thanksgiving pot luck at lunch so I missed the drop and am glad that it came back up, but for most of the day I was waiting for the dang market to make up it's mind... I know it was OPEX, but seriously... either drop the dang market or show some conviction on your buying...

so

dang

frustrating​

Oh, it's always worse when your on the wrong side of a trade, but seriously... huge swings, and then on a day where you typically swing up...

Ok, I am done, just had to vent...

P.S. This is on my brokerage account, so real money, but my IRA is in TNA at 44.72 so I am not sure if I will keep that as I am no longer convinced this market is going to recover...

P.S. Ignore the attached file since I had to redo it as the numbers were too big...

Post 1994
 
Here is my 2000th post, nothing fancy...

Thanks to TSPTalk and all of it's members for creating such a great community.

Hav a Blessed Day !!
 
Another scary picture:
View attachment 16280

Direct Link:
file.php


Another attempt at better quality:
View attachment 16281

Oh well...
 
Elgallo said:
Low volumn on the recent sell off maybe. Been that way over the last few sessions. But what do I know.........
Click to expand...
All I know is that any strength is sold and any weakness is bought within the day, but there is a huge gap down each day... Bulls and Bears are wimps and letting futures traders determine our market direction...
 
Well, in good old fashion, the bears are selling the strength in the market and now we are starting to lose today's opening gains...

Even though we gapped up, the market couldn't handle it and is now lower than the open. I certainly hope we can maintain the gains for today. That might give hope for tomorrow's market until the next catastrophe out of Europe happens...

I need a fresh supplier of Hopium... this current one is costing me dearly :(
 
RealMoneyIssues said:
Well, in good old fashion, the bears are selling the strength in the market and now we are starting to lose today's opening gains...

Even though we gapped up, the market couldn't handle it and is now lower than the open. I certainly hope we can maintain the gains for today. That might give hope for tomorrow's market until the next catastrophe out of Europe happens...

I need a fresh supplier of Hopium... this current one is costing me dearly :(
Click to expand...

The Guru "Cramer" says that the rally will last thru tomorrow then Europe will take over again. Don't know how accurate he is??????
 
jkenjohnson said:
The Guru "Cramer" says that the rally will last thru tomorrow then Europe will take over again. Don't know how accurate he is??????
Click to expand...
Not very... some people even use him as a contrarian indicator for stocks and the market in general...

Well, I see the markets have regained some ground, so who knows what happened... nothing in the news. Maybe dip buyers saved the day ;) or the markets are reacting to Rep Barney Frank's press conference...
 
So, after the downgrade of US sovereign debt and now the downgrade of many of the worlds' banks; I officially hate S&P...

BOTH downgrades put me at the wrong side of a trade or made a partially bad (not quite at my stop) trade a really bad trade with market gaps...

Sorry, had to vent...
 
China and the Central Banks to the rescue...

So now what do we do... Will the buyers come in seeing a good future and drive the market up or will the profit takers come in and drive it down...
 
RealMoneyIssues said:
China and the Central Banks to the rescue...

So now what do we do... Will the buyers come in seeing a good future and drive the market up or will the profit takers come in and drive it down...
Click to expand...

Sounds about right. I have to ride this darn train. I'm down almost 9% and hope I can at least break even by the end of December.
 
nasa1974 said:
Sounds about right. I have to ride this darn train. I'm down almost 9% and hope I can at least break even by the end of December.
Click to expand...

Heck I'm down over 18% and at the bottom of the tracker...sucks. I hope I can be where you are by the end of December so start climbing out of this crater. My problem is that I ride the downwaves and freak out at the bottom and get out and miss the waves up. I'm not doing that anymore and I'm just leaving my TSP account alone. Everyone tries using charts to predict the future it seems and the chart can't tell that this whole banking thing today was going to make us up 400 points at the open...unless I don't understand something with it. News out of no where that makes the market go up or down can't be predicted using trendlines and candlesticks I don't think lol.

Thankfully the Roth IRA I started a few months back should hopefully be back to around the 5k I started it with if today ends up being a good day.
 
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