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#13426 |
Fish are scared of me
Join Date: Nov 2001
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My BIL was telling me he invested in some I-bonds that paid 10% around 3 months ago.
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Posts: 40,693
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#13427 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,246
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#13428 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
It seems weird to me that a bank of all placed would tie up capital for the long term. I know that when interest rates didn't move for basically 20 years, it would be easy to get out of them, but as inflation poked up on the horizon (long before rates took off) that they would have unwound them, at least some of them. I'm an idiot, but that's the way I see it. |
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Posts: 57,475
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#13429 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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I know this dude pretty well. We had the same mentor (Tim Sykes) and started in his program at almost exactly the same time. Jack started late 2016, I started early 2017. He's taken it a little further than me at this point, but I'm hot on his heels.
https://www.businessinsider.com/stoc...-4-2023-3?r=rr A 24-year-old stock trader who made over $8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell Laila Maidan Mar 12, 2023, 2:00 AM
Five years into his craft, he has already been exposed to various types of market conditions, including the stock market crash of 2020, the raging bull rallies of 2021, and the bear market of 2022. One thing he has learned through it all is to keep things simple and remain flexible. "There's this acronym: KISS, keep it simple stupid. I don't think people need super fancy indicators to make money trading. I'm just using basic trend lines, support, resistance, volume, and those are all my indicators," Kellogg said. "I think if you overcomplicate the indicators, it will actually throw off your trading because then you're trading more on the indicators than the actual price action."
Spoiler!
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Posts: 13,419
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#13430 |
Veteran
Join Date: Feb 2012
Location: DE
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Posts: 3,814
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#13431 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,246
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#13432 |
Fish are scared of me
Join Date: Nov 2001
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Golden opportunity to make some 100% gains on bank stocks
I grabbed some PACW and FRC for the rebound Last edited by Hog's Gone Fishin; 03-13-2023 at 05:56 PM.. |
Posts: 40,693
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#13433 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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I'm pondering this as well. I picked up some miniscule amounts of SCHW and ABCB today. I really can't figure out why this stuff would have tanked SCHW so badly.
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Posts: 142,246
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#13434 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,693
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#13435 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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I'm just taking a wild guess - I don't know the author of the article or have any super-secret inside info or anything - but maybe they were referring to Feb/March 2020 when the Dow went from almost 30K to 18k in 3 weeks.
Some nonsense called Covid or something. Maybe you were absent or on vacation and didn't hear about it? ![]() |
Posts: 13,419
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#13436 | |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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Quote:
The bad news is I piked out in the low $11s out of one of the early volatility halts. I was thrilled at first because it was a scary stock to be in and I was just glad the trade worked, then it went almost straight up over $25 and I wanted to puke. Left a lot of meat on that bone. Almost feels like a loss. |
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Posts: 13,419
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#13437 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I'll be honest, my trading only works in bull markets where I can be very successful trading for a profit that's a lot more than the index. However, I don't have the skills to be making money in markets like 2022 and so far 2023. Johnny, what are some of the strategies he'd be using in a market like 2022 to make such good money? |
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Posts: 46,000
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#13438 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
Made a killin this morning on both these. Already sold and re entered on the pull back . Plan to grab more if they drop at market open. FRC was at $123 eight days ago. Can't imagine it doesn't hit $75 -$85 within 2 weeks now |
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Posts: 40,693
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#13439 | |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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Quote:
But yeah, he's a master of price action. Whereas newbs are buying breakouts, high of day breaks, etc., Jack is buying the consolidation at the end of a down trend just before it reverses. So he's selling into the newbs who are buying breakouts and HOD breaks. He also had the balls to size way up during that period in late 2020/early 2021. He crossed $1M in total trading profits in November 2020, and by March 2021 he was over $6M. So he really went all-in during that crazy run. We're required to integrate our broker's trading platform with a tracking system called Profit.ly, so all our trades are automatically uploaded into their system. So you can't cheat the system or fudge numbers. As the Business Insider article claimed, they verified his numbers with tax returns. I'll attach Jack's Profit.ly profit chart, you can see the almost parabolic rise in his profits at the end of 2020 to early 2021. ![]() Last edited by JohnnyHammersticks; 03-14-2023 at 07:18 AM.. |
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Posts: 13,419
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#13440 |
Fish are scared of me
Join Date: Nov 2001
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WAL was at 7.50 yesterday .
Now its at 37 |
Posts: 40,693
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