The Technicians Account Talk

[The_Technician]

imported post

Guess I should create an Account talk forum...



The Technician

 

[The_Technician]

imported post

FYI,

That last trade transaction costs me 43% of the earnings in commission/administrative costs at TSP. Extremely high commission rates if you ask me!!!:X Or TSP is not getting the initial/final fund price right when they make the calculations.:?

I believe I would be checking your transaction costs to your earnings per trade and notify confirm@tsp.gov when you require an answer to why it costs so much to trade.

:^

The Technician

 

[The_Technician]

imported post

never mind....never mind rescend that last message....oh its too early, my brain is not in gear!!!!

 

[The_Technician]

imported post

Wow.....I'm barely awake this morning.....still I'm surprised by the high cost to trade. In my other market accounts it would cost $25.00 or less to trade the amount I traded.....it was over $500 to trade in and out of the C and S funds in the TSP.

Well in any case after yesterdays transactions, I'm up 5.25% before trade costs for the year......over 4% since mid March...

Its been a tough market to invest in this past month....I've been lucky.....

Hoping all of youare doing well.



The Technician

 

[mbehr55]

imported post

Care to share you buy/sell signals for the CSI?

 

[The_Technician]

imported post

Well after 14 years of trading(I've taking my losses also) and analyzing the market I guess I get a good feel for the market action......I guess its accumulative in experience.

I just discovered an error since my last few posts....I meant 3% since mid - March.....



What can I say, I've had a tough morning already.......ughhhhhh!!!! I'llget my brain goingsooner or later this morning.....



The Technician

 

[newcx]

imported post

Technician,

How are you determining the trading fees? Is it charged by percentage? I thought the TSP fees were supposed to be very low relative to commercial rates.

You realize, I suppose, that others are following your trades due to your recent successes. No pressure!

NewCx

 

[The_Technician]

imported post

Yeah, I know....Ihave to say that I'm having to reconstruct some data from the first of the year.....so my gains are real close but not as precise to the penny.....I'm in the ballpark.... real close at least.....I suspect that as tiime goes on, my numbers will become quite accurate.....

Who is keeping the personal gain data....Pyreil?.........

I calculated my trade cost precentagesfrom the gain of the share prices over the period verses what TSP put in my account.

percentage of cost is:

100*((my new account value )/((my previous account value * % gain in share priceduring period) + my previous account value))

And of course the actual trading cost is:

((my previous account value * % gain in share priceduring period) + my previous account value)) - my new account value



It really opened my eyes this morning on how much they are charging for trading.........its no discount brokerage I can tell you that....



I think the formulas above are correct

The Technician

 

[cowboy]

imported post

The Technician wrote:

FYI,

That last trade transaction costs me 43% of the earnings in commission/administrative costs at TSP. Extremely high commission rates if you ask me!!!:X Or TSP is not getting the initial/final fund price right when they make the calculations.:?

I believe I would be checking your transaction costs to your earnings per trade and notify confirm@tsp.gov when you require an answer to why it costs so much to trade.

:^

The Technician

Personally I think you still have cob webs. To say it costs $25.00 to trade outside and then compare the tsp to what your gain in share price is like taking two different ways of accounting and trying to say there is something wrong with the system. I think your formulas have no merit because your not comparing your outside trades in the same manner. Here is something else to think about how many times do you trade for $25.00 when your at a loss in the outside market. I bet very few. Currently your in a down trend. So what if your in an up trend. TSP does not charge per trade as far as I have seen but there is some very low fees to maintain our system.

 

[Dogdaddy]

imported post

cowboy wrote:

The Technician wrote:

FYI,

That last trade transaction costs me 43% of the earnings in commission/administrative costs at TSP. Extremely high commission rates if you ask me!!!:X Or TSP is not getting the initial/final fund price right when they make the calculations.:?

I believe I would be checking your transaction costs to your earnings per trade and notify confirm@tsp.gov when you require an answer to why it costs so much to trade.

:^

The Technician

Personally I think you still have cob webs. To say it costs $25.00 to trade outside and then compare the tsp to what your gain in share price is like taking two different ways of accounting and trying to say there is something wrong with the system. I think your formulas have no merit because your not comparing your outside trades in the same manner. Here is something else to think about how many times do you trade for $25.00 when your at a loss in the outside market. I bet very few. Currently your in a down trend. So what if your in an up trend. TSP does not charge per trade as far as I have seen but there is some very low fees to maintain our system.

TSP has no transaction fees. The Administrative/Management fees are built into the daily closing share prices and only amount to about 60 cents per $1000 of account balance(annually). The number of trades does not effect that number. You can verify the fee structure on the TSP website. I think you need to recheck your numbers. :^

 

[The_Technician]

imported post

Yep, I didn't get out of bed on the right side this morning.....I'm currently rechecking numbers now.....

I may have made a mistake in setting up an excel file here recently....:s

This whole thing could have been a mistake!!!:shock:

DA#$%^#@!!!!

The Technician....

 

[cowboy]

imported post

Dogdaddy wrote:

cowboy wrote:

The Technician wrote:

FYI,

That last trade transaction costs me 43% of the earnings in commission/administrative costs at TSP. Extremely high commission rates if you ask me!!!:X Or TSP is not getting the initial/final fund price right when they make the calculations.:?

I believe I would be checking your transaction costs to your earnings per trade and notify confirm@tsp.gov when you require an answer to why it costs so much to trade.

:^

The Technician

Personally I think you still have cob webs. To say it costs $25.00 to trade outside and then compare the tsp to what your gain in share price is like taking two different ways of accounting and trying to say there is something wrong with the system. I think your formulas have no merit because your not comparing your outside trades in the same manner. Here is something else to think about how many times do you trade for $25.00 when your at a loss in the outside market. I bet very few. Currently your in a down trend. So what if your in an up trend. TSP does not charge per trade as far as I have seen but there is some very low fees to maintain our system.

TSP has no transaction fees. The Administrative/Management fees are built into the daily closing share prices and only amount to about 60 cents per $1000 of account balance(annually). The number of trades does not effect that number. You can verify the fee structure on the TSP website. I think you need to recheck your numbers. :^

Lets see if you have $100,000 in TSP and it costs $.60 per $1000 this would mean if you take 100times $.60=$60 for the whole year and you can have as many trades as you want. Beats $25.00 every time the way I been trading. I'm getting a very good deal.Take the $.60 and divide by $1000.00 and you should get .0006 that is your fee.If anyone outside canfind a cheaper rate letme know.I hope you don't take offense to this Techy but this is what I see.

 

[The_Technician]

imported post

I found the problem......it was an error in % earnings for period that didn't show up when I used my checking routine.....guess it doesn't pay to use common 10% increments in checking some mathmatical problems....now its making 1+1=2!!! Sheessseeee!

To show you how much I have traded my TSP, ......I really have avoided trading my TSP since I'v been in the plan. I traded it once when the S&P500 got down to 800's in 2002 and got out when it reached 1164.......:^

I didn't know :shock:they didn't charge for transactions until I called them this morning....

A little misinformed and bad circumstance, but with a plus ending!!!

I'll never live this one down...

 

[cowboy]

imported post

No problem your day started out wrong and it continued but the fact is you checked it out and are correcting the problem.Many will not admit a mistake so your ahead of them by far. Take care and hope your day improves.

 

[The_Technician]

imported post

Yeah thanks....I hate days like this....it makes you look stupid......but, everybody has them.....

Now I wish the market would go ahead and do a head turn.....I don't care even if it is for the short term....maybe the rest of the board could get a reprieve....this down stroke has had more strength than I have preceived.......

I just knew this month and the next was iffy....

 

[newcx]

imported post

TT,

Your record speaks for itself. :} Keep posting.

 

[pyriel]

imported post

Technician,

Request your assistance in posting your move in a timely manner. I do not doubt your claim that you are doing well for this year, however, we all have a responsibility here to post our allocation accurately and in a timely manner. I believe, one of Tom's rule here is no quarterbacking.

 

[tsptalk]

imported post

pyriel wrote:

Technician,

Request your assistance in posting your move in a timely manner. I do not doubt your claim that you are doing well for this year, however, we all have a responsibility here to post our allocation accurately and in a timely manner. I believe, one of Tom's rule here is no quarterbacking.

Yeah, we can't count these transactions. Someone else posted the other daythey didn't get a chanceto post that they went 100% G on Thursday, the day before the 200 point drop. o Could be true, but too convenient to accept.

 

[The_Technician]

imported post

Hmmm, I thought I was getting the post in soon enough.....at least as soon as I could after the transaction, and I have been making all my transactions before 11:00 central time....I believe I was trying to post and transfer earlier the last time or so ....so you guys could see it in time....

I'm aware of the situation with you guysand I will be trying to post earlier when Idecide to get in or out.....It seems some of you guys arenow watching my moves, I appreciate the compliment.........

Currently, I think we are going into some very risky territory....and I will be moving in and out on some day to day basis while the market is in a downtrend.........do I hear any gulps out there.....:shock:....this is like jumping in the water with sharks swimming around......

Funny, I cut my experience on fast moving individual stocks and now I'm applying that experience on an index.....indexs seem to be easier........but you never really know do you....to tell you the truth, I have even surprised myself on how much easier it is with indexs.......I should have been doing this several years ago....

I know I have done well since joining the board, and I believe I can keep it up.......I just want you to remember this .....in our current environment.....don't stay in for more than a few days at a time.....knife cuts in the marketcan happen anytime and they can't be detected exactly when they are going to happen.......if you lose one day, you can make it up again another day......there is alot of recovery ability later if you lose 1-2% one day......if you're losing now, you may want to consider licking your wounds and getting out and recover later.....I wouldn't stay in and lose more.....

Currently I'm looking for a knife cut at anytime, then I'll be looking for day to day entrances and exits.....

I swear I was picking up info last month that was telling me that around the 14-24 this month we were going to see a weak market.........

Gee... yesterday I found out that my excel spreadsheet that I quickly set upover the last 3 weekswasn't yet foolproof.....sometimes I could just kick myself....

There is still money to be made....

The Technician

 

[The_Technician]

imported post

Market didn't drop like I thought it would yesterday.....it was possible for the market to stay up but I didn't think there was enoughinterest in it......again the volume on the S&P strangelyended on even 0000's, this makes three days in a row.....could this be the start of a bear trap....???? :shock:

I stiil say that the market is taken a drop soon....we may get these up days in the mean time though.....I'll just sit to the side and watch......

I'm not riskinga pennyduring this uncertain time.....no sense in it.....