Money Investing megathread extravaganza - Page 707

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Mr_Tomahawk · 07-19-2021, 11:45 AM

DRNG going crazy now too...

BigBeauford · 07-19-2021, 12:02 PM

Bailed out of virtually all my stocks Friday. Things have been feeling strange lately between inflation, the weird housing market, and Covid still not being over. Feeling okay about it today.

**Munson** · 07-19-2021, 12:50 PM

I knew I should’ve gone to straight cash last week.

I’m afraid to even look at my account.

TwistedChief · 07-19-2021, 01:46 PM

Quote:

Originally Posted by Buehler445

list of inflation. Lumber is probably somewhat in there. Buy fuel is most certainly not. In 09 I happened to be at a seminar where the director of the KC fed walked through it all and food and fuel were not listed because they are so volatile they’re hard to track. WTF. That shit was wrecking the economy in those days.

I think you may have misunderstood. What this person was almost certainly referring to is the fact that the Fed targets core inflation (actually core PCE which is a bit different from core CPI primarily due to the way it treats at housing costs and medical expenses) and that those core measures exclude food and energy. The rationale is that they’re volatile and subject to supply/demand factors that the Fed can’t easily control and that short term disruptions usually revert.

Classic (error) case is the ECB who targets headline inflation (HICP) and they hiked into the housing crisis in 2008 because energy was spiking. This was not a welcome decision.

**Rain Man** · 07-19-2021, 01:49 PM

Quote:

Originally Posted by BigBeauford

Bailed out of virtually all my stocks Friday. Things have been feeling strange lately between inflation, the weird housing market, and Covid still not being over. Feeling okay about it today.

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.

BigBeauford · 07-19-2021, 02:26 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.

But on a real note, I wasn't keen on being responsible for other folks' portfolio based on what my gut is telling me. If I have learned anything about trading, it's that basic environmental observations have made me a lot of money as opposed to raw numbers. Also, the residential eviction moratorium ends in July. Not keen on seeing how that will impact the markets with my money in it.

**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.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1643101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,117

07-19-2021, 11:45 AM	#10591
Mr_Tomahawk Prestige Worldwide Join Date: Jan 2009 Location: Spring Hill, KS Casino cash: $30526	DRNG going crazy now too... __________________ Adopt-A-Chief: John Dorsey
Posts: 18,618

07-19-2021, 12:02 PM	#10592
BigBeauford MVP Join Date: Oct 2012 Location: Lenexa, KS Casino cash: $1666717	Bailed out of virtually all my stocks Friday. Things have been feeling strange lately between inflation, the weird housing market, and Covid still not being over. Feeling okay about it today.
Posts: 14,404

07-19-2021, 12:50 PM	#10593
Munson Roy E. Join Date: Sep 2005 Location: Olathe, KS Casino cash: $8409646	I knew I should’ve gone to straight cash last week. I’m afraid to even look at my account.
Posts: 23,384

07-19-2021, 02:58 PM	#10598
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1348100	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: 46,296

07-19-2021, 03:56 PM	#10599
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7014386	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: 11,437	1 0

07-19-2021, 04:22 PM	#10603
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7014386	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: 11,437