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Message

re: I am out of the market (mostly)

Posted on 7/31/14 at 7:45 am to
Posted by L S Usetheforce
Member since Jun 2004
22752 posts
Posted on 7/31/14 at 7:45 am to
So the answer was no.....

And frick the Ivy leagues, I have 2 degrees from LSU.....And grew up surrounded by family members who made more money than a small percentage of ivy leaguers working their way up and investing in the oil and gas field.
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
10911 posts
Posted on 7/31/14 at 8:08 am to
quote:

I have been on the sidelines with my and employers contributions since the first of the year


Are you trying to time the market with your 401k? I've always been told not to do that. Maybe I misunderstood your post.
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5832 posts
Posted on 7/31/14 at 8:39 am to
quote:

Are you trying to time the market with your 401k? I've always been told not to do that. Maybe I misunderstood your post


No, I am not that smart. Just a hunch on a dip after the first. Wrong again.
Posted by rintintin
Life is Life
Member since Nov 2008
16168 posts
Posted on 7/31/14 at 9:00 am to
quote:

ou give the impression you believe you are the only person on this board who knows how to make money in the stock market. 


I don't think he does, he's just more vocal about what he does. Which, IMO, is a breath of fresh air around here. Most of the intelligent posters here are very close to the vest when it comes to their particular investments and strategies, and when people ask for advice or help they are met with sarcasm and pretentiousness.

Whether you think he's arrogant or not, there's no denying he is very transparent with his trades. That's respectable IMO.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/31/14 at 9:45 am to
After a rough start with him, I have come to really like Iowa Golfer.

He has the balls to make big statements and the brains to back them up. There were several of those types around here ~5 years ago and it was a lot of fun.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26578 posts
Posted on 7/31/14 at 9:46 am to
The guy certainly knows his options market.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 7/31/14 at 9:53 am to
I thought this was all directed at Use the Force, not me. I was defending Use the Force.

Imagine that. A bunch of higher income guys on here, successful at their chosen endeavors, that are Type A and bull headed.

Any way, all of my losers on are out in the open on here. I just grow tired of posts that suggest some only pick winners 100% of the time. Because that doesn't much fit in with my reality.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/31/14 at 10:04 am to
If you hit .600, your doing real good in the market.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 7/31/14 at 10:32 am to
My biggest lessons learned were from losing positions - not winning ones.

I have matured and done a much better job of understanding my trades.

quote:

Any way, all of my losers on are out in the open on here. I just grow tired of posts that suggest some only pick winners 100% of the time. Because that doesn't much fit in with my reality.
Posted by LSU0358
Member since Jan 2005
7918 posts
Posted on 7/31/14 at 10:37 am to
quote:

Any way, all of my losers on are out in the open on here.


As are mine. For instance I just took it in the teeth on a starter position in gold. Losses happen. If you are in the trading/investing world for long, they happen more often then the successes. How losses are managed are the key to being successful.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/31/14 at 10:49 am to
I do reserve the right to small amounts of flaunting if someone went against my number one rule and bought gold.
This post was edited on 7/31/14 at 10:50 am
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5832 posts
Posted on 7/31/14 at 11:46 am to
IG's post are solid and most welcomed.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 7/31/14 at 11:56 am to
I've been meaning to ask...

Were there margin hikes last Thurs. for traders in many futures contracts such as ES? That is a non-monetary tool for taking some froth off the market.

For those of you who do not have trading accounts, please consider that moving in and out of funds in a 401K can cost you money and can also lock you out of certain funds (in some plans) for a period of time. Read your plan info carefully.
Posted by LSU0358
Member since Jan 2005
7918 posts
Posted on 7/31/14 at 12:11 pm to
quote:

I do reserve the right to small amounts of flaunting if someone went against my number one rule and bought gold.


I knew better, it's in a bear market at the moment. I paid the price.

I've made good money in S&P, NQ, and Dow futures this year. Dented the profits a little with gold. Going forward the three mentioned above and the USD are going to be the best things to trade in IMO.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 7/31/14 at 12:41 pm to
XOM just dipped below 100


Waiting on CVX to drip below 130.
Posted by bayoubengals88
LA
Member since Sep 2007
18899 posts
Posted on 7/31/14 at 12:50 pm to
Noteworthy Consumer staples:

Kellog down more than 5% TODAY.
Coca Cola under $40 for the first time since April.
Philip Morris down 9% in 6 weeks.


This post was edited on 7/31/14 at 1:14 pm
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/31/14 at 1:05 pm to
Bought some more KO this morning @ $39.70.
Posted by ConfusedHawgInMO
Member since Apr 2014
3495 posts
Posted on 7/31/14 at 2:09 pm to
sold AMGN today at $127.86, bought at $85.06
sold WMT today at $74.03, bought at $54.41
sold BGS last week at $31.27, bought at $13.61

I do have some losers that holding on to, but I sure wish they all went like those above.
Posted by bayoubengals88
LA
Member since Sep 2007
18899 posts
Posted on 7/31/14 at 2:12 pm to
so you held WMT for 3 years?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/31/14 at 2:19 pm to
YAY for underperforming the SPX.
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