| StockFetcher Forums · Stock Picks and Trading · A Newbie's Journey | << 1 ... 32 33 34 35 36 ... 48 >>Post Follow-up |
| shillllihs 6,102 posts msg #145165 - Ignore shillllihs |
10/31/2018 6:21:37 PM I’ve explained this about 5 times out here but here it is again. In my opinion, you can go confirm it, unless I’m wrong, THE BULL MARKET ENDS WHEN BY USING THE SYMBOL SH, THE MONTHLY MA(2) CLOSES ABOVE MA(21). AND I WOULD RE-ENTER WHEN IT CLOSES BELOW FOR A MONTH. SIMPLE. |
| sandjco 648 posts msg #145166 - Ignore sandjco |
11/1/2018 12:49:02 AM Thanks Shillihs! Noted. While I have zero proof (besides my lack of activity)...I haven't been around here for a while and haven't read nor followed any market related news. Based on your feedback with MA(2) at $29.44 > MA(21) $28.70...I should still be staying away for now. Too bad I read the above just now after I added to AMZN for my B&H. It is currently at $1598. |
| sandjco 648 posts msg #145210 - Ignore sandjco |
11/7/2018 12:29:30 PM Added to TQQQ $56.76. Sorry Shillihs...gonna take a dip! |
| sandjco 648 posts msg #145245 - Ignore sandjco modified |
11/12/2018 4:17:13 PM Yikes! Picked up TQQQ at $48.89 to bring ACB at $50.75 with $12,000 at stake. Picked up TECL at $114.10 to bring ACB at $126.87 with $5,000 at stake. I screwed on this order (the original as I didn't obviously need TQQQ AND TECL) as I meant to pick up more TQQQ. Burned thru $17K out of a $50K bankroll Of course, thought about shillihs' SH advice.... |
| nibor100 1,103 posts msg #145257 - Ignore nibor100 |
11/13/2018 9:45:40 AM @sandjco, What does "ACB" stand for? Thanks, Ed S. |
| sandjco 648 posts msg #145258 - Ignore sandjco |
11/13/2018 1:44:40 PM Hi Ed, ACB = adjusted cost base Cheers |
| shillllihs 6,102 posts msg #145259 - Ignore shillllihs |
11/13/2018 2:32:06 PM Sandjco, in my opinion if someone is trying to get wealthy with stocks, they are making a mistake and or they just do not have enough money to do it the right way in real estate. I literally only play around with 2% of my net worth and the rest in properties and cds. It’s a desperation game for those without the means. I just do it for fun now that I’m living off of 16 rentals. In fact I have too much free time it drives me mad. Might take a trip to Greece next June and stay for 2 months, It’s great not working but I think people are meant to stay active. The one thing I can say about the market is there will be down times but can you stick it out until it rebounds and or add to the position to lower your cost basis. This should only be done if you are convinced your decision is correct. As I’ve gotten older, it’s much easier to ride out the storms, you know why? Because you start to see that we’re all going to be worm food soon anyway and things don’t really matter. |
| sandjco 648 posts msg #145261 - Ignore sandjco modified |
11/13/2018 11:35:55 PM Thanks shillihs! Always appreciate whatever useful advice I can take. For sure: 1. Don't "risk" what you cannot afford (and yes, sometimes like gambling...it CAN be a desperation move for some without the means). 2. Yes, there will be "down" times (like now); stick with it or add (only if you are "sure" - this is the part that is the most difficult). So far, I've followed my plan. And so far, I broke my plan to sell (Oct 17th) at $60.85 ($53.31). Therefore I'll be looking for the next rebound to sell (assuming I follow the "plan"). TQQQ has stayed below its 200MVA of $58.26. Am I risking $50K to get "wealthy"? Nope. I've been fortunate enough to do well buying great companies when my own financial advisor and parents told me that I was nuts buying certain tech companies that sometimes showed zero profit and nosebleed P/E's. I am doing this because I'm fascinated: 1. with the volatility and how it may be used to "compound" returns. 2. with the psychology of the market and its players. 3. I'd like to be able to leave my kids with a trail of what their old man was up to and how he did it (good or bad). 4. I can only travel so much every year before my wife drives me nuts! 5. is there a better way to make money using compounding vs B&H over time? You also may be right...that as we get older (I'm not there yet), our patience to ride out the storm is better as we've seen these crap before. Have a good night everyone. I picked up UWT at $18.50  |
| sandjco 648 posts msg #145271 - Ignore sandjco |
11/15/2018 6:54:49 AM The world is ending.../s         Or is it just a flash sale? Trump has the Senate; Dems got the house. Midterm Election = best buying op? Upside trigger? China spat resolution?  Oil anyone?  Apple suppliers reporting low guidance has spooked the market. Haven't we seen this before?https://seekingalpha.com/article/488771-apple-stop-comparing-apples-to-oranges Is this time really gonna be any different? Ah what a great time to be alive and kicking! |
| sandjco 648 posts msg #145273 - Ignore sandjco |
11/15/2018 9:08:25 AM What is going on?  |
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