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re: Is it time to lock in some gains and move to cash ?
Posted on 7/26/23 at 6:36 pm to LeeVanCleef
Posted on 7/26/23 at 6:36 pm to LeeVanCleef
First off, no way am I going to take a tax hit like that this year. Second of all, I don't want to frick up my cost averages on my positions, even if I planned on getting back in at some point in the future.
If its something you plan on being in short term anyways, then yeah, I'd say take a little risk off, but my long term core holdings aren't getting touched.
If its something you plan on being in short term anyways, then yeah, I'd say take a little risk off, but my long term core holdings aren't getting touched.
0
Posted on 7/26/23 at 8:32 pm to saint tiger225
Good
Shorted MSFT & Nasdaq yesterday before the close.
Shorted DOW Index today when it was up, caught the top(or bottom how ever you want to look at it).
Going to let them ride.
Still up on all of them.
Gambling that DOW will snap 13 game winning streak tomorrow.
Will probably put stops on them so I can't lose money (unless the market opens up huge tomorrow).
Shorted MSFT & Nasdaq yesterday before the close.
Shorted DOW Index today when it was up, caught the top(or bottom how ever you want to look at it).
Going to let them ride.
Still up on all of them.
Gambling that DOW will snap 13 game winning streak tomorrow.
Will probably put stops on them so I can't lose money (unless the market opens up huge tomorrow).
Posted on 7/26/23 at 8:48 pm to saint tiger225
quote:
How are your shorts doing?
I will go on record. I did a Aug 18th 460/457 SPY put spread yesterday.
What that means. I get 100% return if SPY is below 457 on Aug 18th.
Posted on 7/27/23 at 5:38 am to LeeVanCleef
quote:Nasdaq looks like it's heating up due to Meta. Might feel a little pinch.
Will probably put stops on them so I can't lose money (unless the market opens up huge tomorrow).
Posted on 7/27/23 at 6:01 am to LeeVanCleef
quote:
try to outperform the market.
That's an ego trip, not a sound strategy.
Anyone who jumped into the market in 2008 did very, very well.
This post was edited on 7/27/23 at 6:37 am
Posted on 7/27/23 at 7:05 am to RoyalWe
quote:
Nasdaq looks like it's heating up due to Meta. Might feel a little pinch.
Still up on my MSFT and SDOW shorts.
Probably going to take a hit on my Nasdaq short.
Posted on 7/27/23 at 7:32 am to Bestbank Tiger
quote:
That's an ego trip, not a sound strategy.
quote:
That's an ego trip, not a sound strategy.
Anyone who jumped into the market in 2008 did very, very well.
I like how you ignore the fact that in 2008/2009 crash that the market was rolled back 16 years.
People that just bought and held were no better off in 2009 than they were 16 years earlier.
In 2000 tech crash the nasdaq dropped 70 percent.
in 1982 the DOW was at the same level as 1964.
Holding, let alone going long, when the market is at all time highs usually offers high risk, with minimal reward.
Fortunes are made by having cash on hand and buying market crashes.
1987, 2000/2001, 2009, 2019.
I sold everything in Jan 2019 when covid was just starting, because the market was at all time highs and I knew that if Covid was declared a pandemic that the market would crash.
People thought I was nuts.
A few months later when the Dow was down 10,000 they didn't think so.
Got back in and made a killing.
That's how you make real money.
Posted on 7/27/23 at 7:49 am to LeeVanCleef
Yeah, me too. People wonder why I cycle in and out of bonds as the market goes up and down. It's so I have buying power when the market is doing poorly.
Posted on 7/27/23 at 7:52 am to RoyalWe
quote:
Yeah, me too. People wonder why I cycle in and out of bonds as the market goes up and down. It's so I have buying power when the market is doing poorly.
exactly.
There is a difference between "timing the market" & having enough sense to lock in some big gains and have powder dry for better opportunities.
Warren Buffet and Berkshire have a cash hoard of over 100 billion dollars.
According to most on this board that means that Warren Buffet is an idiot for not being fully invested at all times.
Posted on 7/27/23 at 9:23 am to LeeVanCleef
How are all your shorts doing today? I'm seeing a lot of green on the board.
Posted on 7/27/23 at 9:32 am to saint tiger225
It’s not like they are going to tell you about losses. Market timers only talk about their wins
Posted on 7/27/23 at 10:06 am to notiger1997
quote:I don't time the market. I make trades at the end of each quarter based on how my index ETFs perform. They exceed expectations, I sell some and buy bonds. They fail to meet expectations, I sell bonds and buy stock ETF. No prediction required. It's quite freeing to not worry about whatever "news" story is being pushed at the moment regarding the Market.
It’s not like they are going to tell you about losses. Market timers only talk about their wins
I've averaged 23% over the past 7 years.
Posted on 7/27/23 at 10:11 am to notiger1997
quote:
It’s not like they are going to tell you about losses. Market timers only talk about their wins
Warren Buffett has 130 billion in cash.
I guess he's just a moron market timer who should be fully invested at all times.
geesh.
Posted on 7/27/23 at 10:34 am to TejasHorn
quote:Wednesday, November 7th, 2012
My brother pulled mostly out and into gold bullion and cash after watching too much Fox News, and too much Alex Jones, right after Obama won his 2nd election.
It’s a topic we don’t discuss much.
DJIA was at 13,245.52.
Gold: $1,689.95/oz.
Yesterday closes:
DJIA was at 35,520.12.
Gold: $1,962.20/oz.
Gainz (on a $100k investment, w/out fees)
DJIA $168k or average of $16k per year
Gold: $16k or average of $1.5k per year
Probably a good thing to not bring it up.
Posted on 7/27/23 at 1:32 pm to LeeVanCleef
quote:
Shorted MSFT & Nasdaq yesterday before the close.
Shorted DOW Index today when it was up, caught the top(or bottom how ever you want to look at it).
Going to let them ride.
Still up on all of them.
Gambling that DOW will snap 13 game winning streak tomorrow.
Man, I'm having a day !
I love it when a plan comes together,
3X Dow Jones short up big,
MSFD Microsoft short up big
Even my 3X Nasdaq short is now green and up nicely.
Muh, you can't time the market
Posted on 7/27/23 at 1:38 pm to LeeVanCleef
I'll be impressed when this is done on a fairly regular basis and you're posting your move well before they happen. Congrats on this hit.
Posted on 7/27/23 at 1:59 pm to MrJimBeam
quote:
I'll be impressed when this is done on a fairly regular basis and you're posting your move well before they happen. Congrats on this hit.
huh?
I posted yesterday that I shorted MSFT,DOW index, QQQ Index and was holding them.
Said I was betting that Dow would snap its winning streak today.
Posted on 7/27/23 at 2:13 pm to LeeVanCleef
You also deleted a post saying you shorted META after it suddenly jumped up in AH.
Posted on 7/27/23 at 2:15 pm to BuckyCheese
quote:
You also deleted a post saying you shorted META after it suddenly jumped up in AH.
Seems on brand for this type of poster
Posted on 7/27/23 at 2:15 pm to BuckyCheese
I never shorted meta, I never said that I shorted meta
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