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Steadygain's Account Talk
- Thread starter Steadygain
- Start date
Steadygain
TSP Elite
Pansy King Aye ! :nuts: Smart move in a Very Long Year. Even if Wednesday
continues to shine. Great job my brother !
Thank You SB !!
Yesterday I felt it through and through - KNEW IT WOULD BE A WONDERFUL DAY - so I'm thrilled to pieces.
This may well be what I expected last month when I went in - the pop before the drop. Who knows - but I'm very happy to be back in POSITIVE TERRITORY.
Dennis is a ROCK - unlike anyone I've ever known - and I do know a lot of B&Hers - but none like him.
Emotions have to be involved to some extent - it's impossible to avoid - but very thorough and consistent LONG TERM planning helps to keep everything in check.
He makes adjustments in High Risk - with the TSP - but is able to offset his losses with solid dividends and a large Capital Reserve.
Still for me - you - CP - and many others - preserving capital in a true BEAR gives us more to buy down the road. This SOB has been largely 'unpredictable' so in a big way we really lucked out today.
I think we'll go to 500 (updated from my previous 600) before it's all over. Unfortunately most expect us to roll on the bottom for awhile as well - which will feel everybit as bad as the past few months.
If we roll on the bottom I'll just keep buying and buying - then hand my Pansy Crown to someone else - fly to Hawaii and celebrate with Birch.
Steadygain
TSP Elite
Thanks Mojo
When I went in 100% S Fund last week - I did with a 'real attitude'
Bring it on PUNK - let's see what you can do
No trace of fear - fully ready to stand my ground and not budge
Lost a little - but wasn't phased..
Next day took the FIRST of what I would be 'days of gains' - only to go down.... like a slow bleed....
SO HELD ON - AND FINALLY GOT WHAT I WENT IN FOR
Days like today - are extremely rare - it's like steam coming out of the pressure cooker and it's LONG OVERDUE.
It should have been a sustained rally stretching out over 3 days starting the day after I went in - but somehow the powers that be decided I'd get to 'puffed up' SO I had to get a little fear and be humbled a tag. BUT THAT'S COOL - cause we all need that once in awhile (even Birch)
Anyway - I appreciate your support man - very much; and don't be bothered by this but at least a handful of us are out to take your spot.
Birchtree
Well-known member
I made a number of good moves last summer and took out a $140K profit in my oceanic account. Turned right around and spent $772K during the fall bottoming process and bought 432 individual positions. In February each of those buys was hurting me but I absorbed the pain holding my strategy and today because my asset base remained intact the dollars will add up certainly. I've experienced many Pansy moments in my past - I used to get the green apple quick step the night before any LRRP mission going back to 1968-69. I've made plenty of wrong moves in years past investing - but eventually experience will provide the correct direction. It does help to enjoy the pain levels knowing your personal levels of tolerance. This rally conceivably could end up being the real deal. At one point my oceanic account was devalued to the tune of better than $1M but I will continue to hold the line.
Be Scared, Be Very Very Scared !:nuts:
Not by me, I'm still in the depths of HeLL ! :embarrest:
Inconceivable Numbers For Most Of Us. But there's no doubt, you
certainly know what your doing ! "Bull-Bottom Birch" and loving it !
I had a day last year after following optionman in and wallowing around for about a week I got out, just so happened that day finished up 6% man did that feel good!
Steadygain
TSP Elite
To all NEW MEMBERS and GUESTS
This is a partial quote from my Big Brother - Birch
Now before you pass judgement or form some solid convictions.
First consider 'genetics' - I (his brother) am now the Pansy King and I'm proud of it.
Then read through his other posts and learn first hand how wishy washy he is .... how he goes from one fund to another over and over ... jumping in - then jumping out before he even lands - or jumping out and right back in the same way ...
Only in this light can you know what he means when he says 'I've experienced many Pansy moments'
But don't be too hard on him - cause he's cool and I'm a lot like him
Steadygain
TSP Elite
Last year was very much like this one.
Once we hit a TRUE BOTTOM and the 'smart money' kicks in with volume on a sustained level for months and months on end we will have many days like this one.
That's why buying at the BOTTOM is so important because when the REAL BULL takes off he will soar like a rocket and those not in will miss out on the fastest and biggest gains.
Today is very much a 'life saver' for me - and it feels wonderful. Had we bailed too soon it would have felt even worse. So you did a great job by sticking with your convictions.
Steadygain
TSP Elite
It's like a Royal Flush
It's like living in a Nightmare where everything is TANKING
Markets falling well below 20% - with economic data getting worse and worse
Top officials saying 'the Bottom' is still out in the distance
and taking in over 7% with FEAR rising all around.
To the ULTIMATE LEADER FOREVER - BIRCHTREE - and then to everyone else WAY TO GO - EXCELLENT JOB!!!
Birchtree
Well-known member
The VIX is telling us that the market is establishing a bottom where traders and institutions are no longer being forced into certain trades out of necessity or desperation. The market is always moving ahead of the economy - it is omnipotent and can see further into the future than any technicals or market participants. I'm already in so I don't need to jump in or reach for touch.
350zCommTech
Well-known member
So you really think this is the Bottom, the Turn Around? Does the economy point to that? What has changed, I know BIG BANK made a profit last 2 months, (they just found that out) that is just the tip of the IceBerg in my opinion. Best of luck to everyone!!!
I agree with you nnuut. IMO, this is not THE bottom. This might not even be A bottom. We need to see confirmation tomorrow for it to be A bottom. Even then, there is a lot of resistance coming up. Bad news could easily turn this thing back around. It's still a bear market until proven otherwise.
As for Citibank making a profit, I call BS.
Disclaimer: I'm still holding C long. Hoping to sell at a big profit tomorrow.
Steadygain
TSP Elite
So you really think this is the Bottom, the Turn Around?
NO - I certainly DO NOT believe that
My move to 100% G Fund (actions speak louder than words)
I do believe it may be a 'turn around' ONLY in the sense that we are so overdue for a 'temporary rally' that may last a week or two and have many wondering if we will go even lower.
Many will think the worst is over.
Here I will HONESTLY CONFESS that may biggest purpose in going 100% S Fund was to distance myself from the G Funders - I was only 0.01% away - so I looked like their leader. It felt too weird.
Does the economy point to that?
That is an excellent question. I said going into this Market that I would PROVE that the Economy controls the Markets and that has been PROVEN.
The Economy is finding some isolated 'perks' at best; but overall things are going downhill and will continue this course for months and months to come.
What has changed,
Nothing has changed - with underlying conditions and the projected PAIN and Difficulties to come.
TODAY - and possibly the near future - simply reflect the many investors that are fed up with a crashing Market and the determination 'to BUY on Huge Sustained Weakness' - THAT - and THAT ALONE - triggered me to go in. I knew I could count on that - depression will eventually fall and Euphoria takes over (may be brief but it had to happen)
I know BIG BANK made a profit last 2 months, (they just found that out)
That had nothing to do with today - it was not the Smart Money behind this.
that is just the tip of the IceBerg in my opinion. Best of luck to everyone!!!
Amen Brother - I do hope the VERY BEST for everyone of us - especially those down towards the bottom.
For me - it's a time to LOCK GAINS and Avoid further losses. We will undoubtedly go down to NEW LOWS before this is all over and another 7% Gain may happen this year - but don't be surprized if we lose another 20% from the previous low.
Be very careful because a BEAR MARKET like this - in our present economic conditions - can not possibly become a real BULL Market at this time. There is a big difference between a 'bounce' and a 'short term rally' and a BULL MARKET.
BUT WE NEEDED TO FEEL 'A BULL' AND THAT'S WHAT TODAY WAS ALL ABOUT.
Steadygain
TSP Elite
Birch - the day you don't sound like PermaBULL #1 - will be one of the saddest days of my life.
With you - Poolman - CP - ContraianJeff - Windhunter and others still in I can't help but think a small profit will result.I agree with you nnuut. IMO, this is not THE bottom. This might not even be A bottom. We need to see confirmation tomorrow for it to be A bottom. Even then, there is a lot of resistance coming up. Bad news could easily turn this thing back around. It's still a bear market until proven otherwise.
Highlighted for easier reading
As for Citibank making a profit, I call BS. I like that - well put!!
Disclaimer: I'm still holding C long. Hoping to sell at a big profit tomorrow.
I - and I alone - answer to my wife :worried:
Thank you !!
I could have timed it better - but 'My Gut' is working
and that's the main thing I count on. I hope you the very best as well.
Birchtree
Well-known member
Anyone who invested everything at the top of the market could be waiting a long time for a full recovery of their capital. I avoided that mistake realizing that there is always a blind side that could happen. I went mostly wide and shallow building my portfolio for diversification and income. But for anyone who's been building a diversified portfolio of quality companies, and especially for anyone pursuing dollar cost averaging strategies to include dividend reinvestments throughout this downturn, the odds of a solid return are still very likely. Did we place the ultimate bottom on Friday with an intraday low of 6469.95 on the Dow and 666.79 on the SPX - I think we did. It may simply be that the January 6th peak will have to be bettered before the real volume comes in. Could this be a fake rally - the bull wants everyone to think so. The fewer participants the better. The two most powerful warriors are patience and time.
Boghie
Well-known member
I Think Steady Just...
... Poll Vaulted Over Everyone in the Allocation records!!!
Steady, lucky or masterful :cheesy:
Nice to have over a 7% bounce on the day you bail out. A thing of beauty.
I might reallocate another 10% from G/F into C/S tomorrow. Any more growth and I will have to buy on the dips
Like the good old days...
But, that will be my last IFT of the month. Uuuugggghhhh. At least it will be a forward trade.
... Poll Vaulted Over Everyone in the Allocation records!!!
Steady, lucky or masterful :cheesy:
Nice to have over a 7% bounce on the day you bail out. A thing of beauty.
I might reallocate another 10% from G/F into C/S tomorrow. Any more growth and I will have to buy on the dips
Like the good old days...But, that will be my last IFT of the month. Uuuugggghhhh. At least it will be a forward trade.
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