Wiff007's Account Talk

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There are moments in time when I get the gut impulse to cut and run like the wind - but then I remind myself that we my have another ten years to go with our current mega trend secular bull market - that's comforting. I'll stay and play rope a dope
 
Wiff007 said:
My question is on is all you who do say 100-S or 100-C how do you stomach it when the market goes down and you lose say 5K or more at once. I'd be scared I would check out of market then miss the rebound but then worried that I might lose more if I don't jump out. Maybe the L2040 is a better bet for me now at least it makes 4% so far this year.
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Wiff007,

Have to agree with you that it is very hard to stomach it when the market goes down and you lose 5k. I've kicked myself many times when this happens. However, over the years I have learned that even though the price per share goes down, you still have the same number of shares. In reality, you do not lose anything until you sell at a lower price than you bought in at. The key is to have patience and wait for the market to come back around and sell when the price is higher than when you bought in. That is what helps me to stomach those big losses.

Good luck and happy investing!:smile:
 
Birchtree said:
There are moments in time when I get the gut impulse to cut and run like the wind - but then I remind myself that we my have another ten years to go with our current mega trend secular bull market - that's comforting. I'll stay and play rope a dope
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I agree, I'm afraid I might miss out next week now that I pulled out.
 
ravensfan said:
Wiff007,

Have to agree with you that it is very hard to stomach it when the market goes down and you lose 5k. I've kicked myself many times when this happens. However, over the years I have learned that even though the price per share goes down, you still have the same number of shares. In reality, you do not lose anything until you sell at a lower price than you bought in at. The key is to have patience and wait for the market to come back around and sell when the price is higher than when you bought in. That is what helps me to stomach those big losses.

Good luck and happy investing!:smile:
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ill try to keep this in mind. I think I really need to work that buy low and sell high strategy if possible.
 
Theory is that the equities will keep going up long term. When it dumps buy more shares. When it finally goes up you have more shares worth more $. That's the theory. It works if the equities (CSI) keep going up and you don't need to get the money during a down turn. I long ago learned that looking at the $ amount lost will make you feel bad all over. I still look at it but try to think in %. The bright side is if you lose that much in a day, you have much in your TSP.

Good luck with the buy low sell high thing. I am no good at it which is why I am pretty much B&H. When I do pull back I have a really hard time getting back in and usually watch gains slip away. It doesn't have to be a 100% in any fund at any time. For me I have stuck with 40G60C for a long time. Inertia, frozen by fear, orders from co owner to never lose her half. Call it what you like.

Just letting you know you are not the only one who feels this way. FWIW. Best of luck.

PO
 
Wiff007 said:
ill try to keep this in mind. I think I really need to work that buy low and sell high strategy if possible.
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Hi Wiff, You might have some fund playing with this link to BigCharts.com.

Dow Jones U.S. Completion Total Stock Market Index, XX:DWCPF Advanced Chart - (DJW) XX:DWCPF, Dow Jones U.S. Completion Total Stock Market Index Stock Price - BigCharts.com

I have it set to show DWCPF = S fund. When you hit this link you can then click on different options over on the left hand side of the screen to change it.
For example, if you put in SPX (replace the DWCPF) and hit draw chart button, then it will show the C fund action. If you use EFA that will give you the I fund. Warning: When you enter spx make sure you place that in the open area just under the words "Advanced Chart" because if you do it further up in the chart it will throw you off.

This chart is set to show Bollinger Bands and moving average lines computed based on the close of business prices for the last XX days as shown up in the top left hand corner of the first chart... Yellow line shows 10day simple moving average, Blue line shows 20 day moving average, and red line shows the 50 day moving average (of prices looking back).

Then the charts further down are for the MACD and Slow Stochastic and RSI technical indicators.

When I first started looking at charts, I looked at timeline shown down at the very bottom and would look up and down... looking at the same day or week to see how the MACD, Slow Stochastic and RSI compared to what was happening with the price action. The MACD and Slow Stochastic has a second line that is based on shorter moving averages. Those can be used to help you decide when to enter or exit the market. Some people use that or other methods or a combination of methods. If you have time, it would be best to read about each of these indicators out on investopedia.com.

Yep...pour a cup of when you get a chance and read about anything that interests you to start understanding what each indicator can provide you . I've learned a lot by doing just that.. But....playing with the charts, changing the settings, and just better understanding what those indicators means is helpful to developing your own trading strategy. Call me crazy but I really like to play around with the chart settings... think it is fun!! Hope you do too!

oh.. one more thing... You can save the link as a favorite or book mark on your computer and then just access it whenever you like.

Investopedia.com can also help you understand what these "candlestick" daily prices mean. Each candle represents the opening price, intraday price action, and daily closing price.

Best wishes to you and everyone on your investments !!!!! :smile:
 
Itchn2retire said:
Stockcharts.com chart school is also very good. ChartSchool [ChartSchool]

And try to get into a habit of reading the daily blog. StockCharts.com - Articles
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Wow!!! Itchn2retire...Great article found using the link you gave to daily blogs. Thank you!!

This is the article that caught my eye--link below. Awesome information on how to spot indicators of a bear market. I guess you probably already read it.

In this article it explains the various sectors compared to S&P 500 (SPX) that confirm we are still doing well, and then the "defensive" sectors that can indicate an approaching bear!!! Probably lots of folks on this site know about this, but I didn't!

This link is to the first of a series of articles on this topic. I just finished reading the 2nd of about 8. The link to subsequent articles are under the author's name..Tom Bowley. I'm definitely taking notes!! Just the kind of information we need at this time. Best wishes!

P.S. I also like Stockcharts.com but have not been able to figure out how to get a link to paste into my TSP Thread, or even how to save the settings. I use it free but must start the chart from scratch each time I do. I figured maybe you only get to save the settings if your a paying member of that site.

Trading Places with Tom Bowley: How Do Stock Market Tops Form? Part 1 - Articles - StockCharts.com
 
DreamboatAnnie said:
I figured maybe you only get to save the settings if your a paying member of that site.
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Yes, you have to be a member to save charts. It's not a fancy chart but for the sake of testing to see if a non-member can see a chart here's a link to one of mine:

AGG - SharpCharts Workbench - StockCharts.com

Wiff007: If there were a crystal ball on when to buy/sell stocks then we'd all be rich and there would be no need for this forum. It's not easy guessing the market but if you continue to read the resources provided to you (such as all the links above) it will eventually start to make sense. I joined this forum about 5 months ago and have read something almost every night to increase my knowledge on charts, indicators, strategies, or whatnot. (And re-read later when I didn't understand it the first time.) I've made some mistakes, and will continue to do so, but I hope to learn from them. A lot of it is still a bit confusing.

If you are not comfortable using "real" money then place your money in a lifecycle fund as you have stated and use the autotracker feature here to "test" your trading skills. It is inconceivable that you will make money on every trade so don't get too upset with yourself when you make an error. It is going to happen and it is especially challenging with the IFT limitations. The most important point is that you are taking an interest. Best of luck to you and continue to post your questions.
 
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Thanks for all the cool sites to check out. I definately will.

Now I'm wondering if I should IFT today if the market goes down like early talk is this morning lol.
 
Hi Wiff:

There are probably hundreds of sites and services available to investors. I like this one because it includes a lot of important information quickly but that is just me. What works for one person doesn't work for another. https://www.crystalbull.com/

Best of luck in your investments.

FS
 
no IFT today for me. Have a question though

I am interested in the L2040 since I won't be retiring till around 2035 or so. If wanted to mirror the L fund but not use it cause I do not want to invest in bonds sound wise?
 
Morning everyone.

Anyone know if we have any Major reports in the media due tomorrow? Market seems to be having a slow day so far. Hope we go up today. Don't wanna IFT to G yet because market seems to be all down today so hoping if it stays this way we get a big boost tomorrow.


Anyone worried about June? I hear the rates could go up and I'm thinking of the 100-G to start June then just IFT twice if the market goes down like this past Tuesday.
 
Well stocks set for another down day it seems :(.

Now question is do we anticipate Greece to get the help on its debt by Sunday; so Monday can be a great day I hope lol. Or should IFT be initiated to be safe :/
 
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