| StockFetcher Forums · Stock Picks and Trading · A Newbie's Journey | << 1 ... 24 25 26 27 28 ... 48 >>Post Follow-up |
| sandjco 648 posts msg #142079 - Ignore sandjco |
2/9/2018 12:49:22 PM @pt... As a newbie, I was overwhelmed with SS and all its powerful features and the coding as I could not logically follow the code lines and how one connected with the other. Also, I was annoyed with the data feed (or lack of) support. However, I was very intrigued with the concept of a multi system that was back tested already. When Kevin stopped posting and left; I lost interest in reading thru the thread. He was a great coder (in my eyes) and I wanted to learn more...but that didn't happen. Therefore, in hindsight...maybe that saved me from being too over confident in the system signals to double up or triple up or go all in on XIV. Also, if you read my older post...you will find me wondering about the lack of volume during the down days. I still like SS and what it could do but the gong show in XIV reminds me again to trust my guts (regardless of my small wins) and that no amount of back testing will save anyone on such a black swan event (unless there were built in "stops"). I, for one, was very complacent to think XIV would continue to be my ATM when it hit certain levels. I was wrong. I need to find a way to align signals with my gut. So far, Mac's Guppies are the closest ones visually. |
| sandjco 648 posts msg #142085 - Ignore sandjco |
2/9/2018 1:49:21 PM Urghh...will close all positions and suck it up. Back to the drawing board. |
| sandjco 648 posts msg #142114 - Ignore sandjco |
2/11/2018 9:06:58 AM A bear market or just a correction? Rates rising apparently is the culprit. Which one is which? A bear market, by definition, is a 20% fall from its peak (Dow or SP500) with widespread (subjective) pessimism. Apparently, 1 bear every 3.5 years. The last ones were in 2007 and 2009...so, it seems like we are overdue? Unless I am mistaken, SPY at peak was $286.58 and it is now $261.50 or about a 10% slide. No macro triggers on the horizon. Markets came back on Friday; leading me to believe that the dips are bought. Advisor sentiment (from what I've heard) is turning bearish; which is good for a contrarian. YINN, EDC, and JNUG all got stopped out. Using EOD of $32,73, $117.11 and $12.26. Haircuts of 15%, 6.4%, and 6.6%. Hindsight, seems like I should have added on Friday instead of using stops. XIV was such a bitter taste that fear ruled the head! Monday is another day....clean slate. Will buy the dips and stick with the program. Wonder how options would fare... Interesting how the ETFs I follow are close to or sitting at the 200 EMA. |
| pthomas215 1,251 posts msg #142116 - Ignore pthomas215 |
2/11/2018 10:51:07 AM sandjco "dips are bought" is what got you to lose on XIV. dips are not bought immediately. we are not done. |
| sandjco 648 posts msg #142119 - Ignore sandjco |
2/11/2018 1:56:13 PM thanks pt...in other words...stay patient?! boy..this gonna be a test of will power! |
| pthomas215 1,251 posts msg #142121 - Ignore pthomas215 |
2/11/2018 2:34:01 PM sandjco, ha ha indeed it is. I'm not patient in the least but lets take the reason why i exercised strength on XIV. I kept watching it hit my support points. got excited at 78. but I like to see it test that level at least 3 times before i consider entering. If I remember correctly it tested 78 once and then went through it like a hot knife through butta. then by 50 bucks my senses went off. meaning 7% to 25% drop overall, ok, i get it. but 50% drops means something seriously is wrong. |
| sandjco 648 posts msg #142127 - Ignore sandjco |
2/11/2018 5:27:25 PM I know what you mean pt...however, the strange thing is that I NEVER ever saw it hit the $70's...i was happy it hit the $90's and then boom...the next day it imploded! it was almost like a few big hedge funds cornered it enough to trigger the expected action from CS. |
| sandjco 648 posts msg #142175 - Ignore sandjco |
2/13/2018 8:41:50 AM Bought SCIF using EOD $64.90 and GASL $17.89   |
| sandjco 648 posts msg #142214 - Ignore sandjco |
2/14/2018 9:07:39 AM Eerrieee....almost like ppl are waiting for the other shoe to drop or expecting this bounce to pitter out or waiting for the next set up to align... If one "trades"; what happens next shouldn't really matter no? it would then be a matter of playing the "swings" to meet one's profit/risk tolerances. For B&Holders, it was a chance to dollar cost average at a discounted price from the recent highs.     probably won't get much action till the next earnings season... |
| four 5,087 posts msg #142221 - Ignore four |
2/14/2018 10:08:26 AM https://investorplace.com/2018/02/how-long-will-this-market-volatility-persist/ |
| StockFetcher Forums · Stock Picks and Trading · A Newbie's Journey | << 1 ... 24 25 26 27 28 ... 48 >>Post Follow-up |