Keep posting your picks. This journal and SPX credit spread trader I look forward to reading every day as I am getting back into trading a little at a time. Reading these two journals is really a good education. Thanks for taking time to i appreciate it. T
You don't need to improve this journal at all. I read it with awe and admiration every day and am amazed by how well you can pick them. The only thing I'd like to learn is how do you go about picking them. Real time posting would help make trades but wouldn't teach us how to pick them. Thanks a bunch and please keep up the posting. Much appreciated. Mike
You Have Got To Be Kidding Me!!!!! New Fed. Chairman (I'm so disgusted I can't even say his name) wants long term rates to rise or else he's going to keep raising rates!!!! Way to come out swinging...........This is a loose loose for equity holders in my opinion......Long term rates rise market begins to falter.....Long term rates stay close to where they are today, Fed. BOY wrecks the equity markets by raising short term rates to 5.25 or above......Just My Opinion.....The Man hasn't even opened his mouth yet and I already feel sick....The speech is out!!!! By the way thanks for the comments...I feel better now!!! Excel Sheet will be ready soon $COSTAverageMAN
$CostAverageMAN, I primarily only trade (daytrade) Energy....though I am following your journal to broaden my horizons (and possibly a long term perspective). What are you looking for in individual sectors? Simply the strongest areas of the market and either the top notch or undiscovered gems of that area?? I have been in the CWPC for a couple weeks (wish I had your price a year ago) and was very surprised to see that you had sold a hefty chunk of the position today into the breakout.....what's your thinking? discipline/money management or that the stock has just run too far too soon? Continued success to you!! Bullet
THE 8 Figure Day I seriously doubt I will get to experience this for very long, but today the portfolio closed at 10 MIL+.....Very Happy!!! DOW------(-.05%) NASDAQ--(+.33%) S&P 500--(-.17%) Bovespa--(+.44%) Nikkei225-(+1.74%) DAX---------(+.35%) FTSE--------(-.13%) $COSTAverageMAN---(+.90%) OUTPERFORMING DAILY 74 ADV 64 DEC 4 UNCH 40.945% 2006 Portfolio Performance 17.0% CASH Position
Correction on Excel Sorry ISRG sell not taken out and BBC cost was off..... Still 10.001MIL I thought it looked off!!!! +.77% Portfolio Inc. today
The lack of interaction w other ET'ers is not from lack of interest. I really look forward to your posts. Lots of views so I am sure others enjoy it also! Some time ago you said your selection filter was not something you would be willing to share but hinted it was momentum driven. I think all of us are envious of your culling out the strong stocks - you just seem to get it right more often than not. Are you sure you cannot give us a few pointers on selection criteria.
$cost, Since you like some conversation , I'd love to give you a nice conversation first of all , a) Do you believe your portfolio's better-the-market gain is your diversity in more then at least 4-6 symbols? b) When you started building the portfolio, Did you enter in all at once or did you enter bit by bit?
<i>"I do enjoy this journal---But I never get any post---I look at other journals were people just chat back in forth all the dam time....I must not be doing this right.....Would you all be interested if all I did was go SHORT OR LONG THE SPX everyday....Hell a monkey can flip a coin....He may lose his A#S, but he can flip it.....Seriously this can be very valuable info that gets posted here and I get no responses/feedback....."</i> You crazy old man. I'm too busy trying to close my mouth and wipe the drool as I try to figure out how the hell I can get to where you are. Interestingly enough, I have found myself leaning toward your style of investing/trading -- long term 'core' holdings with shorter-term trading. Seems to get the best of both worlds - holding for longer periods through intermed. action for huge 1000%+ gains, as well as consistent swing/day trades for smooth equity growth. I would definitely like more insight as to how you are able to manage these positions but I think earlier you said you've been doing it for some 30 odd years... Where I am on my trading/investing path is determining optimal position size and risk management.. it seems you use fixed lot sizing -- ie round numbers -- is there a specific reason?