Thread: Whipsaw's Account Talk

We only make money on the change in price on our fund. It's not like we get the dividends for each share. If I get more or less shares makes no difference. It's the amount it went up/down that counts. 1% is 1% whether I have 1000 shares at $10 each or 2000 shares at $5 each.

Technically, it can be looked at both ways.

Share-wise:

"Last month I sold all of my S-Fund shares at $20, today, I bought them back at $15!"

Percentage-wise:

"Last month I IFT'd out of the S-Fund, today, I got back in after it was down 25% from where I sold!"

'Percents' are a more concise way to view things. Fewer numbers are needed to convey the same information. Less verbiage as well.

Mainly, in order for a reader to compare the Share-wise example with their own performance, they would have to take the time and effort to convert the "share" verbiage into percentages. So, IMO, percentages are easier for the reader to utilize.

Futures are down... Monday is the last opportunity to use any August IFTs. Maybe another buying opportunity if there is a significant decline.

Futures are down ~ 2.5%, will this bounce or continue to slide over the next few days? Some comments on the board that we're entering a bear market... will have to watch this closely and potentially change my strategy of DCAing into the lows to dip buys and rally sells. Buy low, avoid capitulation (locking in a loss by selling), sell high (at least higher than you bought in at), stand still to move fast (patience, make deliberat moves)...

Down goes the Obama market - ouch!

glad I shorted it yesterday

New buying opportunities... would like to get closer to the bottom... any calls on a bottom?

Originally Posted by Whipsaw

New buying opportunities... would like to get closer to the bottom... any calls on a bottom?

JTH says he likes 1930 (50% retrace) - sounds hopeful - that higher lows are coming. But I don't think recovery is that close, so I am looking at previous low or even intraday low near the old Oct2014 level. Below that, I don wanna tink aboudit Lucy.

Another fantastic TSP head-fake today. I was contemplating a move based on the morning action, of course, now I'm thinking a different move based on the afternoon. Thankfully I chose to do nothing (still a choice), and will reassess... the bottom may be in? Who's still looking for another leg down?

The talking heads at the link talking stabilization; china still trending down, the Friday August jobs report (if down, fed rates don't go up; if up, chances up of a fed rate hike; the china August growth numbers next week if up stable, down not so much.

http://www.cnbc.com/2015/09/02/us-st...m-selloff.html

Hi Whipsaw, I do not see true bottom in sight....just lower highs and lower lows...downtrend. My strategy IF I get in would be short 2-3 day play and not jumping in without a lot more pain and blood in streets, and fingers crossed.

Would expect up day tomorrow, and by Monday-Tuesday more drops as it seems China likes to drop its bombs on Monday and Tuesday. ;swear

Originally Posted by DreamboatAnnie

Hi Whipsaw, I do not see true bottom in sight....just lower highs and lower lows...downtrend. My strategy IF I get in would be short 2-3 day play and not jumping in without a lot more pain and blood in streets, and fingers crossed.

Would expect up day tomorrow, and by Monday-Tuesday more drops as it seems China likes to drop its bombs on Monday and Tuesday. ;swear

DBA, thanks! Allways appreciate your insight. I may move out this afternoon (futures are up, should be posative on the last buy); consensus on the board seems to be more downside action, though the talkings heads paint a rosier picture (more media manipulation? ). If I make the IFT, I'll have one more move in Sep. to get in... hmmmm....

There was good money yesterday - maybe more gains today? But I would rather wait - we will see more volatility and a bottom is coming with lower prices.