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Soooo....is this it?
- Thread starter Rolo
- Start date
nnuut
Moderator | TSP Legend
imported post
Hi, i'm new to the forum, but have been following it for about 7 months. so far I have lost about $5,000 bucks tryin' all of these different strategies. Is it just the market or is it me?:XWant to make some money, but I think it's gonna be hard to make up that 5 Grand even if the market goes sky high. Only have around $50,000 to work with. Mabye I should hide in the "G" until this is over, but I'm afarad I'll miss the big one if I don't stay full invested. Now I'm 50% C and 50% S. KILLIN ME!!!:sNice to be here and learn.
Hi, i'm new to the forum, but have been following it for about 7 months. so far I have lost about $5,000 bucks tryin' all of these different strategies. Is it just the market or is it me?:XWant to make some money, but I think it's gonna be hard to make up that 5 Grand even if the market goes sky high. Only have around $50,000 to work with. Mabye I should hide in the "G" until this is over, but I'm afarad I'll miss the big one if I don't stay full invested. Now I'm 50% C and 50% S. KILLIN ME!!!:sNice to be here and learn.
imported post
Welcome nnuut! It sounds like it has been an expensive learning experience for you. I'm not sure how you lost 10% but I guess it's possibleif your timing was real bad.It's hard for me to reasure someone who has been through a beatinglike that but again I don't think hiding at this point would be wise. We may not be at the bottom but time-wise it is getting close. Once that democratic convention concludes and the hype ofthe possibility of a change in presidency calms down, I believe the market will be ready. The cliche that the market hates uncertainty is pretty accurate.
Better luck in the second half.
Tom
Welcome nnuut! It sounds like it has been an expensive learning experience for you. I'm not sure how you lost 10% but I guess it's possibleif your timing was real bad.It's hard for me to reasure someone who has been through a beatinglike that but again I don't think hiding at this point would be wise. We may not be at the bottom but time-wise it is getting close. Once that democratic convention concludes and the hype ofthe possibility of a change in presidency calms down, I believe the market will be ready. The cliche that the market hates uncertainty is pretty accurate.
Better luck in the second half.
Tom
imported post
nnuut wrote:
We all want to make $$ But, times are tough calling this (head off the chicken) market. and the only loses you really have are just on paper or on some hard drive somewhere, it was never in your hand. we all have suffered paper loses and still keepcoming off the stool for the next roundwearing a big smile
on our faces because we pretty sure they can't take our birthdays away from us! but, I bet Rolo will work on finding a way. (LOL)Hang in there! it will come.
Lets all giveTom Three-Cheers for his hard work!!!
:^:^:^
GTO
nnuut wrote:
Welcome nnuut!
We all want to make $$ But, times are tough calling this (head off the chicken) market. and the only loses you really have are just on paper or on some hard drive somewhere, it was never in your hand. we all have suffered paper loses and still keepcoming off the stool for the next roundwearing a big smile
on our faces because we pretty sure they can't take our birthdays away from us! but, I bet Rolo will work on finding a way. (LOL)Hang in there! it will come.Lets all giveTom Three-Cheers for his hard work!!!
:^:^:^
GTO
Mike
Active member
imported post
The market will recover ... eventually. We could very well see stagnation / more losses through November until the election is decided... whether or not the economy is growing.
One positive in this for long term investors like myself is that my bi-weekly fund share purchases will be at bargain prices.
I think we'll be in much better shape a year from now.
The market will recover ... eventually. We could very well see stagnation / more losses through November until the election is decided... whether or not the economy is growing.
One positive in this for long term investors like myself is that my bi-weekly fund share purchases will be at bargain prices.
I think we'll be in much better shape a year from now.
imported post
GTO1970 wrote:
At least you didn't put "Rolo" in ALL CAPS like so many do for some bizarre reason.
[line]
Welcome, nnuut! You aren't the only one paying tuition to the School of Hard Knocks. There is much to be learned from doing what doesn't seem to work.
Don't let setbacks get you discouraged (I am feeling a little of that right now...frankly, I feel like a dumb animal chasing its tail--expending a lot of energy and not getting anywhere, and a third party somewhere is entertained), just step back, take a breath, and diagnose the problem and regroup.
GTO1970 wrote:
Whaaa? No birthdays means no getting older!we all have suffered paper loses and still keepcoming off the stool for the next roundwearing a big smile
At least you didn't put "Rolo" in ALL CAPS like so many do for some bizarre reason.
[line]
Welcome, nnuut! You aren't the only one paying tuition to the School of Hard Knocks. There is much to be learned from doing what doesn't seem to work.
Don't let setbacks get you discouraged (I am feeling a little of that right now...frankly, I feel like a dumb animal chasing its tail--expending a lot of energy and not getting anywhere, and a third party somewhere is entertained), just step back, take a breath, and diagnose the problem and regroup.
nnuut
Moderator | TSP Legend
imported post
Thanks GTO, need some encouragement. Nice Car, is it yours? I'm tempted to drop everything in the "G" until this stuff is over, but if I do stocks will go so high you can't see the top and I will lose out. What to do, what to do. That has happened to me before. So I just sit here and watch my balance go down every day!:shock:What?
Thanks GTO, need some encouragement. Nice Car, is it yours? I'm tempted to drop everything in the "G" until this stuff is over, but if I do stocks will go so high you can't see the top and I will lose out. What to do, what to do. That has happened to me before. So I just sit here and watch my balance go down every day!:shock:What?
imported post
nnuut wrote:
Seriously...I am holding my position...none of my holdings have bombed (well, one, but I fixed that and got my revenge...muahaha), so given the context, everything is fine, so I am riding it out. If the market breaks down into new lows, then I will be concerned, but right now we are on course for buy signals.
My tweaking of my strategy henceforth will be to pay closer attention to the moving averages and follow their lead, for they give the charts more meaning and context. (Yes, I gleaned that from several folks here.) I am a firm believer in listening to what the charts are saying. You cannot argue with the Market, you will lose every time.
I also learned that I need to be more precarious and not so afraid of missing gains. I also learned for myself what so many have told me: I do not give myself enough credit and that I think too much. I need to follow my instincts more rather than rationalise them away. Fortunately I am remembering what others' have told me (and what psychology has told me) in the past that I am far too critical of myself, demand too much of myself, and"beat myself up";so far Ihave avoided getting thoroughly discouraged.
Now let me dig my hole.
nnuut wrote:
baha, I dunno...I am digging a hole in this sand here so I can stick my head in it.
Seriously...I am holding my position...none of my holdings have bombed (well, one, but I fixed that and got my revenge...muahaha), so given the context, everything is fine, so I am riding it out. If the market breaks down into new lows, then I will be concerned, but right now we are on course for buy signals.
My tweaking of my strategy henceforth will be to pay closer attention to the moving averages and follow their lead, for they give the charts more meaning and context. (Yes, I gleaned that from several folks here.) I am a firm believer in listening to what the charts are saying. You cannot argue with the Market, you will lose every time.
I also learned that I need to be more precarious and not so afraid of missing gains. I also learned for myself what so many have told me: I do not give myself enough credit and that I think too much. I need to follow my instincts more rather than rationalise them away. Fortunately I am remembering what others' have told me (and what psychology has told me) in the past that I am far too critical of myself, demand too much of myself, and"beat myself up";so far Ihave avoided getting thoroughly discouraged.
Now let me dig my hole.
G
Guest
Guest
imported post
Rolo wrote:
Rolo wrote:
:^I do keep an eye on the moving averages, but it's a really tough call. It look like the losses were leveling out and then BAM! You hit a big hole. I can promise one thing though, one day I WILL cash my shares in for a profit, just hope it comes sooner than later because I would like to to get another chance to increase my profits before the year is out. :!
