Reply With QuoteI am thinking of making the same trade because I think those people short will cover for the weekend. It's just a gamble if you do and that falling knife can hurt.
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Play for the bounce... if only we had unlimited trades again
Looking at the markets being down ~4.5%, my first thought is to buy today and sell tomorrow - thus plaaying for the bounce. This straegy usually works well, especially on big move days like today. You don't want to move in and stay because the bounce could be a dead cat bounce and markets fall again after the bounce. With limited trades, you can still make this maneuver, if you are currently in F or G. However, you then are stuck in F or G till the end of the month. I'm actually still leaning toward making this move. If we bounce by say, 1.5%, that is still a great return for August. You end up safe in F or G till September 1. There is less than two weeks to go in August. The markets are unlikely to rocket up from here over the next two weeks. Of course the markets could end the month up 3-4% from here and you will miss the chance to participate in that move.
Decisions, decisions.... If only we still had unlimited trades.... I could save us all some money and reduce our overall TSP administrative cost by making extra trades... (I know that sounds counterintuitive, but it actually cost us more money in admininstrative cost because we have limited trades. I need not covor that topic again.)
A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ...My Account
Re: Play for the bounce... if only we had unlimited trades again
I am thinking of making the same trade because I think those people short will cover for the weekend. It's just a gamble if you do and that falling knife can hurt.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Re: Play for the bounce... if only we had unlimited trades again
The FRTIB has done us a GREAT disservice by limiting out trades to 2 a Month. They should to be FIRED for causing the members to lose so much money and increasing costs in this time of computerized trading. Thanks for NOTHING!
Re: Play for the bounce... if only we had unlimited trades again
Only fired? I would think something more would be in order. It is a documented fact from the FRTIB minutes that trading costs have went up since the trading limits were imposed. I for one do not like being held hostage to two trades per month. I would gladly pay for the priviledge to have additional trades..... on a few down days I would have paid $1000 just to have one more.Originally Posted by nnuut
The FRTIB has done us a GREAT disservice by limiting out trades to 2 a Month. They should to be FIRED for causing the members to lose so much money and increasing costs in this time of computerized trading. Thanks for NOTHING!
Re: Play for the bounce... if only we had unlimited trades again
We held the 1120 area again today. Will we hold on?
For a short term trade one could buy today and have a stop loss trade below Spx 1120.
could be a double bottom pattern.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Re: Play for the bounce... if only we had unlimited trades again
I remember when we only had one move a Month and that was by phone!
Re: Play for the bounce... if only we had unlimited trades again
Me too. Agh, those were the good ole days huh?
100 G
RSI - Relative Strength Indicator DMA - day moving average
Re: Play for the bounce... if only we had unlimited trades again
Lost my BUTT during 911, sold low bought back in high!
Re: Play for the bounce... if only we had unlimited trades again
Yeah, I held all the way down too.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Re: Play for the bounce... if only we had unlimited trades again
I had no clue back then. (not that I have one now) I just kept those contributions going...
Re: Play for the bounce... if only we had unlimited trades again
The dangers of trying to pick a bottom are obvious in a bear market - but here's the problem with not trying to pick a bottom. Remember this time last year? Market pops on Sep 1 and the boat left without the bears. It wasn't until November that there was any real opportunity... unless you chased.
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: Play for the bounce... if only we had unlimited trades again
I'd prefer to DCA on the downside but then again I'm humble enough to chase on the upside - I just want to own wall flowers at any price. I may get off the ice tomorrow and begin buying again.
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