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Reply With QuoteJust sold another 25% NUGT at $30. Holding remaining 25% for $34.
Re: Question for the "Most Consistent Trader of the Year"
I certainly can post the next BUY my indicator system gives, but a more prudent strategy would be to wait for the Trending System to go to CASH and issue a subsequent BUY signal, and jump in then. I myself have very limited index-based long exposure at this time. The only exception being long a few individual stocks. If you are feeling anxious about missing out on the "ensuing rally," like most people on here have been lately, chances are we are close to at least an intermediate-term top. If you absolutely cannot wait and feel like you need to be in the market ASAP, you could always start to dollar cost average in. Also, if you plan on using the Trending System signals for TSP trading, it will likely be more suitable for that purpose than the Indicator System anyway, as it is a long-only system and issues BUY and CASH signals less frequently, accommodating the TSP IFT monthly limits.Originally Posted by buckeye113
The Indicator System is best suited for more active traders, and seeing as how the majority of us still have full time jobs, its usefulness for most people on this board is limited. I think most people that have found my systems useful will derive more benefits from the Trending System, which will remain public and free. For those that have inquired about joining the Indicator System group, stay tuned as I might open a small subscription-based option later in the year. This is all speculation at this point; I will need to consult with my business partner as we figure out the direction of our little venture.
I do think 2014 will be a better year for trading and will afford those looking to establish a long-term portfolio outside of TSP with discount prices. If the 2/1 up/down yearly pattern continues, we should be in for a wild ride at some point during the next 12 months!
Last edited by oleg850; 01-01-2014 at 09:00 PM.
Just sold another 25% NUGT at $30. Holding remaining 25% for $34.
Re: Question for the "Most Consistent Trader of the Year"
Thanks Oleg. I am in no hurry to jump in. I will do as you suggest and wait for the trending system to go to CASH and then jump in when it switches back to a BUY.
System Update:
(Trending) System goes to CASH.
Re: oleg850's Account Talk
Remind an old man... to cash from long?
Rules:
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Re: oleg850's Account Talk
The trending system is long-only, I believe, so it would have gone from long to cash.
System Update:
System goes LONG. I bought TQQQ at $120.30.
Re: oleg850's Account Talk
Ah, TQQQ! You're speaking my language!
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: oleg850's Account Talk
Thanks Oleg! At least we know that you're still alive!
Re: oleg850's Account Talk
Oleg - are you using the trending system for your own personal TSP account and if so are you willing to share your allocation? Are you going 100% S as of tomorrow's close?
My personal TSP Account is split between the Sentiment Survey and Intrepid Timer. Has been that way for a number of years and I am content with the performance thus far. I have a separate pool of money dedicated to ETF trading via the trending system, as well as other strategies.
A person could use these signals for TSP trading, however this certainly isn't the only option, either.
Because this is a trending system, the signal grows stronger once a trade begins to move in the desired direction. Unlike traditional dollar cost averaging, I add to my position as price increases in my favor, instead of buying more shares if prices move against me.
Right now, the system is early into this signal and there is always the possibility of a whipsaw. If you are not confident going 100% in, consider going in with a partial position and increase your exposure as the uptrend is re-established.
It's important to understand the difference between counter-trend trading strategies and trending strategies. The same rules do not apply to both. Where we welcome falling prices as an opportunity to add to our position in trading, that technique is frowned upon with trending strategies, where buying into price increases is the preferred strategy.
I personally use a fixed pool of money for trending positions, but I am also well diversified across several strategies.
If I was using this strategy for TSP investing, I would go in with 50% now, and add the remaining 50% in a week or so, should the uptrend resume, and thus augment the LONG signal.
Re: oleg850's Account Talk
Ok thanks Oleg. Yeah I am a little nervous jumping all in here, so I will go with a partial position. One possible drawback that I'm seeing is that there will always be a 1-day lag between when your trending system gives a signal (i.e. after the market close) and when I can actually act on it. This is not a criticism of the system but a frustrating restriction with TSP that we all have to live with. As you know a LOT can happen in the markets in one trading day.
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