Thread: Rod's Account Talk

Hummm... I just may not be entering the market come October as planned in late January.

(G) Man checking in... yep, still 100 (G).

With the DOW now at a 5 year low, I am getting EXTREMELY excited about the gains potential once this sucker takes off again!

I'm just afraid it's going to be later rather than sooner.

So, I simply need to remain patient as I have been doing since late January.

Originally Posted by Rod

With the DOW now at a 5 year low, I am getting EXTREMELY excited about the gains potential once this sucker takes off again!

I'm just afraid it's going to be later rather than sooner.

So, I simply need to remain patient as I have been doing since late January.

Your patience will pay HUGE dividends!

Waiting for capitulation.
Anyone's guess.
And when it happens we may not even know it-right away.

And may not be a one day event.

Originally Posted by Rod

With the DOW now at a 5 year low, I am getting EXTREMELY excited about the gains potential once this sucker takes off again!

I'm just afraid it's going to be later rather than sooner.

So, I simply need to remain patient as I have been doing since late January.

"Patience is a Virtue" and you have been Patient. I personally don't care if we go up 1,000 down point's at this point and be in the G-Fund.

I need to see a trading range.

As of now we continue a sharp downward trend.

Originally Posted by poolman

"Patience is a Virtue" and you have been Patient. I personally don't care if we go up 1,000 down point's at this point and be in the G-Fund.

I need to see a trading range.

As of now we continue a sharp downward trend.

I'm with you. I'm looking for that range too. I'm not only looking for the bottom to set in, but to settle in. And I'll sacrifice that initial 10% gain to find it. Because once we do settle, there will be another 20%+ to gain.

Originally Posted by Rod

I'm with you. I'm looking for that range too. I'm not only looking for the bottom to set in, but to settle in. And I'll sacrifice that initial 10% gain to find it. Because once we do settle, there will be another 20%+ to gain.

I don't see the bottom settling in as of yet. There are still to many problem's. And they just seem to keep coming.

I'm sure there is going to be an up day that will be a Giant Rally. Possible 1,000 points on the DJIA. So what! The trend is your friend. Follow it the best you can. Trading restrictions are making it very hard.

I along with other's Deserve to see a trading range without getting upset that we didn't benefit from a One Day Super Rally. We are still in a Downtrend with Confirmation.

What is going on around us is very serious. I feel that I could Dive in tomorrow and and possibly be at a bottom with these prices but that has been the case for the last 5 trading day's.

Yeah, I'm sure around 1500 today when the DOW was up over 100 points folks thought we were closing green.

Lately, one cannot predict the close until the close.

That said, at this point in time having more flexibility with our trading limits wouldn't make much of a difference to me since there has been so much fluctuation within the market.

Even if I had unlimited trades, I would not have been exercising those lately.

Imagine trying to predict the close now based on the 1200 deadline?

Too much zig-zagging happening!!!

I have not a thing to prove. So, I shall remain in (G)!!!

The Volatility (VIX) has been excruciating at times.

I will be 100% positive (In my head) when I make my next move.

You know what ticks me off???

With today's rate cut, now we're getting even less $ in interest on our money market savings account, where we keep our emergency savings.

Side note- I have been gaming my credit union though. I recently applied for a rewards card and place ALL of our monthly bills on it (besides mortgage/car), to include every purchase we make. We ensure that sucker is paid in full each and every month. Our reward has been averaging about $75.00 a month. I figured what the heck... since the credit union isn't giving jack in my savings, I'm going to make them give me jill in my spendings. Heck, that will be nearly $1,000.00 annually in rewards.

If you are disciplined with your credit cards, as we are, you might as well take advantage of a rewards card and place every fricken purchase/bill you can on it!!!