Thread: Wiff007's Account Talk

Anyone thinking about Monday and being the last day before Sept? Trying to decide if I want to get out completely or maybe stay in like 10-10. I figure Monday hopefully we get a rebound day, curious to see how the markets react with Tueday and start of sept.

Wiff007, that is where I'm at, most expect the market to go lower (following transports, china shrinkage, oil, etc.), I'm working a longer timeframe DCA into, hopefully, the bottom, for a longer term ride back up. Big risk ther is if we're entering a bear market, then it becomes a 'sell the rallies' approach. Hmmmm.... I have 30% exposure, FWIW.

Hmmm last day of month might lower my s and c to 10-15 %. Futures seem down, let's see what the day brings.

IFT, 10-S, 5-C. Gonna be conservative and see when that next big drop is and hopefully be ready to bounce then. Comfortable having 5 in c to make maybe something. However gonna play the waiting game. I think Oct-Dec will probably be some good gains, however sept lol who knows what that will bring. My luck it goes up then lol. Good luck to everyone

So question to all. If the Feds do not raise rates this month do you all think that the market could go higher or the reverse it could go lower due to delays in doing the rate raise?

That kind of stuff seems impossible to predict. It often does the opposite of what you expect, but if you count on that it does the oppoite of the opposite so you're left feeling like the smartest man in the world (Princess Bride). So rate could go up and we tank. Rates could go up confirming the recovery so we rally. Rates could remain where they are in Sep. so we rally in approval. Or that could indicate we are still in trouble so we tank. You just can't predict what's going to happen.

Futures pointing to 300 point opening loss. Hope it goes up, so do we buy the dip back up already? I am leaning towards waiting another day or so, hoping we don't have 3 or 4 days in a row in the red.

Wow 25 min to go and the market is goin. Lower, lol weird that I had a feeling the last 30 min of the day the market would sale off. Like a bad movie

Thinking tomorrow could be same or not as bad. Trying to decide to jump in for Thursday or wait and jump in friday?

So I wonder if the markets in China are closed Thurs and Fri does this mean that Thurs and Fri here could be good? Or do we then have to worry about the job report :/. Figured it would be a chance to jump in for a couple days until next week.

Okay so if I jump in today for Thursday and Friday, then bail Friday before noon. Will my IFT go into effect for next Tuesday? I think since Monday is a holiday the markets are closes?

Originally Posted by Wiff007

Okay so if I jump in today for Thursday and Friday, then bail Friday before noon. Will my IFT go into effect for next Tuesday? I think since Monday is a holiday the markets are closes?

It goes into effect Friday.