Investing General Discussion

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Kiroy

Kiroy

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Blazin said:
Not surprising at all to me that others will have substantially higher returns, the market is rewarding risk taking in a huge way. I'm quite risk averse , the pride of my method for me is the beta against market. I perform strongest in sideways markets, followed by down, and last in strong up markets. I very rarely have a negative month while still returning what I think are very healthy returns. People buying momentum could easily see 70%+ annual returns, until they don't.

The right method is different for everyone, a balancing act of knowledge, temperament, and time make the answer different for each person. Some traders will go with momentum which right now is gangbusters and recognize when the tide is moving and change strategies, the less experienced will keep at what was working not seeing the change in the market till it's too late and the habits that had been making them money begin costing them money.

This is why one of the things I recommend for anyone finding their way and developing their method/strategy is make sure you keep track of each type of trade you make and put them into baskets and keep notes so that you can later properly analyze what is working and what isn't and the conditions in which they worked and didn't.

I just went back and counted I have 37 down months in the last 240 months (15% of the time) and most of those where when I was still quite new. In the last 60 months I have had 4 down months (6.7% of the time).

This plays into why I don't believe anyone can really solidify a trading plan in a short time frame as you need to trade in different types of markets which can be many years apart. Part of why secular bear markets can be devastating is that they are rare enough that an entire generation of money managers, at the time one starts, will have never seen one before. The longer term secular trends 30-40 yr trends are a result of humans going through the same learning process generation after generation. Getting a little lost in the weeds but I expect the Millennials generation to have their secular bear market sometime in the 2030s and have all these bull market axioms turned on their head and we lose another decade or more like (1930s) , (1968-1982), (2000-2013)
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when the market turns you better be very active posting your PICK OF THE DAY
 
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Sanrith Descartes

Sanrith Descartes

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Rangoth said:
Sanrith Descartes Sanrith Descartes Since it is not possible to put trailing stops on those types of trades, BTNB what do you typically do? Just set new safety limits as it goes up, watch it all day, etc? Or do you just generally hold until you hear a merger announcement then dump?

I'm not so much asking for when to sell as I know that can be subjective, but how to sell. Just pick some % increase I'm happy with and drop it?
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I just sort of play it by ear to be honest. Once a SPAC gets near my target to sell I just sell it at that target if I can't set a trail on it.
 
Rangoth

Rangoth

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Sanrith Descartes said:
I just sort of play it by ear to be honest. Once a SPAC gets near my target to sell I just sell it at that target if I can't set a trail on it.
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Ahh ok, that's my point though. You have some target you want to hit and you just watch closely for it approaching, or I suppose bombing so you can get out before it gets too bad.

Why can't a trailing stop be used? Is it just my broker(etrade) or is this normal?
 
Sanrith Descartes

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Rangoth said:
Ahh ok, that's my point though. You have some target you want to hit and you just watch closely for it approaching, or I suppose bombing so you can get out before it gets too bad.

Why can't a trailing stop be used? Is it just my broker(etrade) or is this normal?
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Some products don't support it (like units).
 
Araysar

Loser Araysar

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anyways, sorry for the loss porn spam

and GME is up 25%

happy friday

1612543397667.png
 
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Sanrith Descartes

Sanrith Descartes

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Fogel said:
Finally closed out my CCIV 20 puts at 80% profit, rolled them into VLDR but at 22.5 instead of the 20 I mentioned yesterday.
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I am already up 55% on the CCIV 17.5 puts I rolled down to from the 20's.

I need to circle back on VLDR and look at it.

Edit: correction. I'm up 55%. I am up 20% just today.
 
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Sanrith Descartes

Sanrith Descartes

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I actually regret selling my BTWN early. It was a risk off day and I took the profit off the table. One of the few I feel I should have held on to.
 
Hateyou

Hateyou

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Araysar said:
thats a great idea

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That would be cool. Tesla is already looking at turning the console into...a console. Seeing people playing forza and gran turismo in their Tesla in a GameStop parking lot would be great lol
 
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