Monday, May 13, 2013

Hold shorts...

Still nothing new.... All systems remain short.  I finally had some time to care for my neglected webpage.  Will get to the stats tomorrow.  Thanks all!
J

11 comments:

  1. RMI... as for your question yesterday about me being an investor.... you should know the answer to that... but, since you asked... I'm obviously not, and here's why.

    The reason I am not, is simple: I am able to beat the markets over the long haul. It doesn't take much to do that, frankly. The Sp500 is up a whopping 15% in the past THIRTEEN YEARS.... that's not 15% per year... that's 15% TOTAL... so, that is about 1.1% gain per year if you compound. Yes, Divies add a bit to that, but let's keep this simple.

    What blows my mind is how so many people (especially the so-called "pro's") have failed to beat that +1.1% return per year for the past 15 years....

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  2. Correction: that last sentence should say "13" not "15"

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  3. I believe they are comparing year to year, not a total from peak to peak (aka 0%) or to current (like you said 15%). I am probably wrong, but I am sure their returns get worse beyond 5 years because of the 2008 slaughter...

    The S&P was up about 13.4% last year... I made a lot of mistakes, but still made about 43%, I hope to improve that this year mainly with making fewer mistakes :-)

    I said what I said because you mentioned how successful B&H was. It really was tongue in cheek because you wouldn't be on this blog if you were B&H.

    Thanks for the insight JKH !!

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  4. one year is too short to evaluate, RMI... this is a marathon, not a sprint. This is about long-term survival, more than anything. I recommend traders not get hung up on any particular year... but if you see 3 and 5 year returns overall lagging, then you got a problem. Glad yer doing well YoY... hope yer around 10 years from now. If you do 10%/year or more trading, yer likely going to outperform the Sp500 over the long haul, going forward... Let's check back in 2020, shall we?... LoL

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  5. Ok, I have reached my 7% loss thresh-hold...

    Looking for an exit point.

    GLTA

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    Replies
    1. Oops, hit my stop at 32, so I am out with a 7% loss... Forgot about that stupid thing...

      Have fun all, I am going to go figure out how to not short a QE inflated market...

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    2. Forgot about my UVXY... maybe hold that until the next signal since its price has been pretty steady...

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  6. We saw this same movie recently. TZA has to bounce pretty soon (or not???). Now we'd like J-Trader to tell us what to do. Don't burden him. We need to know our own level of risk tolerance.

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  7. Hey, why are UVXY and TNA moving in unison?? Does this signal a pending market reversal?

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  8. Today=ouch.

    Just finished the stats. Will make a dedicated post here soon... With today's action, I'm approaching breakeven for the year. :-(

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