pthomas215
1,251 posts
msg #133316
- Ignore pthomas215 |
12/20/2016 11:34:09 AM
ha ha well, lately if you follow me you are gonna lose money! I went to Harvard with him. I do indeed recommend Contrafund until the January effect. but as you say, it is nothing glamorous.
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shillllihs
6,049 posts
msg #133317
- Ignore shillllihs |
12/20/2016 11:42:06 AM
Truth is, I can beat his return 10 fold. The problem is if I follow him or if I follow me, will I have the patience
to stay with the plan. I can return 25% in a month then shut it off for 11 months, but will I?
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pthomas215
1,251 posts
msg #133319
- Ignore pthomas215 |
12/20/2016 12:07:04 PM
I know. No, you wont. Because if you really love trading/investing, it is in your blood and when it is you always want to get in when you see a fantastic set up. Im a real estate guy new to this, and I would say my biggest problem is patience during dips.
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shillllihs
6,049 posts
msg #133321
- Ignore shillllihs |
12/20/2016 12:47:44 PM
My goal for the New Year is to look at everything in terms of weeks and months and not days, also to focus more on position sizing. Going all in when you think you reached a bottom can be treacherous.
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Kevin_in_GA
4,599 posts
msg #133324
- Ignore Kevin_in_GA |
12/20/2016 1:23:53 PM
Position sizing is very smart - focus on how much you are willing to lose, then use the natural volatility of the stock or ETF to determine the size of the bet. Example - if you are willing to lose up to but no more than $1000 on any given trade, and you want to take a position in one of your typical leveraged ETF trades, you can approach it as follows and adjust your thresholds to meet your own tolerances and objectives.
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pthomas215
1,251 posts
msg #133326
- Ignore pthomas215 |
12/20/2016 2:48:38 PM
Thank you both. Both comments help a lot. what a great filter Kevin.
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Kevin_in_GA
4,599 posts
msg #133327
- Ignore Kevin_in_GA |
12/20/2016 2:51:03 PM
If you are planning to short, you just ADD the 2ATR to the close price. The number of shares will be the same because it is set by the volatility, not the direction.
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shillllihs
6,049 posts
msg #133328
- Ignore shillllihs |
12/20/2016 2:54:28 PM
This is good stuff.
I've been taking smaller positions and diversifying more and though I don't get the same rush when I win, it takes the sting out of losses.
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shillllihs
6,049 posts
msg #133334
- Ignore shillllihs |
12/20/2016 10:38:14 PM
Bought Ung, Uso Kwt for buy n hold before the close.
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shillllihs
6,049 posts
msg #133342
- Ignore shillllihs |
12/21/2016 9:58:33 AM
Ok, we are clear for takeoff, VXX will peak out around 35-36, may dip into the 22s or just spike from here.
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