Go Back  Miata Turbo Forum - Boost cars, acquire cats. > General Discussion > Insert BS here
Reload this Page >

Just curious... anybody dabble in the stock market?

Insert BS here A place to discuss anything you want

Just curious... anybody dabble in the stock market?

 
Old 12-26-2018, 04:19 PM
  #81  
Moderator
iTrader: (12)
 
sixshooter's Avatar
 
Join Date: Nov 2008
Location: Tampa, Florida
Posts: 19,097
Total Cats: 2,404
Default

Originally Posted by sixshooter View Post
Now that the price is down it is a great time to buy, not sell.
Ahem.
sixshooter is offline  
Old 12-26-2018, 04:23 PM
  #82  
Boost Pope
iTrader: (8)
 
Joe Perez's Avatar
 
Join Date: Sep 2005
Location: Chicago. (The non-murder part.)
Posts: 29,172
Total Cats: 2,870
Default

Originally Posted by bahurd View Post
Thought I'd leave this...
Yeah, I'm now re-thinking my previous position...
Joe Perez is online now  
Old 12-26-2018, 08:55 PM
  #83  
Elite Member
iTrader: (3)
 
Join Date: Mar 2008
Location: Granbury, TX
Posts: 6,178
Total Cats: 656
Default

Here's a good rule . . . whatever I do, do the opposite. I've now discovered that I am the sole market catalyst.
hornetball is offline  
Old 12-27-2018, 05:19 PM
  #84  
Junior Member
iTrader: (1)
 
Join Date: Jul 2018
Location: Boca Raton
Posts: 153
Total Cats: 47
Default

Originally Posted by Ryan_G View Post
In theory. Studies show people, especially non-professionals, are pretty bad at this timing and end up underperforming the market even when they are investing almost entirely in indexes. Pick an asset class that fits your risk tolerance and stick with it. Rebalance quarterly. If your stomach turns from short term volatility you are either overestimating your risk tolerance or you need a Xanax.
Originally Posted by Full_Tilt_Boogie View Post
Its sucks, but Im just going to roll through it like always.

Also, professionals are pretty bad at timing markets too. Building a market portfolio is always the answer unless you know how to cheat (like building an infrared laser computer network all over wall street).
I'm a registered broker in the industry for the last almost 5 years, been trading for the better part of 10 years and even I can't time the market lol. Anyone that says they have the secret sauce is full of ****. You can however make somewhat educated "guesses" based on the technicals/fundamentals of a position, execute and hope for the best.

Keep in mind, most traders are emotional and instead of sticking to rules and a system, trade on feelings, which makes the market akin to a hormonal teeanger who's parents dont get them. Even when disciplined traders stay the course with their strategy, they're still fighting against an often illogical market that in many respects is driven off emotion.
sometorque is offline  
Old 12-27-2018, 05:43 PM
  #85  
Boost Pope
iTrader: (8)
 
Joe Perez's Avatar
 
Join Date: Sep 2005
Location: Chicago. (The non-murder part.)
Posts: 29,172
Total Cats: 2,870
Default

Originally Posted by sometorque View Post
Keep in mind, most traders are emotional and instead of sticking to rules and a system, trade on feelings, which makes the market akin to a hormonal teeanger who's parents dont get them. Even when disciplined traders stay the course with their strategy, they're still fighting against an often illogical market that in many respects is driven off emotion.
See, this is my problem.

Fighting against an illogical market is what me got me into trouble in '07. So I swore that the next time the herd panicked, I'd go along with the flow.

That's not worked well the past two days.
Joe Perez is online now  
Old 12-27-2018, 06:01 PM
  #86  
Elite Member
iTrader: (1)
 
Join Date: May 2009
Location: Jacksonville, FL
Posts: 4,932
Total Cats: 317
Default

This probably wont help anybody with their stock portfolio, but its an interesting read:

Amazon Amazon
Full_Tilt_Boogie is offline  
Old 01-20-2019, 11:50 AM
  #87  
Elite Member
iTrader: (8)
 
bahurd's Avatar
 
Join Date: Apr 2013
Posts: 2,615
Total Cats: 259
Default

Originally Posted by Joe Perez View Post
Yeah, I'm now re-thinking my previous position...
Article for you in case you aren't keeping track: Three straight weeks of gains in the new year on Wall Street have erased nearly all of 2018ís losses. Itís the best start to a year since 1987..
bahurd is offline  
Old 01-24-2019, 12:48 PM
  #88  
Junior Member
 
Join Date: Dec 2017
Location: Tulsa, Oklahoma
Posts: 118
Total Cats: 4
Default

I follow a different method than most with 100% self directed stocks (no bonds or ETF's).
80% of the total dollars invested equally spread amongst high quality stocks in search of long term diversification (AMZN, AAPL, HD, V, BP, GS) that I only review each quarter to decide how much to hold/put/call.
The other 20% is in speculative growth, which is where I have actually have made most of my money.
What I am looking at is money that falls thru the cracks of the big buyers/sellers that buy & sell in baskets.
The theory being that when the big guys push the sell (or buy) button they are actually not doing individual stocks but specific amounts of various groups of stocks that somebody puts into a single basket.
When the decision happens to sell energy (for example) there might be 20 individual stocks in that basket that get sold off as a group.
This tends to make smaller cap stock prices swing short term more than the large stocks in that same basket.
I watch for big volume sell days where pretty much everything in the market is moving down as this tells me the big guys are all hitting the sell button.

Latest example of this was back in October of 2018 when the market peaked then started selling off until some time in December with lots of volume and lots of downward pressure.
I was watching WPX since it made it up to a hair over $20 in October before the entire market did the dump.
By December it was down below $12 with no good reason other than the overall market dump and the price of Oil dropping from the 70's to the 50's.
Set a trigger and bought a position at about $12.25 but it continued dropping so I doubled my position when it hit $11.
It continued dropping to high 9's but it never hit my next trigger so my current position cost is break even at about $11.80
Currently it is in the low 12's but my sell trigger is for $18.25, which should happen when crude gets back up to over $70 hopefully before the end of 2019.
The Russians and Saudis have indicated they will be cutting supply in order to get the price back up to that level and they have the focus and discipline to make that happed as they have proven in the past.
Another possibility to raise crude prices is supply disruption (Venezuela?) or news headlines that indicate potential supply problems.

It works real well for me but is not for people who are not willing to do homework and have a list of potential smaller stocks in baskets to watch for opportunities.

Update for April 16 2019; The price on WPX is currently just above $14.50 so it is climbing nicely.
Haven't sold any yet because I am still happy with my $18.25 sell trigger.
Being up 22% in 4 months is a really nice cushion to let me sleep at night while waiting for the next few months.

Last edited by BGordon; 04-16-2019 at 11:24 AM. Reason: April 16 update
BGordon is offline  
 


Thread Tools
Search this Thread

Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.