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Rod's Account Talk
- Thread starter Rod
- Start date
Rod
Well-known member
What are you going to do without the 6.5 hour transaction delay and two transaction/month limit?
I will trade very conservatively at first so I don't lose it all in one place!
Rod
Well-known member
Although I'm no longer trading the TSP, I'll continue to post other trading milestones to this account talk in order to keep it somewhat active. With that said, I first purchased ACAD (Acadia Pharma) @ 1.76 in 2010 while deployed to Iraq. Since then, I had passed on a couple of opportunities (one in July 2015, and another more recently) to sell @ 53.00+.
While studying the charts, I noticed a pattern going back to early May- one where ACAD was cycling between 44.00 and 53.00. Check it out for yourself. I made the decision that I was going to attempt to profit from this. Therefore, I sold my position on 22 Jun @ 52.45 and 52.46 in anticipation of a decline back to 44.00 within a couple of weeks. Before doing so, I sensed that it would once again test its 52-week high of 53.70. And it did just that the next day, intraday, to 53.74! I just didn't think it would test it that soon! Then the next day it made another all-time intraday high to 53.75! You might think by now I had FOMO because I had just missed the all-time high. Not. At. All. Because I had made a decision/plan to sell, and stuck with it, and profited nicely. I mean heck, I went from 1.76 to 52.46 in ten years!
Now remember, I sold on 22 Jun in anticipation of the decline. Guess what its intraday low was today? 48.38. Intraday high? 51.50. Close? 50.19.
Will the pattern I noticed continue? Will, "Once you notice a pattern, it's too late." apply?
My plan is to buy back in around 44.00 - 45.00, then ride it back up to the 50's and then sell. We shall see in the coming days! Care to join me? :bigok:
P.S.
Recently, ACAD filed a supplemental new drug application (sNDA) with the FDA. If approved, I expect it to become a 100+ stock in 2021. Read about that DRP here:
https://www.moneyshow.com/articles/global-54340/
https://www.acadia-pharm.com/pipeline/pimavanserin-drp/
God Bless :smile:
While studying the charts, I noticed a pattern going back to early May- one where ACAD was cycling between 44.00 and 53.00. Check it out for yourself. I made the decision that I was going to attempt to profit from this. Therefore, I sold my position on 22 Jun @ 52.45 and 52.46 in anticipation of a decline back to 44.00 within a couple of weeks. Before doing so, I sensed that it would once again test its 52-week high of 53.70. And it did just that the next day, intraday, to 53.74! I just didn't think it would test it that soon! Then the next day it made another all-time intraday high to 53.75! You might think by now I had FOMO because I had just missed the all-time high. Not. At. All. Because I had made a decision/plan to sell, and stuck with it, and profited nicely. I mean heck, I went from 1.76 to 52.46 in ten years!
Now remember, I sold on 22 Jun in anticipation of the decline. Guess what its intraday low was today? 48.38. Intraday high? 51.50. Close? 50.19.
Will the pattern I noticed continue? Will, "Once you notice a pattern, it's too late." apply?
My plan is to buy back in around 44.00 - 45.00, then ride it back up to the 50's and then sell. We shall see in the coming days! Care to join me? :bigok:
P.S.
Recently, ACAD filed a supplemental new drug application (sNDA) with the FDA. If approved, I expect it to become a 100+ stock in 2021. Read about that DRP here:
https://www.moneyshow.com/articles/global-54340/
https://www.acadia-pharm.com/pipeline/pimavanserin-drp/
God Bless :smile:
Rod
Well-known member
I was on the road Friday. You can imagine the satisfaction I felt as I looked down at my cell to see ACAD reaching an intraday low of 46.93, and then closing @ 47.93. Although I expected ACAD to decline to 44.00 - 45.00 within a couple of weeks (see quoted post below), it sure is happening more quickly than I had anticipated. It could very well be there this week. If it does decline to 44.00 - 45.00, I'll be keeping a close eye on it to see if that's indeed the floor. Especially with the MSM (Mainstream Media) once again hyping up COVID-19. We shall see what happens! I hope you guys/gals are doing well!
God Bless :smile:
God Bless :smile:
Rod
Well-known member
That's likely a good place to be now, besides (F). But, (F) hasn't been doing a heckuva whole lot the past month or so. I did see that DWCPF will soon be up against its 200 & 50 EMA's, losing 3.04% this past week. It's been rather flat for the month of June so far... up only 0,81%. So far for June, the S&P is down -0.93%, Dow is down -1.59%, and Naz up 1.67%. The Dow is now below both of its 50 and 200 EMA's. July should be interesting.
Rod
Well-known member
Thank you! Appreciate the support! :smile:
Rod
Well-known member
now we know why the market went down last wk. u took too much out at one time.
Ha! I wish I could make that much of an impact!
Rod
Well-known member
Stock Ticker: ACAD
Unless something changes between now and the close of 6 July, it looks like the most recent trading range's intraday low that I was attempting to play off of was set on Friday, 26 Jun @ 46.93. Of course, I was expecting that intraday low to decline to 44.00 - 45.00 by the close of 6 July. One consolation is that I missed a near 9% decline within 4 days after I sold. But as of now (intraday) almost 8% of that has been recovered.
ACAD is not too far away from where I sold: 52.45 - 52.46. Am I disappointed that I sold? Not at all, because that near 9% decline justified it.
The only thing that has changed is that I just have to wait a little longer for ACAD to decline back into the mid-40's... keeping 46.93 in mind as support.
Here's hoping all of your trades go well for you!
God Bless :smile:
Unless something changes between now and the close of 6 July, it looks like the most recent trading range's intraday low that I was attempting to play off of was set on Friday, 26 Jun @ 46.93. Of course, I was expecting that intraday low to decline to 44.00 - 45.00 by the close of 6 July. One consolation is that I missed a near 9% decline within 4 days after I sold. But as of now (intraday) almost 8% of that has been recovered.
ACAD is not too far away from where I sold: 52.45 - 52.46. Am I disappointed that I sold? Not at all, because that near 9% decline justified it.
The only thing that has changed is that I just have to wait a little longer for ACAD to decline back into the mid-40's... keeping 46.93 in mind as support.
Here's hoping all of your trades go well for you!
God Bless :smile:
Rod
Well-known member
Yesterday, ACAD plunged 19.36% to close @ 44.69.
As you can see from my quoted post below, it is now at the level where I anticipated it to return to by 6 July. It just took a couple more weeks+ to get there.
But, I did not "bite" because it was reacting to this news:
https://www.investors.com/news/technology/acad-stock-dives-depression-treatment-unexpectedly-fails-key-study/
And this... although the FDA approved the application, they did not fast-track it:
https://www.businesswire.com/news/home/20200720005745/en/ACADIA-Pharmaceuticals-Announces-U.S.-FDA-Accepted-Filing
Therefore, I will wait for ACAD to establish and settle into a new trading range before buying/selling it again.
Hope y'all are doing well! God Bless! :smile:
As you can see from my quoted post below, it is now at the level where I anticipated it to return to by 6 July. It just took a couple more weeks+ to get there.
But, I did not "bite" because it was reacting to this news:
https://www.investors.com/news/technology/acad-stock-dives-depression-treatment-unexpectedly-fails-key-study/
And this... although the FDA approved the application, they did not fast-track it:
https://www.businesswire.com/news/home/20200720005745/en/ACADIA-Pharmaceuticals-Announces-U.S.-FDA-Accepted-Filing
Therefore, I will wait for ACAD to establish and settle into a new trading range before buying/selling it again.
Hope y'all are doing well! God Bless! :smile:
Rod
Well-known member
Guess where I'd be now had I continued with my buy-n-hold strategy of 60 (C) and 40 (S) throughout the chaos?
4.13%
Of course, I can no longer compare this with my current TSP YTD because I no longer have my military TSP.
Just remember, do not run for the hills (selling at a loss) when everyone else is. RIDE. IT. OUT.
God Bless :smile:
Rod, and thanks for the continued words of wisdom. Well taken, as always. Keep coming back while you gloat in your life's change
Rod
Well-known member
Thank you for the kind words.
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