Thread: Danny's Account Talk

Still all-in so happy with today's +++gains!

Now the question is can we climb into a santa rally or is that just what they (the pros) want us to think just before they strip us of our last bit of profits and our TSP shackled dignity before 2012 ends?

Anybody experience the following error during the 30 min leading up to todays IFT deadline?

The website is too busy to show the webpage

HTTP 408/HTTP 409 I had to trade blind today! to make it more itchy I can now see that just as I was pulling some off the table...a lot of accomplished folks were going all in! Oh well, we'll see??? Happy Holidays folks! Danny

i think the forums were down for a little while, but seem fine now (obviously haha)

happy holidays to you as well, and welcome to the forums

Thanks Sniper! Your are the 1st person to reply to my Account Talk!

:>{D

Originally Posted by Danny

Anybody experience the following error during the 30 min leading up to todays IFT deadline?

The website is too busy to show the webpage

HTTP 408/HTTP 409 I had to trade blind today! to make it more itchy I can now see that just as I was pulling some off the table...a lot of accomplished folks were going all in! Oh well, we'll see??? Happy Holidays folks! Danny

Usually when the markets are moving, volume to this site increases exponentially. Remember that markets tend to move in trending fashion, so with the churning that has been going on the past few weeks, people have been waiting to see if they are positioned properly. Remember, it's about moving with the trends, most of the time it's never about catching the 'absolute' top/bottom.

But glad to hear you're making money! Hope you didn't allocate your position during this trend to go too conservative. Birchtree is predicting good things!

Originally Posted by Frixxxx

Birchtree is predicting good things!

Um, Birchtree is ALWAYS predicting good things... Not sure how accurate that makes him?

I've been in the Ralph Acampora camp - he believes the big cap stocks are in a new bull market, and the markets continue to climb the proverbial 'wall of worry'. He sees the financial stocks leading the way currently, and bonds in bubble territory. Ralph also notes many individual and institutional investors are on the sidelines, which is the wrong place to be. Snort.

Originally Posted by Frixxxx

But glad to hear you're making money! Hope you didn't allocate your position during this trend to go too conservative. Birchtree is predicting good things!

Yes, I am afraid I am playing this up swing to conservatively, but I have stayed too long in past trades this year and did not get out without losses, so I am willing to take a little pain watching everyone else make money this holiday as long as I can take a little gain today and hit my 2012 goal of a $100k TSP balance. Its gonna be close with today’s anticipated gains! Next year I hope to see the forest from the trees and trend more than follow signals.

Today I start out with my game plan of staying in until after Christmas dip or not...and then panicked at the TSP deadline thinking the site is clogged with everyone taking profits with their 1st Dec IFT and then waiting for a dip with the option of going back in for a late Santa Rally with their 2nd IFT. As it turns out it looks like most folks were going in today. At least I left 30% in so I still hope the best for equities!

Thanks for the come back!
Danny

Thanks for the comment Birch...I am a loyal lurker of yours~!

Will I have time to catch the wave come Jan 1st?

Thanks,
Danny

Tony says we are in a new multi-decade Supercycle bull market - so you'll have many years to build your base. We will never see 2008 prices again which means you'll have to pay up over time to accumulate shares. I'm an evangelical buy and holder and this market is going to make me wealthy. That's my destiny with a dollar cost averaging approach.

I screwed up the last two times the market crashed and held stock onthe way down. 2001 and was it 2008? Cost me a bunch of capital. Counting my max deposits and the matching 5%, I'm up 22% since 1/1/12. I'm a little over 5% away from breaking $400K for the first time. I'd love to break $.5M by this time next year. Still just over 10 years before minimum retirement age (although if I could have afforded it, I had the option of a VERA VSIP two years ago with 25 years in and any age). I appreciate all of the analysis several people on this forum has done and really enjoy reading the posts. Good luck to all of you.