Rod's Account Talk

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It is pretty ugly at the moment, but yes, don't sell this deep. Speaking from experience. Note to self: When positioned well for a down turn, don't jump in too soon.
 
Mr. Market is poised to rally due to President Trump's announcement of rolling out economic proposals in response to COVID-19. That press conference is supposed to be today @ 1730 EST.

But, then there is this:

The White House is not ready to roll out specific economic proposals in its response to the widening impact of the coronavirus outbreak, administration officials told CNBC.

The revelation comes as U.S. stock futures pointed toward a sharp rebound at the open Tuesday following the Dow’s 2,013-point drop Monday and President Donald Trump’s suggestion that a payroll tax cut and other stimulus measures may be in the works to mitigate economic damage from the virus’ spread. Trump has also invited Wall Street executives to meet at the White House on Wednesday to discuss the response.
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However, inside the administration, some officials were stunned by Trump’s claim Monday that he would hold a press conference Tuesday to announce an economic plan. “That was news to everyone on the inside,” one official said.

The actual details of any plan remain up in the air. “It’s not there right now,” an official said. “A lot of details need to be worked out.”
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Source: https://www.cnbc.com/2020/03/10/coronavirus-trump-plan-for-economic-response-not-ready-officials-say.html

Therefore, be careful out there. Especially if you are on the sidelines attempting to catch any relief rallies.

God Bless :smile:
 
50/50 crapshoot if Mr. Market will be excited for Wednesday after President Trump's 1730 ET press briefing. I don't think I will take that gamble and get caught in another downtown like I did on 27 Feb. But, at least I recovered most of those losses while I was in (F). I have another 0.89% to recover. I am currently 100 (G) with one move left for March.

God Bless :smile:
 
Rod said:
50/50 crapshoot if Mr. Market will be excited for Wednesday after President Trump's 1730 ET press briefing. I don't think I will take that gamble and get caught in another downtown like I did on 27 Feb. But, at least I recovered most of those losses while I was in (F). I have another 0.89% to recover. I am currently 100 (G) with one move left for March.

God Bless :smile:
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Not expecting much from the news conference.
 
Just wanted to note when the indices turned negative during this session. They may turn positive again. So, don't give up hope just yet.
 
Although I will miss out on any rally today or tomorrow, I am pull'n for those of you caught up in this mess. 🙂
 
Cramer did tweet this early this morning...

"Days like today during heightened algo you get the top at the opening, small decline in mid morning and then back to the opening and that's it."

So far, it is shaping up that way.
 
So far I'm feeling really good about exiting (F) yesterday. Did I finally make a timely IFT? We shall see by COB! :fing02:
 
Rod said:
I realize everyone has their threshold of pain. But, I noticed a few capitulations on the AutoTracker. A few folks IFT'd to (G) while taking a 7%+ hit today. IMHO, that's what you don't want to do in this environment because you will miss those eventual explosive rallies that will eventually cause you to break even over time, or perhaps in one day. My advice (with a grain of salt) is not to capitulate and sell at a loss that large.

My Two Shiny Lincolns
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Do you see what I mean?!?
 
Rod said:
So far I'm feeling really good about exiting (F) yesterday. Did I finally make a timely IFT? We shall see by COB! :fing02:
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Good timing.
Curious for the final price. I've noticed that the actual return on the F fund has been about 0.10-0.30% larger than what the AGG shows lately...not sure why.
 
FireWeatherMet said:
Good timing.
Curious for the final price. I've noticed that the actual return on the F fund has been about 0.10-0.30% larger than what the AGG shows lately...not sure why.
Click to expand...

Dunno?

My IFT yesterday to (G) saved me a 1.51% loss in (F). :headbang:
 
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