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**DaFace** · 06-27-2016, 11:23 AM

A place to talk about investing stuff.

**lewdog** · 07-19-2021, 02:52 PM

Quote:

Originally Posted by Rain Man

I must've missed the post where you warned the rest of us. You know, warned us so that we wouldn't get wiped out while you were climbing into your warm lifeboat.

Quote:

Originally Posted by lewdog

Tough trading this week. All my stops on new and old positions have hit.

I’m to 90% cash in my trading account.

I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.

https://www.chiefsplanet.com/BB/show...ostcount=10659

**lewdog** · 07-19-2021, 02:58 PM

Traders using a system actually like these small pullbacks. Stocks will consolidate recent gains, trend sideways to extend tighter bases and provide better technical entries on trades.

MTG#10 · 07-19-2021, 03:56 PM

I may be bagholding a few stocks for a while but I will continue to average down and my patience will pay off in the long run. Same thing happened last year when the market tanked, I averaged down more and more then ended up +74% overall at one point. And yes I'm posting/telling myself this for my own sanity.

**lewdog** · 07-19-2021, 04:05 PM

Quote:

Originally Posted by MTG#10

I may be bagholding a few stocks for a while but I will continue to average down and my patience will pay off in the long run. Same thing happened last year when the market tanked, I averaged down more and more then ended up +74% overall at one point. And yes I'm posting/telling myself this for my own sanity.

The problem with this strategy is that it works, until it doesn’t. No one can time when the market won’t bounce back quickly. Why not take steps to protect that 74% gain? What happens if this pullback turns into a significant correction or a bear market? Your averaged down positions continue to tank and that 74% gains you made evaporate quickly in losing positions. Take a look now at how far down you are from the 74% high. I bet it’s a lot? Don’t ruin your hard work!

MTG#10 · 07-19-2021, 04:10 PM

Quote:

Originally Posted by lewdog

The problem with this strategy is that it works, until it doesn’t. No one can time when the market won’t bounce back quickly. Why not take steps to protect that 74% gain? What happens if this pullback turns into a significant correction or a bear market? Your averaged down positions continue to tank and that 74% gains you made evaporate quickly in losing positions. Take a look now at how far down you are from the 74% high. I bet it’s a lot? Don’t ruin your hard work!

If a bear market happens, yes I'm ****ed. Otherwise I'll be fine...I hope. I can't really complain too much though, I still have a LOT more in my portfolios than I've put in. Once AMC goes parabolic I'll laugh at months like this.

**lewdog** · 07-19-2021, 04:19 PM

Quote:

Originally Posted by MTG#10

If a bear market happens, yes I'm ****ed. Otherwise I'll be fine...I hope. I can't really complain too much though, I still have a LOT more in my portfolios than I've put in. Once AMC goes parabolic I'll laugh at months like this.

Not just a bear market.

I think you’re underestimating the amount some of the speculative/growth stocks you’re in will drop on a 10% correction of the index. Talking 25%+.

Care to share how far from 74% your account has fallen?

MTG#10 · 07-19-2021, 04:22 PM

AMC Parabolic Arc has appeared: RARE and MEGA BULLISH

I dont typically put too much into TA, I've always kind of thought of it as the same as reading tea leaves but this helps my confirmation bias. Lew, what do you think of this?

MTG#10 · 07-19-2021, 04:24 PM

Quote:

Originally Posted by lewdog

Care to share how far from 74% your account has fallen?

I'm only up about 40% now.

**lewdog** · 07-19-2021, 04:34 PM

Quote:

Originally Posted by MTG#10

I'm only up about 40% now.

Woof. You gave away half your gains.

Thanks for being honest. Honestly I’m just trying to help and want you and others to succeed.

MTG#10 · 07-19-2021, 04:38 PM

Quote:

Originally Posted by lewdog

Woof. You gave away half your gains.

Thanks for being honest. Honestly I’m just trying to help and want you and others to succeed.

That number is misleading though because I've taken gains from my Fidelity account twice. The 40% is what they're currently at, not sure how it figures when you withdrawal gains.

I've also made some good money from UWMC dividends that isn't figured in.

rydogg58 · 07-19-2021, 05:04 PM

Quote:

Originally Posted by lewdog

I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.

https://www.chiefsplanet.com/BB/show...ostcount=10659

Well, I went 100% out of everything last Thursday also. I was also planning on putting a nice chunk of change into a new vanguard account last week also, but just didn't feel it was the right time. I might do that later on this week.

I already have a Vanguard account that is comprised mostly of their etf's, but was thinking of opening another account just for mutual funds. The reason being, I can have a regular withdrawal into the new fund. I want to have it automatically drop 100 each friday into the account. I've read around and vanguard says that only mutual funds can have automatic deposits on a regular basis. Does anyone else do this? The wife and I both have 401k's through our work, I am just looking for something else that doesn't require me to remember to move money in and out of different accounts.

**lewdog** · 07-19-2021, 05:08 PM

Quote:

Originally Posted by rydogg58

Well, I went 100% out of everything last Thursday also. I was also planning on putting a nice chunk of change into a new vanguard account last week also, but just didn't feel it was the right time. I might do that later on this week.

I already have a Vanguard account that is comprised mostly of their etf's, but was thinking of opening another account just for mutual funds. The reason being, I can have a regular withdrawal into the new fund. I want to have it automatically drop 100 each friday into the account. I've read around and vanguard says that only mutual funds can have automatic deposits on a regular basis. Does anyone else do this? The wife and I both have 401k's through our work, I am just looking for something else that doesn't require me to remember to move money in and out of different accounts.

Yup. That’s how I deposit into my ROTH IRA. Monthly automatic deposits into various mutual funds. Set and forget!

rydogg58 · 07-19-2021, 05:13 PM

Quote:

Originally Posted by lewdog

Yup. That’s how I deposit into my ROTH IRA. Monthly automatic deposits into various mutual funds. Set and forget!

Can you do it on a weekly basis also? I guess it doesn't really matter, it's just that my wife and I are on opposite pay dates so doing it on a weekly scale would nab a little from both checks.

**lewdog** · 07-19-2021, 05:29 PM

Quote:

Originally Posted by rydogg58

Can you do it on a weekly basis also? I guess it doesn't really matter, it's just that my wife and I are on opposite pay dates so doing it on a weekly scale would nab a little from both checks.

I think the most I can do is twice per month.

I just prefer once a month for budget tracking.

Peter Gibbons · 07-19-2021, 05:58 PM

Quote:

Originally Posted by lewdog

I think the most I can do is twice per month.

I just prefer once a month for budget tracking.

That’s not likely to improve with age.

06-27-2016, 11:23 AM
DaFace Kind of a mod DaFace's Avatar Join Date: Aug 2005 Location: Donkey Land	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 51,840

07-19-2021, 02:58 PM	#10697
lewdog Mod Team lewdog's Avatar Join Date: Sep 2011 Location: Valley of the hot as ****	Traders using a system actually like these small pullbacks. Stocks will consolidate recent gains, trend sideways to extend tighter bases and provide better technical entries on trades.
Posts: 45,607

07-19-2021, 03:56 PM	#10698
MTG#10 Mammoth penis MTG#10's Avatar Join Date: May 2006 Location: Springfield	I may be bagholding a few stocks for a while but I will continue to average down and my patience will pay off in the long run. Same thing happened last year when the market tanked, I averaged down more and more then ended up +74% overall at one point. And yes I'm posting/telling myself this for my own sanity.
Posts: 11,430	1 0

07-19-2021, 04:22 PM	#10702
MTG#10 Mammoth penis MTG#10's Avatar Join Date: May 2006 Location: Springfield	AMC Parabolic Arc has appeared: RARE and MEGA BULLISH I dont typically put too much into TA, I've always kind of thought of it as the same as reading tea leaves but this helps my confirmation bias. Lew, what do you think of this?
Posts: 11,430