Whipsaw's Account Talk

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Looks like were getting our :buttkick:on this one. The :smashfreakB: will continue until morale improves....
 
OUCH! That's gonna leave a mark! I went and checked out the Grok Trade video, another thing I have been remiss in doing, he put a sell in on the 31st. That would have side stepped allot of pain. At any rate, on the fence with a stop loss move to G, or a sticky pants approach for fear of missing a snap back rally. Harrumph!
 
Whipsaw said:
OUCH! That's gonna leave a mark! I went and checked out the Grok Trade video, another thing I have been remiss in doing, he put a sell in on the 31st. That would have side stepped allot of pain. At any rate, on the fence with a stop loss move to G, or a sticky pants approach for fear of missing a snap back rally. Harrumph!
Click to expand...
Yes and I keep forgetting to exit a couple days before end of month during a strong month to pocket gains and avoid what FBN says was partly a rebalance of allocations by larger investment groups on last day of month. I'm not sure if that's completely true .... Would need to review that. The weekly and monthly equity charts still look good. F fund seems a train wreck....definite down trend. Right now DOW down 125 points. Ughhh:( one guy right now on FBN saying he expects stocks to drop to 23000. A second guy saying it will drop further, but won't say wen de to ugh EPS ratio. But ths last guy is a definite bear saying t needs to drop to 17000 to get back to historic norms.

Not sure how much more pain I can take. Going negative today and I don't want to dig myself out of a deep hole. Will be much more serious about exiting tomorrow. Will see....will tere be a turn around Tuesday or a little dead cat bounce????

I do think economy is strong. Cousin who s surveyor said there is a ton of work opened up in West Texas...so much so that they are paying $350 to $500 per night in Pecos area to stay at low end motels.

Best wishes to you ad everyone on your investments !!!!!!! :smile:
 
Given my risk tolerance and having made some money over christmas I'm stepping out to see how things shake out. Its probably a mistake but ....we crossed the 50 day and the whole run up was on fire. Im 50/50 on if there's more down to go and that takes me out to preserve what I made. Problem isn't getting out its getting back in for me.
 
Maybe I should have went with the stop loss??? In the immortal words of Frank Barone "HOLY CRAP!" :blink:
 
Whipsaw said:
Maybe I should have went with the stop loss??? In the immortal words of Frank Barone "HOLY CRAP!" :blink:
Click to expand...
Hmmm -- now that is a strange religion. I guess this occurs when the gods open the heavens and flush their toilet. It certainly felt that way today.
 
Well....DOW futures down right now by 790 pts. My sticky pants are total crap now!!!! :notrust:
Earlier in evening it was green by 80 pts or so.
No turn around Tuesday.

So what are we missing? Economy good. People that afraid of inflation? Really? Heard some folks say valuations were more in line with normal now. But one guy on FBN mentioned loose monetary policy for so long was cause for many to invest in market including borrowing at ultra low rates and using margin in markets, so with the start of drop, it accelerated with quick automated trading/stop loses and then lots of folks hitting margin calls.

Also heard Janet Yellin made some comment spooking market even further today. Or could it have started due to Treasury Sec. Mnuchin talking dollar down in Davos? I thought he was misunderstood and he clarified next day. The 1987 flash crash triggered by similar comment but they were in recession. We're not. Wow. This is a tough call cuz I know if I exit, market will go up. Looked at charts. Still not had 20 under 50 day EMA crossover. But I don't want to stick in that long... I think Charles Payne is still pretty optimistic.

Best wishes to you and everyone!!!!!!!!! :smile:
 
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DreamboatAnnie said:
Well....DOW futures down right now by 790 pts. My sticky pants are total crap now!!!! :notrust:
Earlier in evening it was green by 80 pts or so.
No turn around Tuesday.

So what are we missing? Economy good. People that afraid of inflation? Really? Heard some folks say valuations were more in line with normal now. But one guy on FBN mentioned loose monetary policy for so long was cause for many to invest in market including borrowing at ultra low rates and using margin in markets, so with the start of drop, it accelerated with quick automated trading/stop loses and then lots of folks hitting margin calls.

Also heard Janet Yellin made some comment spooking market even further today. Or could it have started due to Treasury Sec. Mnuchin talking dollar down in Davos? I thought he was misunderstood and he clarified next day. The 1987 flash crash triggered by similar comment but they were in recession. We're not. Wow. This is a tough call cuz I know if I exit, market will go up. Looked at charts. Still not had 20 under 50 day EMA crossover. But I don't want to stick in that long... I think Charles Payne is still pretty optimistic.

Best wishes to you and everyone!!!!!!!!! :smile:
Click to expand...

Afraid to but almost have to ride this out. Flashback to 2015 when I finished the year at a -2.17%
 
Thanks DBA, link on Drudge alleges never-trumpers in the FED up to no good, if that's the case, heads should roll, jail, etc. That said, us little folk have to deal with it. I agree with you and NASA, underlying fundamentals haven't changed, economy improving, jobs, tax cuts, etc. I suspect (really hope for) a snap-back rally, trying to jump out and then back in could result in being whipsawed ( :D :cool: ). I still have 2 IFTs left, leaving the possibility of a partial exit on strength and a later buy. JTH got caught in a down-draft last year and held his position well up into the high end of the tracker.

https://www.thestreet.com/story/14309564/1/federal-reserve-system.html
 
DreamboatAnnie said:
Well....DOW futures down right now by 790 pts. My sticky pants are total crap now!!!! :notrust:
Earlier in evening it was green by 80 pts or so.
No turn around Tuesday.

So what are we missing? Economy good. People that afraid of inflation? Really? Heard some folks say valuations were more in line with normal now. But one guy on FBN mentioned loose monetary policy for so long was cause for many to invest in market including borrowing at ultra low rates and using margin in markets, so with the start of drop, it accelerated with quick automated trading/stop loses and then lots of folks hitting margin calls.

Also heard Janet Yellin made some comment spooking market even further today. Or could it have started due to Treasury Sec. Mnuchin talking dollar down in Davos? I thought he was misunderstood and he clarified next day. The 1987 flash crash triggered by similar comment but they were in recession. We're not. Wow. This is a tough call cuz I know if I exit, market will go up. Looked at charts. Still not had 20 under 50 day EMA crossover. But I don't want to stick in that long... I think Charles Payne is still pretty optimistic.

Best wishes to you and everyone!!!!!!!!! :smile:
Click to expand...


I almost never log in anymore, but I wanted to see what folks here were thinking.

I think the concept of stop losses mentioned in this quote makes a lot of sense. Think about it. The recent run up was unprecedented...everyone knew it wouldn't last forever. So what does a big money trader do? Well, stay you gotta stay in. But to protect your assets you program in a really tight stop loss. Makes sense to me. But who knows. We're all just throwing darts.

Good luck to all today!!
 
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