Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 08-24-2015, 04:25 PM   #501
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
The positive of today is that the bond ETF shares I sold dropped lower by the close and the things I bought closed higher. So I am not any worse off than if I had done nothing. Well, at least until tomorrow.
LOL! is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-24-2015, 04:43 PM   #502
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
Quote:
Originally Posted by redduck View Post
Does this mean you're going to rob a 7-11 or that you are going to shoot yourself?
Guns and bullets are the universal currency... The Glocks are great. I will probably sell a few, but I can see where a person could use 5-6 anyway.

Quote:
Originally Posted by NW-Bound View Post
Redduck, didn't you see another thread where he posted about just buying 10 Glocks? Me hoping he's not going on a rampage.
Absolutely no rampage. I know they do not spoil. I plan on doing some shooting at the range after I retire. I have quite a few guns that I have never shot, and need to. Taking a 2-day defensive handgun class at FrontSight in October.

I did "pull the trigger" and buy my September ETF allocation a bit early. 57 shares of IVV at $192.50. It looked like a great buy, until it wasn't. In the long run, it doesn't matter what timing you use, just as long as you make regular investments.

My AA is mostly stocks, with ~10% in cash. The rest is split ~40% equities, 60% real estate equity.

My dividends should be ~$1,500+ a month upon retiring, and this purchase will help that along. I think I will regret working this OMY, but getting out at 56, making well more than my salary at work with the rental income, is still not bad. It gives me time to mentally prepare for my retirement.

I prefer the market to be up, but we were long overdue for a correction. Nothing has fundamentally changed from a week ago. What was good a week ago is still good today. Market history says to keep the faith and press on.

And I welcome any bounce, including a dead cat bounce.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 08-24-2015, 04:49 PM   #503
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 2,288
Sold weekly SPY 188.5 puts for $2. Made the trade a bit too early when SPY was trading at 193
utrecht is offline   Reply With Quote
Old 08-24-2015, 05:11 PM   #504
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
Quote:
Originally Posted by NW-Bound View Post


But you never were an indexer, were you?
50% of our net worth is in a 401K invested in two Vanguard US value and growth funds.

15% is in our paid off house

15% is in cash

5% in IRA

The last 15% is what I trade in taxable and I have well over half of that in index funds. I just meant I am not buying more index funds on a dip, I am buying certain stocks that are better than the index.
Fermion is offline   Reply With Quote
Old 08-25-2015, 05:32 AM   #505
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
Futures are looking great Tuesday morning. I'm thinking about submitting some limit orders before the market opens to try to catch unsuspecting folks into buying shares from me at inflated prices. If the orders are not executed, then I will just sell at the prevailing prices.

So if anybody is awake, should I go 10% higher from here since futures are up at least 4%? Or 6%? 8%?
LOL! is offline   Reply With Quote
Old 08-25-2015, 05:47 AM   #506
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
Quote:
Originally Posted by LOL! View Post
Futures are looking great Tuesday morning. I'm thinking about submitting some limit orders before the market opens to try to catch unsuspecting folks into buying shares from me at inflated prices. If the orders are not executed, then I will just sell at the prevailing prices.

So if anybody is awake, should I go 10% higher from here since futures are up at least 4%? Or 6%? 8%?
If the market gaps open, it is likely to fill the gap. Odds are, the open will be the strongest opportunity to sell, for today. Go with a market order, protected by a limit amount just under the market. (i.e. put your limit order just under market)
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 08-25-2015, 06:17 AM   #507
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
Ah, you mean place a marketable limit order just at the open when one sees a few trades.

I can submit some ridiculous orders beforehand and modify them as needed, too.
LOL! is offline   Reply With Quote
Old 08-25-2015, 07:54 AM   #508
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
OK, did sell at the open and market tended downward, so I got 1% more than a few minutes later.

Since the things I bought yesterday are up 2.5% to 5%, I will be placing more orders to unwind all those trades. For those following this action, I will not be selling the exact same shares I bought, but I will sell substantially identical shares that are already long settled in the same accounts or in different accounts. This is because the purchases were in tax-advantaged accounts that were not margin accounts.

A specific example: I bought VTI yesteday and sold shares of VTI purchased earlier in the year. I pay no commissions and there are no tax consequences in this tax-advantaged account.
LOL! is offline   Reply With Quote
Old 08-25-2015, 08:06 AM   #509
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 2,288
Quote:
Originally Posted by utrecht View Post
Sold weekly SPY 188.5 puts for $2. Made the trade a bit too early when SPY was trading at 193
Normally when I sell weekly puts, I almost always hold til expiry and whatever happens happens. Odds are severely on my side because so much of the premium is time value. In this case because of severe volatility I may close early. Right now the puts I sold for $2 are worth $1.57. If I can buy them back for $1 today I will. If I cant I will see what tomorrow holds.

Also day traded BBY at the open. I day trade stocks in the first 30 mins after the open when they release earnings. These are very large trades relative to my other trades and I am looking to scalp 0.5% or more profit in a few mins. Made 1% this morning in 2 mins. I shorted BBY at 34.30 and bought to close at 34.
utrecht is offline   Reply With Quote
Old 08-25-2015, 08:16 AM   #510
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
I made mid 4 figures on Gilead (bought Monday, sold today) but not nearly the amount I would have made if I had gotten up 5 minutes earlier and not gone to the bathroom first.

Lesson learned. Always check the market before sitting on the throne.
Fermion is offline   Reply With Quote
Old 08-25-2015, 10:21 AM   #511
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 2,288
I was going to buy back the weekly puts I sold if they dropped to $1 but changed my mind. Instead, I turned them into a spread. When SPY was at about 194.10 the 188.5's were worth $1. Instead of buying them back and taking my profit, I bought an equal number of weekly 184.5's for .50 giving me a 188.5/184.5 spread. Now my max profit is $1.50 if SPY closes above 188.50 on Friday.
utrecht is offline   Reply With Quote
Old 08-25-2015, 11:30 AM   #512
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 35,712
I start to nibble a bit on Emerging Market stocks. Just a bit. I sold these earlier and buying them back cheaper now makes this market timer happy, even if I sold far below the top, and may be buying them back too soon.

The world economy situation is still very unsettled, so there is no hurry. There will be more chances.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)

"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 08-25-2015, 11:49 AM   #513
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
I had an action plan of 6 sell trades that I wanted to do today, but with market prices fading, I have completed only 0.5 leaving 5.5 of them still to do. I think I will just wait another day or so.

I guess this post is my effort to try to talk the market back up this afternoon.
LOL! is offline   Reply With Quote
Old 08-25-2015, 12:01 PM   #514
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 35,712
Speaking of market timing, I prefer not having to do it and just sit on my stocks and live my life happily without concerns.

But the problem is caused by other investors, who clamor for stocks in good times, then dump them when they are in fear. So, what's for me to do, other than to oblige?

I am not that successful at selling at the top, nor calling the bottom, but I always try my best to sell some when people are clamoring, and buy when they were stampeding to get out. Would that not be a civic duty?

If you make money trading, you are actually helping the market to restore balance. If you lose money, you are destabilizing it. I want to be a good citizen and to be helpful.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)

"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 08-25-2015, 02:04 PM   #515
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 2,288
I had a bad feeling the big selloff at the close was coming which is why I spread my weekly SPY trade. I really didnt think it would be THAT bad though. There hasnt been a down day after a huge gap up at the open since 2008 and that is a REALLY bad sign.
utrecht is offline   Reply With Quote
Old 08-25-2015, 02:11 PM   #516
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
It was an amazing drop at the end. I tried getting back into the exact Gilead position I had sold this morning but it didn't fill. Tomorrow is another day. Due to my machinations today, I gained $6500 in a $120,000 account on a day where the DOW ended down $200. Still a drop in the bucket compared to overall net worth losses but it does for some reason cheer me up.
Fermion is offline   Reply With Quote
Old 08-25-2015, 02:21 PM   #517
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
Quote:
Originally Posted by Senator View Post
If the market gaps open, it is likely to fill the gap. Odds are, the open will be the strongest opportunity to sell, for today. Go with a market order, protected by a limit amount just under the market. (i.e. put your limit order just under market)
The "strongest opportunity" turned out to be true, so THANKS very much for responding to my post this morning.

I did a video capture of my trading platform screen for the minute or so bordering the market open, so that I could see later what happened at the opening cross. It was quite enlightening to me, so I learned something that I didn't know, too.
LOL! is offline   Reply With Quote
Old 08-25-2015, 02:22 PM   #518
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 35,712
Quote:
Originally Posted by Fermion View Post
... I gained $6500 in a $120,000 account on a day where the DOW ended down $200. Still a drop in the bucket compared to overall net worth losses but it does for some reason cheer me up.
Hey, every bit of gain helps.

I went out for an errand, come back just now and see that the dead-cat bounce fizzled out and the market ended in the red again. My meager international charity attempt to help the emerging markets was woefully inadequate, and that ETF petered out.

Good thing I did not fire off my ammo in single shots and not machine gun bursts. Isn't this fun or what?
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)

"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 08-25-2015, 03:17 PM   #519
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 9,343
Quote:
Originally Posted by NW-Bound View Post
Hey, every bit of gain helps.

I went out for an errand, come back just now and see that the dead-cat bounce fizzled out and the market ended in the red again. My meager international charity attempt to help the emerging markets was woefully inadequate, and that ETF petered out.

Good thing I did not fire off my ammo in single shots and not machine gun bursts. Isn't this fun or what?

NW, I have to man up an admit I caved. I sold 10k of Total Stock today after I said I would hold my ground. I would have sold a helluva lot more but I have to stay under my AGI to get my 2k tax credit. I use average cost basis so every sell still is a capital gain. I am putting the pencil to the paper and see if I can squeeze $5k more. If I could just sell the more recent purchases I could also sell losers but I don't want to create a tax mess.
I knew I was a light weight so kept my total amount in common stocks at 25%. But if I knew how weak I really was I would have already been 100% in utility preferreds.


Sent from my iPad using Tapatalk
Mulligan is offline   Reply With Quote
Old 08-25-2015, 03:20 PM   #520
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
Mulligan, I would not go 100% in anything. Maybe there is some danger in the utility preferreds you are not seeing or has not been seen before (some policy change or shift).
Fermion is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Market Timing Strategy Earl E Retyre FIRE and Money 141 10-28-2011 02:09 PM
Money Market funds in potential danger. clifp FIRE and Money 22 07-06-2011 06:10 AM
When it comes to photos, timing makes the shot REWahoo Other topics 0 07-01-2011 01:19 PM

» Quick Links

 
All times are GMT -6. The time now is 02:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.