Whipsaw's Account Talk

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Thanks for stopping by Mapper! Its good to see more TSPers posting, I guess the volatility brings folks out.
 
Mapper said:
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!!
Click to expand...
I bailed yesterday per my plan to not go less than what the g fund was giving me. I'm probably 1.5 k up from where I would have been if I had stayed in g over the holidays. In that I'm happy but sad that I almost had my new truck half paid for by Jan 28th. Now I have to battle with getting back in. Just have to come to terms with the fact that that money was never mine. Lol. Sad

Sent from my SAMSUNG-SM-N910A using Tapatalk
 
I agree with you W/S that trying to jump out and then back in again could get you whipsawed. Unfortunately we are on the wrong side of this trade at this point and jumping out could keep us on the wrong side. As hard as it is to watch, I think it is best to stay the course instead of locking in a huge loss. Volatility is through the roof today and what may look good at the deadline will probably be way different than the way things look when the markets close.

Of course the talking heads on TV have no idea as half of them say another 1000 point loss on the DOW, while the other half says we will get a 1000 point rebound. I guess they do that so whichever way it goes they can say "We told you so". :rolleyes:

Just broke out a new box of sticky pants. This bull is not throwing me out just yet...:nuts:
 
I'm sitting here perplexed - I just invested my 1st move for the month 50% into S yesterday and left the other 50% in G - now I'm second guessing and wondering if market is giving me a chance to retreat - but that would take my 2nd move and lock me in rest of Feb. Or I could just let it ride, and throw the other 50% if it keeps dropping the next couple of days. Decisions, Decisions
 
Bama, I think you're in good shape, buying on sale so to speak. RF and I being already in, as RF said, we're on the wrong side and can only get out and likely miss a rebound. As you just got in after a sizable drop, and only 50%, odds are the market will be higher than this point going forward, and you still have some dry powder should it drop further. I think you're on target with the second option you presented.
 
... Already gone through a 3-pack. I guess I need to buy a new box! :sick: For now, still in this market.

Ughhh... Started off this morning with more than -500 point drop , then within minutes was up positive +200 points and right now at -54...wait now at -124. Fox saying so far a 934 point swing. I am leaning toward staying in.....will see how this works out...uggghhhhh. :1244:

But plenty of talking heads to support you either way on FBN. Okay...... Fundamentals good, likely over-reaction, ...oh.. Charles Payne just now on Varney saying lots of automated trading....he said for last week and a half, he sees what looks like "deliberate attempt" to shake investors out of market. Not sure why he made such strong comment and what he s basing this on.... something to think about.....I guess the automated trading.???????
 
Harry Dent economist says market drops 40% in next few months. But indicating right now, there should be a retracement of about 50% of current loss, and that would be when you would sell.... another person saying market has over estimated amount of inflation coming...etc. Also, Charles Payne clarifying he is talking long term rise..... so tat says nothing about the current trend and about short term trading. Reconsidering exit maybe on retracement. Ughh:(
 
DreamboatAnnie said:
... Already gone through a 3-pack. I guess I need to buy a new box! :sick: For now, still in this market.

Ughhh... Started off this morning with more than -500 point drop , then within minutes was up positive +200 points and right now at -54...wait now at -124. Fox saying so far a 934 point swing. I am leaning toward staying in.....will see how this works out...uggghhhhh. :1244:

But plenty of talking heads to support you either way on FBN. Okay...... Fundamentals good, likely over-reaction, ...oh.. Charles Payne just now on Varney saying lots of automated trading....he said for last week and a half, he sees what looks like "deliberate attempt" to shake investors out of market. Not sure why he made such strong comment and what he s basing this on.... something to think about.....I guess the automated trading.???????
Click to expand...

Hope your right about staying in. Feels oversold...here. Feels dangerous...makes me think my fear level now supports being in. You know...play the fear risk. I'm scared to be in...so must be getting close. :sick:
 
Everything in me says scream and run for the door!!!! :worried: Just got back from store...new pack of sticky pants deployed. But if this market loses anther 3+ % I am out!!! I am at -3.24 now.
 
When faced with a market correction, there are several, simple action steps you should take.​
​

  • [*=1]Be patient
    [*=1]Fight your instincts
    [*=1]Stay diversified (don’t; get greedy or fearful)
 
TSP-roulette said:
When faced with a market correction, there are several, simple action steps you should take.​


  • [*=1]Be patient
    [*=1]Fight your instincts
    [*=1]Stay diversified (don’t; get greedy or fearful)
Click to expand...
I wanna take the "ostrich" approach.....but I'm too stinking curious. (Curious is my safe word for concerned) :eek:
 
The charts at the bottom of the page don't look too bad, maybe we are 'bottoming.' No pun intended... =:-o
 
I usually watch Charles Payne in the evening at 6:00 Eastern time. I remember he said the same thing probably the week before things went down January 22 - 26. He said something like though things were looking really good he could see that a moves were being made to cause the market to go down and shake out the weak hands. Hopefully the big guns will float things back up now that they have better prices. :smile:
 
Whipsaw said:
Wouldn't a 4 pm IFT deadline be nice? :-/
Click to expand...

Sure would. Think about the folks on the west coast, Alaska and Hawaii with the noon EST cut off time. Really stinks for them.

While we are wishing. Wouldn't just one more IFT a month be nice?
 
I've always thought the noon EST cut off was a detriment to us TSP folks. Changing it to 4:00 pm EST cut off would help to level the playing field, but maybe that makes to much sense...:rolleyes:

Sometimes me thinks only the politicians are allowed to win. :(
 
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