Thread: DreamboatAnnie's Account Talk

Ok. I am in 25S, 25C, 25F, 25G. gulp! hope it works out...keeping both eyes on the door! Best wishes to you all!!!

PS. So I set my loss tolerance at 1% (current earnings at +1.12% ...so, at 50% invested, I exit if market drop is more than 2% or so.... right now market is down 417 pts so might get a decent buy in at today's closing price...if Friday tanks, I can exit and still have other IFT to buy later in May. If I recall, it seems May does usually get some upside towards end of month. Will need to check that out ….

This morning is a bunch of horse poop! Yep, even the F fund is down .10%. Looks like market is starting to move a bit higher...not losing as much as it did at open. still.....ugghhh...its still a crap sandwich! What is it that one trader always say??? Rule #1, The market is always right! Something about Rule #2, if you disagree, see rule #1... eeeeeeee…. yep, gotta stay humble....this may just be testing tge 50 MA.... hummm… hoping it reverses enough before cut off to stay in.

Originally Posted by DreamboatAnnie

This morning is a bunch of horse poop! Yep, even the F fund is down .10%. Looks like market is starting to move a bit higher...not losing as much as it did at open. still.....ugghhh...its still a crap sandwich! What is it that one trader always say??? Rule #1, The market is always right! Something about Rule #2, if you disagree, see rule #1... eeeeeeee…. yep, gotta stay humble....

Just another reason to become a buy-n-holder. It worked out fantastic for me Nov 2009-Dec 2019... gaining 281% in account value. I just might have to go back to that "strategy" after I finally "settle" into my account. It takes out all of the guesswork/anxiety/stress, and now we have Daddy Fed on our side more than ever! So, how could we lose?!

Originally Posted by Rod

Just another reason to become a buy-n-holder. It worked out fantastic for me Nov 2009-Dec 2019... gaining 281% in account value. I just might have to go back to that "strategy" after I finally "settle" into my account. It takes out all of the guesswork/anxiety/stress, and now we have Daddy Fed on our side more than ever! So, how could we lose?!

eeee… big gap down...think its news driven... will wait another day or two. Gosh... I hate the market!

Did buy n hold for many years and did well.... plus no worries!

Originally Posted by DreamboatAnnie

Did buy n hold for many years and did well.... plus no worries!

Like I said!

Yes...only question is should I be "buy and hold" beginning now?

uggg...got too busy at work, lost track of time....I should have exited this morning...tomorrow will be seeing some ugly economic numbers....and charts hitting exit indicators. I do not believe in riding something down to the bottom, so putting in my exit for tomorrow. Gosh I could just kick myself for not exiting on Friday when I should have.

I need to write down my strategy in BIG letters and put it on my desk, so I can stop worrying and just trade without emotions. oh...and only trade with what I am comfortable with losing. Thing is that because I do think we are entering a bear market, its not good to count on reaching the highs we had in Jan/Feb. Plus there will be more shocks coming. I gotta get out! Don't get me wrong, I think there is money to be made but takes some nerves of steal to enter and then must only ride the bounce for a few days....

So, I will likely stay in. I would like to exit...high risk market, but intraday charts look good. Crossing fingers!

On intraday, Trix looks to be turning up. MACD is crossed over its signal line and headed upward. Good for today, but could turn on a dime...

On the Daily chart, as of a few mins ago, price is above the 50 EMA and 3EMA turning above 5EMA, 13 EMA still above 16 and MACD still hanging on. Plus all EMAs I use are above the Mid-point (dotted line=20 daily SMA) of Bollinger Bands. All good! My only frown is about the Stochastic...its been just under 80 but thinking it could be ready to turn back up. Will stay another day or two... will see....

Best wishes to you all.... if it drops tomorrow I will kick myself... Best wishes to you all....

Intraday 1-hour chart for S fund
DWCPF -now.png

2 month with Daily Candles as of a bit ago...S fund
DWCPF -daily.png

Ehhhhhgghhhh…. decided to exit. Back to Lillypad!

Stochastic now turning up slightly but my heart can't take no more! It's still at point where it could go either way, but bad numbers about to be released...especially Friday...job numbers. But who knows, seems each time bad news comes out on jobs, economy, we get "good" news from other places.... news from other places.... sooooooo...
Will see... but good thing is that IF market ever drops back to 20 or lower on Stochastic, I will consider buy in. Still have one IFT left for buy-in.

Also noticed that Bollinger bands are contracting...so there should be a breakout soon in one direction or the other. Will try to wait patiently.

Best wishes to you All* !!!!

PS did lose a little on this trade, but jot too much...will live to fight another day!

It's heading south at the moment, hoping the jobs # will take us to the lows and we can put this chapter behind us. Everything will be opening up, personally I don't buy into this permanent job losses being put out there.

Originally Posted by Whipsaw

It's heading south at the moment, hoping the jobs # will take us to the lows and we can put this chapter behind us. Everything will be opening up, personally I don't buy into this permanent job losses being put out there.

I don't either. I think the jobs numbers are not going to count for as much because people are probably thinking the "grand reopening" will negate the losses in the coming months. Read headline: MILLIONS OF NEW JOBS CREATED THIS MONTH