Thread: Rod's Account Talk

Rod, I hear you, loud and clear. I, too, sidestepped 2008 and would like to keep that approach.

We've all been there but by the grace of God.. Lol. I just have a hard time getting back in when it starts to go up... I almost increased my position last Friday... But chickened out.. Then almost went to safety.. Then just decided to hold... Apparently this game isn't really for me... But forced to play...

Sent from my ONEPLUS A6003 using TSP Talk Forums mobile app

Originally Posted by kb9nvh

We've all been there but by the grace of God.. Lol. I just have a hard time getting back in when it starts to go up... I almost increased my position last Friday... But chickened out.. Then almost went to safety.. Then just decided to hold... Apparently this game isn't really for me... But forced to play...

Sent from my ONEPLUS A6003 using TSP Talk Forums mobile app

It was a lot easier back in the day when we could IFT in and out of Mr. Market on a daily basis. Two times a month is unreasonable! My advice is to set your entry point, and then go from there. For example, my entry point is a 5% pullback in the S&P. But the difficult thing with that is this: The S&P could rally another 10% from here before that pullback occurs. Then I would have missed out on those gains.

I believe the recent sell-off began on 21 Jan. Therefore, I am waiting for a 5% pullback from there. According to my current math, the S&P is up 0.21% from 21 Jan. So, I am looking for a decline of 5.21% as of now. At least that's how I see things. We shall see what the future holds.

God Bless

What more can I say? I continue to be bewildered at Mr. Market's tenacity. But, his days are numbered. But, how many more until his number is up?

I don't pretend to know. But, Cramer has been hinting at it lately. He's certainly smarter at this than I am. At any rate, Feb needs to start living up to its reputation!

God Bless

I have a feeling that the coronavirus will finally get Mr. Market's undivided attention when cases eventually become widespread in the USA. I try to watch "Outbreak: Coronavirus" nightly on CNBC. The program updates info/stats. Anyways, tonight's program mentioned a "vaccine could be ready in 18 months." I've also heard that a vaccine might be ready by the Fall. The bottom line is this: No one knows for certain when a vaccine will be made available. Unfortunately, thousands more people are going to die before a vaccine is developed. But fortunately, the number of cases should (supposedly) die down during the warmer months. Until then, it will get (reportedly) a whole lot worse.

Here are the latest stats:

60,017
Confirmed (This number was 12,040 on 1 Feb)

1,357
Dead (This number was 259 on 1 Feb)

5,953
Survived (This number was 283 on 1 Feb)

602,922
Infected (This number was 120,400 on 1 Feb)

Source:

https://virusdanger.com/global.php

God Bless

New IFT...

Effective 19 Feb: 100 (F)

God Bless

Whew!

Go figure... the day after I bought TSLA @ 852.00 it dropped a whopping 18%! It was the largest one-day drop since 2012! I thought, "Gee! Just my luck!"

Well, I find it very difficult selling at a loss. Furthermore, I knew it would recover. It was just a matter of time. That recovery happened yesterday. As of now, it is trading @ 932.00.

Of course, the roller coaster ride will continue. But, it's been a heckuva hedge against Mr. Market's red days! I'll continue to hold onto TSLA because it really is a fun ride... most of the time.

God Bless!

Originally Posted by Rod

ALL ABOARD the TSLA Train!


While waiting for the S&P 500 to pullback 5% (which might be awhile longer), I bought TSLA in pre-market trading @ 852.00. I had been eyeing it for a few days and finally pulled the trigger.

Is that the Tesla Train, or roller-coaster?

Originally Posted by tsptalk

Is that the Tesla Train, or roller-coaster?

Runaway train, then?

My longest-held position is ACAD. I bought in @ 1.76 in 2010. It is now trading @ 45.46.

I've been sounding this alarm for awhile now... at least for a pullback. But, now they are talking about a correction.

Goldman says market underestimating coronavirus risk: ‘Correction is looking much more probable’

Source:

https://www.cnbc.com/2020/02/19/gold...-probable.html