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06-11-2020, 07:07 PM | #5356 |
Coomer
Join Date: Jan 2019
Casino cash: $10000400
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Posts: 309
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06-12-2020, 06:29 AM | #5357 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $120477
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Dow implied open +500 this morning.
I didn't even look at my portfolio last night because I just didn't want the vision in my head all night. |
Posts: 40,808
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06-12-2020, 06:51 AM | #5358 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $704734
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Oof. I bet lots of fools stops got ran the last few days.
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06-12-2020, 07:12 AM | #5359 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $321900
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Yup, again goes to show why timing the market is just a fools game. And while I will use stop losses occasionally (to lock in gains on inflated stock), I only do it on a position I no longer want to own anyway. If you do it on a position you still want to keep, you end up buying back in at a higher price, using this week as an example.
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06-12-2020, 07:13 AM | #5360 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $321900
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Did some reading on the Golden Butterfly last night. I find that very interesting. Similar market gains but with 60%+ LESS volatility.
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Posts: 46,095
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06-12-2020, 08:06 AM | #5361 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $1184127
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That looks interesting but I am not sure about this permanent portfolio business. 25% cash and 25% gold?? I haven't read into a lot yet but I surely do not like that.
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Posts: 129,512
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06-12-2020, 08:10 AM | #5362 | |
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Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $321900
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Quote:
http://www.lazyportfolioetf.com/allo...den-butterfly/ |
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Posts: 46,095
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06-12-2020, 08:57 AM | #5363 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $704734
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I’d be out on anything that requires gold.
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Posts: 57,744
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06-12-2020, 09:24 AM | #5364 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $1184127
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Market is about 5 ticks away from some fast selling if we break negative...and as I type this, there it goes......
it's trying to hold at yesterday's close which is also the 200 day SMA ....that might hold it up .....but it being Friday makes me nervous about that holding for long |
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06-12-2020, 09:59 AM | #5365 |
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Join Date: Sep 2011
Location: Valley of the hot as ****
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My thoughts exactly but Gold’s shown to be similar to an “inverse” equities position without having to be in a more volatile inverse fund. You can see the numbers about how gold will offset equities losses in major downturns.
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06-12-2020, 10:27 AM | #5366 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $1184127
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I've never liked gold simply because it is a pure "trade". I have never seen gold as an "investment". Too often it's flat money that pays little if any dividends at all.
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06-12-2020, 02:01 PM | #5367 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $1184127
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Gonna have a fairly decent finish maybe....the last leg down was rather weak and we saw a good bounce off of that and the 200 day held. That's a good sign going into the weekend. There was every excuse for people to dump out in fear of Monday. Still lost about half of the gains for the day though. And we are not done selling. I am seeing continued selling for a bit.
Unless something happens I would say start prepping for election concerns. |
Posts: 129,512
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06-12-2020, 02:03 PM | #5368 |
I'll be back.
Join Date: Nov 2002
Casino cash: $3100478
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IBIO with a big surge EOD.
We all know what's coming.
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06-12-2020, 06:02 PM | #5369 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1161110
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Low IQ
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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06-12-2020, 06:15 PM | #5370 |
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