Thread: Intrepid_Timer's PUBLIC Account Talk

Originally Posted by Intrepid_Investor

Doubled up on my Fas when it was down 8% this morning. Part of a good trading system is your purchase strategy. In my smaller accounts (< $5000), I go in 100% when I get a signal change because of transaction fees. In my larger accounts I either go in 33%. If the price goes down 5% from where I bought, I buy another 33%. If it goes down 10%, I buy another 33% to put me all in.............................you're basically combining DCAing with trading. Now if I get a quick single change (3 days), I can only sell the original 33% and use that to buy the other direction, which would be either Fas or Faz, so I would be at the mercy of the markets for a day if I'm all in at that point. Luckily, this doesn't happen often....................

Great points, it's very hard to trade an account with little money, becuase the cost of the transaction fees eat away your profits. The saying "It takes money to make money" still holds true today.

My take is Euro recovery in progress.... then news got ugly.
http://www.marketwatch.com/story/yen...ars-2010-07-16
Euro support

At the same time, the euro is benefiting from a number of factors, said Marco Annunziata, chief economist at UniCredit Group.
These include a "paradoxical" situation, he said. Despite the fact that the recovery in the U.S. is clearly more robust than in the euro zone, the Fed "sounds more dovish and seems to be toying with the idea of a renewed wave of quantitative easing, whereas the [European Central Bank] sounds cautiously more optimistic and short-term market rates have tentatively begun to edge up," he said
Investors also appear to be gaining confidence in the policy measures that individual euro-zone governments have undertaken to address the crisis and rein in deficits, while Asian investors appear more comfortable taking on sovereign-credit risk within the euro zone, he said.
The European banks stress tests due for publication next week, however, remain the "make-or-break challenge" for the euro, Annunziata said.

Originally Posted by Intrepid_Investor

Well that AGG changed quickly. Wonder what that was all about............

Originally Posted by Intrepid_Investor

Sold Faz at $14.20 for a loss of -3.66%. Bought Fas at $22.85.

Beginning balance on 01-04-10: $10000. Current balance: $14848.

Sold Fas at $19.88 for a loss of -12.99%. Bought Faz at $15.92.

Beginning balance on 01-04-10: $10000. Current balance: $12919.

Originally Posted by Intrepid_Investor

Sold Fas at $19.88 for a loss of -12.99%. Bought Faz at $15.92.

Beginning balance on 01-04-10: $10000. Current balance: $12919.

OUCH!

Hey brother, you need to stop that....I didn't jinx you this time though!

Can't win em all.......................

Just made a slight adjustment to my trading system and my TSP system. With this adjustment, I would be going to G fund today and buying Faz. We'll see how it goes going forward...............

Intrepid,
Your slight adjustments are a lot more successful than mine have been!
Nicely done!

Thanks General, sir...........

I do believe that in order to be good trader, you have to continually adjust your trading strategy right along with the market. I don't think a strategy that worked say 10 years ago, would work today with the same results. I think the powers that be, institutional investors or whatever, change up on us occasionally in order to throw us off so we can't "figure it out". I see several people that I respect here, having trouble this year. I think it's because they don't look for adjustments. Once someone gets to the point that they realize that no particular strategy will work forever and always, they'll become a better trader................just "tweek" things a bit once in awhile.............

Good luck!

Excellent advice.. were I on the other side of the pendulum for the year, I'd be tempted to dive back in. But for now, my plan is to simply preserve capital.
May be a little more daring on the next dip!

Oh, and this "General" is a girl - (The moniker is a quip on the fact that my last name is the same as a well-known WWII general).

Originally Posted by Intrepid_Investor

Thanks General, sir...........

I do believe that in order to be good trader, you have to continually adjust your trading strategy right along with the market. I don't think a strategy that worked say 10 years ago, would work today with the same results. I think the powers that be, institutional investors or whatever, change up on us occasionally in order to throw us off so we can't "figure it out". I see several people that I respect here, having trouble this year. I think it's because they don't look for adjustments. Once someone gets to the point that they realize that no particular strategy will work forever and always, they'll become a better trader................just "tweek" things a bit once in awhile.............

Good luck!

Great stuff, I myself have found that not all indicators work all the time, the trick is to know when they stop working and how to adjust them to fit the markets current mood.

I must admit you've been doing awesome, but I do wonder if you are going to get a bit more conservative for fear of losing what you've gained, or a few spots on the tracker?

I guess what I trying to say is the top tracker spot affecting your trading, or are you trading with less fear?

Originally Posted by The General

Excellent advice.. were I on the other side of the pendulum for the year, I'd be tempted to dive back in. But for now, my plan is to simply preserve capital.
May be a little more daring on the next dip!

Oh, and this "General" is a girl - (The moniker is a quip on the fact that my last name is the same as a well-known WWII general).

Sorry ma'am................

http://www.olive-drab.com/gallery/description_0049.php

Hmmmm, I wonder.................