Whipsaw's Account Talk

[Whipsaw]

Oh No!
Hope I didn't spook you last week. :worried:

No... I had several indicators and analysis to back up the move... its up there in the thread.

 

[Whipsaw]

So what does it mean when it pops and just goes flat for the day? No conviction? No momentum? There are a couple of good size gaps below...

 

[DreamboatAnnie]

Looks like overnight trading primed the market to gap up,and many jumped in intraday until end of day--last few hours. Doesn't seem like volume was too bad per daily--actually pretty decent (second chart), but definitely looks like price stopped at 200 SMA brick wall.... see how it goes tomorrow... (because price touched upper Bollinger band -chart 2, but backed off with sellers at end of day -chart 1, it looks like some profit taking occurred). I am cynical and figure pros drove it up to 200 SMA and then exited at day's end..:notrust:

 

[Whipsaw]

Thanks, DBA! Maybe I'm a day or two early with my move to the F-train. We'll see.

 

[Whipsaw]

President Trump mentioned taking some form of action against china that would likely have some fallout by the end of the week... also, twitter and google are in the cross hairs as they censor comments; may be some action in work there as well. Possible market impact in both cases.

 

[ravensfan]

Hey WS. I'll probably never make the big screen on the autotracker, but I am 8th for the top posters over the last 90 days.

Now that's just nuts...:nuts:

 

[Whipsaw]

As far as posting goes... I guess I talk a good game, but according to the autotracker, I really SUCK at this! ;damnit

 

[Bquat]

As far as posting goes... I guess I talk a good game, but according to the autotracker, I really SUCK at this! ;damnit

Yes but you help by getting other's opinions and thanks for another Whipsaw Wednesday.

 

[ravensfan]

As far as posting goes... I guess I talk a good game, but according to the autotracker, I really SUCK at this! ;damnit

Yep, me to, although my last trade netted a gain of 1.96% plus whatever today brings. But that only happens every now and then to give me false hope that I am getting better at this...:nuts:

 

[Whipsaw]

Did somebody say Whipsaw?

 

[Whipsaw]

Jobless numbers are priced in? Opening up boosting the market, would be great to see that AND jobless numbers falling.

 

[Bquat]

As far as posting goes... I guess I talk a good game, but according to the autotracker, I really SUCK at this! ;damnit

Ok I checked your return. You got trapped in the down trend like many but fear kept you from reengaging. I went through this before and had to do IT's system until I built up my confidence. The other thing you can do is be a secondary trader for a while. Follow somebody that is stable in their conviction and regularly post their thoughts. Coolhand and Dreamboatannie are a couple of people that are both willing to help everyone. Go to the autotracter and look in the group beating the G fund or near it. Also next month look at the bottom of the autotracter and see how the premium plans are doing. We all get caught in a news event drop. So good luck. I have been there.

 

[DreamboatAnnie]

Hi Whipsaw, you've done very well over the years and better than me for sure... This year many people including the pros got the rug pulled out from under them...so yes...that really sucks, but Your Awesome!

I think some one last week was talkin bout stops. The pros always talk about that too! Of course they're talking about day trading, etc., but its a good thing to set a Stop no matter what. I figure 2% is my personal limit, and if only 50% invested I can withstand a 4% "market" drop in any single trade.

BUT..When I posted my NEW Strategy earlier this week, I mentioned indicators I want to use for entry/exits and in a way it DOES have a Built-in Stop (i.e. 13 EMA crossing below mid-point of Bollinger Band=20SMA), but ultimately I want to gain and if its a stinker, I never want to lose more than 2% on a trade. That's my personal goal. Thing is that once a person has more earnings in the year, one can reset the stop point/or percentage on each trade... I'm thinking the key is to plan your Exit point and your Stop...and not hold in market on "Hope" because that is so dangerous because you can keep hoping until you've lost a lot. if your set stop is breeched, just grit teeth, close eyes and exit. Well...that's my thoughts on it..... I know others have their own methods, etc. So far this year, its worked for me to limit losses.... but wish I could make money...

Best Wishes...Keep your chin up and God Bless You!:smile:

 

[Whipsaw]

Thanks, DBA! You're right on target, as usual. Looks like my exit on indicators was a week early :-/ I'm tightening up my shot group, though. Maybe we get a good reset with the china/hong kong/trade issues and then a good entry; I got dry powder!

 

[DreamboatAnnie]

Yes...wish I had crystal ball to decide on possible entry today...its been going up (overall) for more than month. If I enter, everyone clear out, watch for the belly flop...:laugh:

 

[Whipsaw]

Ok, so nothing is going according to any indicators, news, anything... I'm going to have to say *%&$ it! and jump in. I'm bleeding to death in the G fund.

 

[rangerray]

I'm in at 23% split between C & S Funds, but I'm thinking I won't try a 100% move until the next 1-day drop. Those days are still presenting fairly regularly (orange circled areas). I don't know where or when, but I'll look for a drop below the center of the channel I've drawn most likely. Just my opinion :smile:

 

[quabit]

Ok, so nothing is going according to any indicators, news, anything... I'm going to have to say *%&$ it! and jump in. I'm bleeding to death in the G fund.

I am with you. I did a one day stupid jump into the F fund and today I'm getting screwed. I was thinking the markets had climbed a lot so it has to take a rest. Guess that is what I get for not paying attention. I can't remember a time when I ever made anything in the F fund. Oh well going back to my original thinking, that the markets will at least break even at some point this year (just like the Nasdaq did). That is still a few percent away depending on which one you look at. I think they want it to just to thump their chest no matter what the economy etc is doing. As for the G fund I was thinking of still staying safe but they made the G fund useless so I am electing to use the L fund as my "new" G fund until they start raising rates again which is going to be a long ways off. I realize it is 70% iG but at least it moves some. I'm sure tomorrow everything will crash being my luck LOL.

 

[Whipsaw]

I was looking at that, about every 7 trading days, which includes today since the last dip. I'll wait another day... :-/

 

[Whipsaw]

Futures are off a little, will get back in today after missing most of the run up and eating a tremendous loss. So much for testing the lows. Its only money.