Rod's Account Talk

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So far, my strategy is working.

Overall, the (S) Fund has been good to me this week! It did take me down to -2.93%. But then I finished yesterday down -0.59%. With the DWCPF finishing today up 0.64%, I should now be in positive territory... ever so slightly. Thank You, LORD! 🙂

I fully expect to sink back into negative territory before I can finally keep my head above water.

We'll see what type of headlines this long weekend brings.

God Bless 🙂
 
tom4jean said:
https://www.cnbc.com/2020/05/25/stock-market-futures-open-to-close-news.html

As long as the market is happy, I'm happy, but in reality a vaccine is not at all a realistic short term goal...

https://www.medscape.com/viewarticle/930986?src=soc_fb_200524_mscpedt_news_mdscp_vaccine&faf=1

Sent from my Pixel 2 XL using Tapatalk
Click to expand...

You're right. But, like you said, whatever makes Mr. Market happy at the moment, makes me happy (about Mr. Market) at the moment. It's now all about the headlines. Remember, that's why I decided to go 100 (S) because we simply cannot profit off of these fast-moving headlines unless we are exposed. On that same token, we will also take the beatings as they come. But, as long as the positive outweighs the negative we will stay ahead of the game. Recall my post from 20 May:

This seems to be an "orally-fixated", headlines-driven market. Instead of being driven by fundamentals/technicals, Mr. Market is driven (either negatively or positively) by whoever is on the market pedestal at the time (CNBC interviews, for example), or to "breaking news" headlines. Moreso nowadays than in the past.

Lately, most of these have come out of nowhere. I am becoming convinced that unless I am fully exposed to the market at all times, I will have a more difficult time catching those market pedestal/headline-driven rallies. Of course, market pedestal/headline-driven sell-offs will indeed occur from time to time.

As long as the rallies outweigh the sell-offs, then I can remain ahead of the game. Because vaccine news seems to be breaking more and more, I just might have to play things from this angle and remain 100 (S) through thick and thin until I have a good reason to exit.
Click to expand...

God Bless :smile:
 
When it comes to watching investing videos, there is so much "noise" on YouTube. But, I've been watching Bob Kendall's daily videos for a few weeks now. He developed a rather interesting system called the Wave Tech Range Finder system. He says,

"Using quantitative analysis combined with technical analysis has given me the ability to predict the direction of markets in the economy over the past 37 years. I have built up one of the most impressive track records on Wall Street. The analysis that you will see on the show is based upon a process which is used in the VPM quantitative signals. You gain insights into how to view the markets and combine the short, intermediate, and secular trends into one clear signal."

Quote Source:

The Kendall Report | VPM Partners

Before you begin watching his videos, watch this video he posted on 26 Feb. It is titled, "Will The Stock Market Crash 2020?":

https://www.youtube.com/watch?v=zz9dFVHCIEQ

Watch his daily videos:

https://www.youtube.com/channel/UCSqNq7kQMKvgf_LXxFmPRQA

God Bless :smile:
 
Rod said:
So far, my strategy is working.

Overall, the (S) Fund has been good to me this week! It did take me down to -2.93%. But then I finished yesterday down -0.59%. With the DWCPF finishing today up 0.64%, I should now be in positive territory... ever so slightly. Thank You, LORD! 🙂

I fully expect to sink back into negative territory before I can finally keep my head above water.

We'll see what type of headlines this long weekend brings.

God Bless 🙂
Click to expand...

My strategy continues to pay off. I have gained 6.55% since 19 May. I am now @ 4.65% YTD. The (S) Fund has been on a tear. But, I realize it won't last forever. Therefore, it might be time to ring the register. At the same time, I can't ignore the fact that today is the second day in a row that the DWCPF closed above its 200-Day EMA. I'll have to see what tomorrow morning brings before our IFT deadline.

God Bless :smile:
 
Rod said:
My strategy continues to pay off. I have gained 6.55% since 19 May. I am now @ 4.65% YTD. The (S) Fund has been on a tear. But, I realize it won't last forever. Therefore, it might be time to ring the register. At the same time, I can't ignore the fact that today is the second day in a row that the DWCPF closed above its 200-Day EMA. I'll have to see what tomorrow morning brings before our IFT deadline.

God Bless :smile:
Click to expand...

Been thinking the same thing. I only went in 25% S Fund, but still have gained 1.96% on this trade. I am still negative for the year and still have a long way to go to get back to positive territory, but I'm chipping away at it. If DWCPF is up tomorrow I'm heading for the lily pad.
 
ravensfan said:
Been thinking the same thing. I only went in 25% S Fund, but still have gained 1.96% on this trade. I am still negative for the year and still have a long way to go to get back to positive territory, but I'm chipping away at it. If DWCPF is up tomorrow I'm heading for the lily pad.
Click to expand...


Looking good so far. Let’s see if it holds!:Eyecrazy::Eyecrazy::Eyecrazy:
 
Posted yesterday:

Rod said:
My strategy continues to pay off. I have gained 6.55% since 19 May. I am now @ 4.65% YTD. The (S) Fund has been on a tear. But, I realize it won't last forever. Therefore, it might be time to ring the register. At the same time, I can't ignore the fact that today is the second day in a row that the DWCPF closed above its 200-Day EMA. I'll have to see what tomorrow morning brings before our IFT deadline.

God Bless :smile:
Click to expand...

IMHO, some consolidating will soon take place. Therefore, it's time to lock in my gains since 19 May. As of yesterday, those gains are 6.55%, leaving me 4.65% YTD. Thank You, LORD! :smile: LORD willing, it remains within that "ballpark" by COB.

Effective COB: 100 (G)

God Bless :smile:
 
Rod said:
Posted yesterday:



IMHO, some consolidating will soon take place. Therefore, it's time to lock in my gains since 19 May. As of yesterday, those gains are 6.55%, leaving me 4.65% YTD. Thank You, LORD! :smile: LORD willing, it remains within that "ballpark" by COB.

Effective COB: 100 (G)

God Bless :smile:
Click to expand...

I agree. FOMO will make me “second guess” but I almost bailed yesterday and didn’t. Said that if today was up again then I’d lock in and run to G too. Sooooo...I’m with ya. I went in when you did (but only 50% since I’m retiring eoy and wanted to stay a bit conservative) and appreciate the perspective you bring! Thanks!
 
Rod said:
IMHO, some consolidating will soon take place. Therefore, it's time to lock in my gains since 19 May. As of yesterday, those gains are 6.55%, leaving me 4.65% YTD. Thank You, LORD! :smile: LORD willing, it remains within that "ballpark" by COB.

Effective COB: 100 (G)

God Bless :smile:
Click to expand...

It's odd that the DWCPF was lagging behind today when the major indices were up. But when the major indices started falling, then the DWCPF fell even harder. At any rate, my final tally is a total gain of 5.12% since 19 May. I am now sitting @ 3.25% YTD. Of course, I am quite pleased with this. Now to await another entry point after some further consolidation.

God Bless :smile:
 
Great job Rod. I ended up with a gain of 1.60% for my 25% in the S Fund for the same period. I am still down 12.56% year to date, but happy I was able to chip away at it. I'm sure you've heard the old saying about how to eat an elephant...one bite at a time.

Anyway, congratulations!!!:banana:
 
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ravensfan said:
Great job Rod. I ended up with a gain of 1.60% for my 25% in the S Fund for the same period. I am still down 12.56% year to date, but happy I was able to chip away at it. I'm sure you've heard the old saying about how to eat an elephant...one bite at a time.

Anyway, congratulations!!!:banana:
Click to expand...

Thank you, and congrats to you too! I've been trying to get my head above the water since late Feb. It's nice to finally "breathe" again. Keep at it. You'll be there before you know it!
 
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