DblDoc
Thinks s/he gets paid by the post
- Joined
- Aug 11, 2007
- Messages
- 1,224
That is exactly what I did today....
Bought some bonds and VEU today to bring my AA to target.
DD
That is exactly what I did today....
Who's to say tomorrow you won't feel like a genius when it surges to $8.50?
It would take more than that for me to feel like a genius...
I got greedy and it burnt me...
DW's company stock has been on fire lately so we decided to sell some and lock in the gains. The stock was trading at $7.92 and had been on an up trend all morning, so I placed a limit order at $8. When the stock price hit $7.98 it brutaly turned around to end the day below $7.5... Trying to make a few extra dollars ended up costing thousands. Dumb.
Limit and stop orders are deadly. ... We went on a ten day cruise in Europe so I placed a stop order to sell at about 30% below the current price as "armageddon insurance" because I didn't want watch the market while on vacation. ... I got stopped out, and the next AM it rebounded 50% and was back to near its high again in a week or so.
I'll never put in an auto sell or buy order again.
Personally I am waiting for the great beanie baby rebound....
I guess it's the end of the world-again!
I try to limit my apocalypse rebalancing to no more than two per year...What? ANOTHER apocalypse? Sheesh. I might have to rebalance my portfolio again.
Me too!!!I try to limit my apocalypse rebalancing to no more than two per year...
http://www.early-retirement.org/forums/f28/40-year-and-80-year-market-cycles-49439.htmlI like the Calculated Risk blog, and they publish this chart every once in a while, so I figured that I would mirror it here. A little perspective doncha know?