weatherweenie's account talk

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weatherweenie said:
Well, I got a refresher on why I gave up trying to trade stocks today.

Long story short is, went long when I shouldn't have, and shorted when I shouldn't have.

Bought back into UYG at the close just at $5.98. :sick:
Click to expand...


Sounds like you attended my seminar on trading. :D

That's rough, man. But, tomorrow is another day. Best of luck to you.
 
weatherweenie said:
Well, I got a refresher on why I gave up trying to trade stocks today.

Long story short is, went long when I shouldn't have, and shorted when I shouldn't have.

Bought back into UYG at the close just at $5.98. :sick:
Click to expand...

I had a limit order in to buy at $5.95....didn't fill.
You got the low trade at $5.98...good job!
Look for a 5% bounce upward tomorrow.:)
 
weatherweenie said:
Well, I got a refresher on why I gave up trying to trade stocks today.

Long story short is, went long when I shouldn't have, and shorted when I shouldn't have.

Bought back into UYG at the close just at $5.98. :sick:
Click to expand...


Yeah - I hear ya! Sold all of my UYG and bought TNA when the Russell hit new lows. Had some big gains and big loses trading UYG and SKF…. Yep – I sure have had enough of both…. It could be same with TNA, but I like small caps here and I'm playing things different now...

TNA up 25% Thursday down 22% Friday and down again today...

My thinking was small caps are due a big rally once we turn – when will we turn is the big question and it’s possible we will test the lows again tomorrow, or even close lower.
It's all about the buyers now. When will they buy again? The crooks will keep shaking out the weak Bulls until the whales starting feeding on stocks again. When they do things will change.

I’m still holding 747 shares of TNA and about 500 plus shares of the UYG. Reduced my TSP by 30% to off-set the TNA and control risk. Using my Brokerage Account now as an extension of TSP so I can have unlimited moves.

Hard to trade 3X funds using stops in this market so I'm using them as an investment tool. I know, don't let a trade become an investment. Well, it's not a trade - I'm done trading for now!

The swings are too big and the crooks clean up every day. Even smart traders are getting killed in this market. It's very hard to use stops in funds like this and they should only be used when we are at extremes. Well, I think we are close to a tradable bottom and think small caps could rally big. A 25% rally in the Russell 2000 is a 75% rally for TNA.
Could we go lower? Sure, but I'm not selling and I'll keep my 747 shares until my account is green again - and that will also happen. Again, how long is the question?

What a tough year this has been.... I’m on a buy for small caps and will hold for now.
Due to my TNA position I went 70% C Fund and 30% G Fund…. I’m only trend-trading now and I think we are due a bounce. However, been wrong plenty this year so good luck to all.
If you use TNA use it only at extreme levels and with care. Control risk with amounts! TSP rules have forced me to change my investment decisions and the way I’m using TSP and my brokerage account. The crooks also helped....

So, I’m now C=70% G=30% and TNA 747 shares which is my small cap allocation. The advantage is in the buying and selling and it requires less money for the punch. I’m done trading this year – I have had enough….. I’m trying to catch Bear Market rallies and using my brokerage account and TSP together to asset allocate my overall portfolio….

Good luck to you Weatherweenie –this is one frustrating market!
 
I think any election bounce is going to be short. Right now everyone's from the "Show Me" state, if you know what I mean. We've been shown the Lucy with Football trick ("Hey Charlie Brown! Time to Enter the Market!") a bit too often. The economy is where it is right now.
 
On a lighter note:

LOS ANGELES – Dr Pepper is making good on its promise of free soda now that the release of Guns N' Roses' "Chinese Democracy" is a reality.

The soft-drink maker said in March that it would give a free soda to everyone in America if the album dropped in 2008. "Chinese Democracy," infamously delayed since recording began in 1994, goes on sale Sunday.
http://news.yahoo.com/s/ap/20081120...s_dr_pepper;_ylt=AoajE9QE81d2IpMyzOJzWDEDW7oF
 
weatherweenie said:
Poor, Lois K Feldman. She says having sex in a public bathroom during the University of Minnesota-Iowa football game last week has ruined her life. Worst of all, the married mother of three was so drunk on wine she doesn’t even remember the steamy hook-up in a disabled bathroom stall at the Metrodome.

http://www.collegeotr.com/universit...room_sex_during_university_of_iowa_game_15987
Click to expand...


The husband and the young kid's girlfriend should have hooked up.:nuts:
 
weatherweenie said:
While I would like to think we're bouncing off of 'the bottom' I'm more inclined to go 100% G at cob today.
Click to expand...


WOW - It's great to see you again!!

You're one of the PROS that stood out when I first got to this site :)

It's amazing how much I still think of you, Dr. F., Ebb n Flow, ATCJeff, Boxcutter, Pogo, and the other champs that dominated throughout my introductory stage....

GL and hope all is going well
 
Steadygain said:
WOW - It's great to see you again!!

You're one of the PROS that stood out when I first got to this site :)

It's amazing how much I still think of you, Dr. F., Ebb n Flow, ATCJeff, Boxcutter, Pogo, and the other champs that dominated throughout my introductory stage....

GL and hope all is going well
Click to expand...

Thanks Steady.

The IFT limits and the market the last several months have made investing humbling.

I've basically been the deer in the headlights, staying 50% in stocks, and 50% in the G fund.

I was hoping for a pullback today, and it may still come. If it does, it will likely be after our cut off.

If it doesn't come, and we continue to rally, I would lean toward locking in this bounce, going to the G fund, and waiting for the next pullback.

Thanks again Steady!;)

And thanks to you FTRIB twits for limiting the number of moves we could make. Your timing couldn't have been worse if you had tried. Morons!!! :laugh:
 
Thinking we might get a pullback in the afternoon. With that, I'm hoping for a buying opportunity. I'm a bit rusty, but think we get a 50cent FV correction tonight in the I fund.

Anyway, I'm going
20% G
40% C
15% S
25% I
 
GRRRRRRRRRRRRR, misread the I fund quote for Tuesday. There is not a 50cent FV correction coming tonight. Sorry.

Going to 50% G 25% C 25% S.



weatherweenie said:
Thinking we might get a pullback in the afternoon. With that, I'm hoping for a buying opportunity. I'm a bit rusty, but think we get a 50cent FV correction tonight in the I fund.

Anyway, I'm going
20% G
40% C
15% S
25% I
Click to expand...
 
Thinking of using my 2nd IFT to take advantage of the I fund's FV correction today. Then again, I misread it the other day, sooooo pay me no mind :)

minus Friday FV (previous day) of -$0.2300


 
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