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Hi Adam,
Lots of smaller trades or less frequent larger one???? I guess that depends on each ones trading character... I've always tended to lean towards smaller increments and more frequency. If I'm trading then I know I'm wiggling to a better spot with every trade. A person can make a lot of $$$$$$ on a stock that traded -10% to +10% every year, but would never trip a by the book 20% buy/sell signal, and you can't apply the algo math if your not buying/selling... The advantage to larger, less frequent is you hit some gigantic home runs if it plays out correctly... But there's no way to know in advance which is better cause we don't know the future of any position... Just my 2 cents... Profit from your ideas!
Dow 2018 Gains Gone At Open...
Based on the indicated open, all the gains for 2018 in the Dow 30 will be gone... I'm feeling good about my 13.38% gain so far in 2018 after that news, plus I've only averaged 69.10% at risk... Some firm out there needs to offer me a job! I see the "inverted" yield curve is no longer inverted now that the 1000+ point 2 day drop is over... Too much West Coast Koolaid on here, the middle of the country is doing well... Always remember to "Profit from your ideas"
Update...
Update through 12/04/2018 yesterday's close... Annual Return 20.39%... Simple Return 13.38%... ROCAR 19.36%... Avg At Risk 69.10%... Stock 89% ... Cash 11%... 52 Buys and 56 Sells ... Collected a nice dividend from one of my bank stocks already, and I have a much larger dividend yet to come... Those sure help as my banks got hit hard yesterday so I stepped in and bought more... This is at or near yearly lows for the Pocket Change Portfolio, but the good news is I'm loaded for bear if we get a bounce back... "Profit from you ideas."
Pocket Change Portfolio Addition,
Added another bank stock to the Pocket Change Portfolio yesterday. Profit from your ideas!
Re: Purchasing,
I've just added another banking sector stock that met my criteria...
Waldenbooks Ann Arbor,
I purchased my first copy of the book in Ann Arbor, Michigan while we were on vacation. We went up and stayed a week for 25 straight years. We played golf every day and always went to the Michigan 500 IndyCar race, which is why we went up. I was in a Waldenbooks store when I looked over, and out of the corner of my eye I saw this book. 'How to make $1,000,000 in the stock market automatically." Since then I believe I've obtained every edition printed, including the elusive first printing. My memory is telling me July 1997, IndyCar always ran the last weekend of July at M.I.S., was the year I first purchased the book. Sorry to say, but the activity on this board has slowly, but surely, drifted down since it went out of print. JMHO... Profit from your ideas!
Hi Tom, Re: Relatives,
Agreed prices have moved down on both the medium and longer term... But the yield distribution on the funds I hold has not kicked up yet... Best guess is it was a short 28 day month,first business day to last business day in September... Also, they could of sold some bonds earlier in anticipation to raise cash, to redeploy later at a cheaper price... Don't get many buy/ sell signals in bond funds, but I'd wait for a jump in actual distributed yield before taking a shot at it... It's all relative and always about your relatives in bond funds... By definition, as new bonds replace older maturing ones, yield should rise, but it hasn't happened yet for me... I remember my distributions from September 2013 when I first retired, and the few months after that... Vanguard has not got back to those levels since with the subsequent drop in rates after that... Best regards, Ken
Update...
Annual Return 46.55%... Simple Return 21.42%... ROCAR 32.29%... Avg at Risk 66.33%... 44 Buys... 47 Sells... Commentary... As the market has hit new highs, my basket of stocks had a pullback of -26.86% over the past 60 days since my last update... I've loaded back up as per the plan and tripped a sell yesterday... I'm well off my highs for the year, but sitting sweet if my prices move back North... Profit from your ideas!
One red cent......
Came within one cent of a buy yesterday, then the price moved back up on me. Whatever you have it must be contagious! Even I put in a GTC order today to see if I can trap them at the open, I'll know in 17 minutes..... Profit from your ideas!
Hi Allen,
Mine is not loaded on this machine... But I think Jon has it and can copy you in... Jon sent me the HUSKY already...
Sell yesterday...
Tripped another sell order yesterday around lunch time... It's been a great week for sure... Profit from your ideas!
Hi Adam, Re: execution,
That's a good point.... I read the bids on Level 2 to make sure there's enough to cover my sale without driving the price down... On the other side I've had market makers buy or sell me 1 share, which trips a GTC commission, and then take the price 20 cents in the other direction... Also by putting "All or None" I've had my orders skipped around and ignored and not executed... Besides, as crooked as Wall Street trading is, I don't like to have my cards on the table with GTC orders... I'd rather just hit'em with a market order... Plus it saves me $5 bucks.... Grin
Hi Tom, Re: GTC,
On my end I'd save a few bucks going "market" vs "GTC" order. I'd always weigh taking a nice profit much more than risking a pull back, plus the added savings of the market order helps a tick too... Same feelings exist when you do get a GTC fill, only for the stock to rise several % higher that day... There's no right or wrong I guess, but I like to bank profits... Sept, Oct are coming soon and we've been around this game awhile, I'd take the cash on all of them and hit that sell button... Also it looks like our oscillator has risen a bit lately, allowing that to be your guide would say "sell" ... Best regards whatever happens, Ken
Hi Tom, Husky
I've been cleaning up around my home office... I've found EZ-Money, MyWay, my original PCA disks and Newport disks with updates... I can't remember if I saved Husky to a file on computer, or it's on a 3 1'2" disk, or burned it to a CD data disk? In any case I've not stumbled across it yet... Seems like EZ-Money followed, and was a vast improvement in his results... Traded a few emails with him, and were close to meeting up when he became in ill health... He drove right past here on their way to Florida every year... Wish I got to meet him... Thanks for your memories!
Hi Tom, Re: HUSKY Link,
There's not a HUSKY link on a yellow sticky, where might one find a place to download it? I already have Don's EZ-Money... Best regards, Ken
Update...
YTD... 34 Buys... 39 Sells... Annual 135.06%... Simple Return 32.75%... ROCAR 50.44%... 35% Cash... 65% Stock... Towards the top of the "Hold Range"... New High for 2018...
Newport
I still have my original Newport program disk, and multiple copies of it, and I run it on a Windows 98 emachines-333. I remember there were a few updates to the software nuts and bolts as time went on, so I copied all those and the original on blank disks...
Hi Capt'K,
That is a awesome idea! Best I've heard on here in years!
Hi Allen Re:Frequency,
Yes a lot of that makes sense... I'd just ad in that if you run out of cash, then you're program is dead in the water. Trading too frequently and you can run out cash way too soon, or have very little to sell on big run ups... Trading too fast misses the big swings, the big home runs so to speak... What's the other side? Not trading enough, or little at all is also leaving a boatload on the table too... As you sit and wait for one 10, 15, or 20 percent swing, you may have been able to have multiple smaller swings in that trading range that far overwhelms one larger trade... So what's the right answer? I don't think there is one... Every trader on here has their own trading personality... One must do what's right for himself... Best regards...
Hi Tom,
No experience with either... I use AI on my PC... Did you go to the Indycar race at Mid-America a few weeks ago? Best regards, Ken
The Window Dressing Portfolio,
Maybe I should rename my portfolio to "Window Dressing"... True to form for 2018, as stated in my last update, I sink like a rock the first couple weeks every month, only to have a huge rebound by the last day of the month as everybody tries to make sure my stocks are back in their portfolios on the way back up... -9.71% since June 1st and my last update... Purchasing has been on top of it as usual and I'm sure shipping will be busy before the 30th... Profit from your ideas!
Grub?
Do I win a free dozen golf balls? Just asking.... grin...
Update...
YTD thru 6/1/2018... 35% stock.. 65% cash... Avg at Risk 64.15%... Simple Return 28.60%... Annual Return 465.41%... ROCAR 44.59%... 28 Buys... 35 Sells... Just a couple quick notes... I seem to be in a monthly pattern where the first two weeks suck big time... Then that gets followed up with a strong 3rd week recovery, with another strong 4th week after that... Seems to repeat this year so far... After a high of 90% stock, to start this past month after adding another security to the fold, I took selling opportunities to raise cash back up to a more "par" level with the v-wave... My ROCAR and Simple returns remain strong to date, and the Annual has been very strong as well... Profit from your ideas! Now, back to the golf course...
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Hi Allen,
Congrats!
Hi Ocroft, Fantastic Job!
Excellent work!!! Thanks for the explanation and the examples, Best regards, Ken