Thread: Rod's Account Talk

the 1547 comments on the SA article are equally interesting. kind of reminds me of the gang here. i learn alot 👍 thx Rod and gang and well wishes to all. heading back now to X22 and SGT Reports recommended by the one and only CH. 🧐

Originally Posted by Happy_Trails

Are the Seeking Alpha writers credible? Just curious what their overall track record is in terms of being right. I am out effective tomorrow and so, see myself as neutral at this point, no axe to grind regarding the bear or bull side.

There is a plethora of Seeking Alpha writers- over 15,000 of them. Each with their own take/opinion. Anybody who is qualified can apply to be a contributor. I'm sure you can research each author's "track record."

Here is how somebody can become a contributor:

https://seekingalpha.com/page/become...ha-contributor

Originally Posted by Rod

There is a plethora of Seeking Alpha writers- over 15,000 of them. Each with their own take/opinion. Anybody who is qualified can apply to be a contributor. I'm sure you can research each author's "track record."

Here is how somebody can become a contributor:

https://seekingalpha.com/page/become...ha-contributor

So, sounds like a crap shoot in terms of reliability.

Originally Posted by Happy_Trails

So, sounds like a crap shoot in terms of reliability.

Well, that's with anyone's "analysis." Just someone's educated guess about what will happen.

Originally Posted by Rod

Well, that's with anyone's "analysis." Just someone's educated guess about what will happen.

Eventually, everyone is right.

Originally Posted by Happy_Trails

Eventually, everyone is right.

Got that right. Just like a broken clock.

To reiterate what I wrote on Monday...

Originally Posted by Rod

Do not let your guard down. Continue to be extremely careful navigating through this minefield. Capital preservation should be our goal in this environment until Mr. Market has stabilized. But, if you find yourself caught in a bull trap, you cannot say that you were not warned.

As of COB yesterday, all of our accounts are out of the stock market. A very simple indicator seems like it could be the trick for this market. Buy at the end of April only if price closes above the 200 day simple moving average effective 4/30/2020. Following that simple indicator would have had me out for all of March because price closed below the 200 SMA on 2/29/2020. It suggests to be out of stocks all of April since price closed below the. 200 day SMA on 3/31/2020.

Originally Posted by Happy_Trails

As of COB yesterday, all of our accounts are out of the stock market. A very simple indicator seems like it could be the trick for this market. Buy at the end of April only if price is closes above the 200 day simple moving average effective 4/30/2020. Following that simple indicator would have had me out for all of March because price closed below the 200 SMA on 2/29/2020. It suggests to be out of stocks all of April since price closed below the. 200 day SMA on 3/31/2020.

I'm happily watching the markets tank and sitting happily 80/20 (G,C). I'll bite back in a bit at a time over the coming weeks...but I'm curious if you have your TSP contributions going in to G as well. I was 100 C prior to Feb 22, now I'm 45 C, 45 S, 10 G and happy with that.

What's the take here on contributions? Just curious, Im stoked where I'm at.

Beware of the inevitable "COVID-19 Has Hit Its Peak" rally. It will likely occur before the true economic shock sets in. Don't get caught up in it!

Originally Posted by mdfiasco

What's the take here on contributions? Just curious, Im stoked where I'm at.

Always, always, always have your contributions going into (G), and then allocate out from there. Or, you might find yourself contributing into equities on a down day. I'd much rather miss an up day than get caught with my pants down on a down day.