jkenjohnson
Market Veteran
- Reaction score
- 24
Being a contrarian can be powerful. I would not use it as my only tool though.
I would not be surprised to see you in the top ten in March. Your sytem is working well.
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Being a contrarian can be powerful. I would not use it as my only tool though.
Yeah, I did that with my 2011 trades last year. In my case the reversed trades would have lost over 4% instead of the 3% I actually did lose. That's basically 50:50 which doesn't buy you anything. Your contrarian trades are much better due to the bigger loss, but I'm afraid it would fail you if you tried to make a system out of it. There would be too much double/triple/quadrupal guessing yourself like the smartest man in the word in "The Princess Bride."Well, I went back and reversed all my IFTs but my first move this year and guess what... If I had used myself as a contrarian indicator, I would be up 8.19% in my TSP (didn't calculate what my IRA would be at because I didn't want to cry) instead of less than the G-Fund...
Looks like they are pushing to get people off the sidelines and into the market...
Well, here come the sheeple...
And now, the AT graph:
View attachment 22794
Good news!!! I am positive for the year!!!
I am right there with you. I could kick my own arse for missing out on this rally. Looks like there is no end to it.
Well, I went back and reversed all my IFTs but my first move this year and guess what... If I had used myself as a contrarian indicator, I would be up 8.19% in my TSP (didn't calculate what my IRA would be at because I didn't want to cry) instead of less than the G-Fund...
I guess I thought the market would not have kept going up and up... once again, trying to fight the fed...
Of course, if I had used myself as a contrarian indicator, I would be in S right now enjoying more gains...
This is the reason why I am taking time to reflect on what I need to do for the future, because what I am doing now isn't working.
Looks like we'll enjoy kicking ourselves even more today. :'(
Yup, good jobs report and markets heading more up. Looks like more upside. I may go S today, too late, but better than missing even more upside...
No pull backs in sight :nuts:
Not sure I would chase it now. My two cents worth.
Hmmm, I vaguely remember saying that at the beginning of Feb... that didn't do me much good...
Yeah, I kept holding off chasing the market last year but finally gave up in March only to buy high and sell low.Hmmm, I vaguely remember saying that at the beginning of Feb... that didn't do me much good...
March hurt me as well. I think this year we may last untill July to crack. Whenever we do it will be a doozy. We will eventually pay for the big rally. Something along the lines of last march.Yeah, I kept holding off chasing the market last year but finally gave up in March only to buy high and sell low.![]()
That's what I'm afraid of. I don't have the sticky pants to last until July. I got burned in May the last 3 years so I'm definitely leaning toward a Sell-In-May approach this year.March hurt me as well. I think this year we may last untill July to crack. Whenever we do it will be a doozy. We will eventually pay for the big rally. Something along the lines of last march.
Here's the hard part. When it's time to buy it will feel terrible with lots of anxiety and you'll say. no way am I buying here. Just do it. Take a 100% C position and don't look back for the next several years. What is perhaps more encouraging is the fact that 5% declines do not usually result in a further 10% decline especially in bull markets. Ride the wooley beast and hang on tight.
Birchtree, please pass the cool aid, I need some help![]()
Showing some signs of selling the news. Still VERY early though.