Fedup
Thinks s/he gets paid by the post
Even as a person who has a lot of cash, I don't think of it as fun.
Poll:It's July 2017. When would the market correct?
- Thread starter robnplunder
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robnplunder
Thinks s/he gets paid by the post
Anyway, since I think there are hundreds of different strategies, I wonder if investors (not me)... develop a "plan"... for market fluctuations, or if it's a matter of following the "news", and making an educated guess.
My former neighbor, during the heydays of day trading, worked his 150K pension buyout into over three million... via a "plan"... less than a year.
Am guessing that some members here also have a "plan"... Wanna share?
I have a self developed variation of buy low and sell high plan
for a small portion of my portfolio. It worked for the last 3 years, even for 2015 when the market finished down by a few percentage. I was up 16% that year. But I really DON'T want to test it against a prolonged bear market. A correction? I can live with it.Hardly worth it. I want to see 40-50%
GravitySucks
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I'll bet we'll see a 30% drop at some point in the next fifteen years. It is why we keep some bonds.
NW-Bound
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30%? 40-50%?
There will be a lot of teeth gnashing, wailing, crying, sobbing, threatening to go back to work, etc...
That's too much. That's not fun anymore. I don't like to see that. I prefer 20%, thank you.
There will be a lot of teeth gnashing, wailing, crying, sobbing, threatening to go back to work, etc...
That's too much. That's not fun anymore. I don't like to see that. I prefer 20%, thank you.
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NW-Bound
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It shows that you, same as many, are still quite bullish. It's better than not doing anything, but VTI closed today at 123.66.
PS. I am still bullish too. That makes me write out-of-the-money covered calls instead of right-at-the-money or below. Yep, it's when most people are bullish that the market is at the most precarious point.
I still have a lot of stocks. Maybe I will lower the strike price for future option trades.
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Fedup
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In the next 15 years? Maybe you can narrow the range a bit.
Fedup
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Not bullish, but not bearish either, but my AA is 50/50 and right now I'm 20% in stocks. I just need to keep up with my AA, that's all. Of course if the market takes off from now till 7/21, I lose.
NW-Bound
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No, you would not lose. You simply will not win as much as you would if you stayed invested.
See how you still act greedy, meaning afraid of missing out? That means you are still bullish, because you are afraid of missing out on a bull run.
I am the same way. And perhaps the market will prove both of us wrong by crashing.
See how you still act greedy, meaning afraid of missing out? That means you are still bullish, because you are afraid of missing out on a bull run.
I am the same way. And perhaps the market will prove both of us wrong by crashing.
GravitySucks
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Nope. Wish I could but I can't.
At some point things will get out of whack then hopefully get back in whack. Wish I could know when to whack.
Blue Collar Guy
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Can anyone post a link to this strike price idea, Id like to learn about this stuff. thanks
NW-Bound
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Fixed it for you.
Looking4Ward
Full time employment: Posting here.
I feel like we're reliving the late 80's except interest rates haven't caught up yet.
Fedup
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Danmar
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Likewise, why would anyone try to predict the unknowable?
I hardly ever trade. Dont rebalance. Call me mister Buy and Hold. I would rather it was up than down, but really doesn't make much difference to me as long as divs aren't cut.
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Kishinev
Dryer sheet wannabe
I do know based on extensive research in orientation of watermelon seeds in southern Kazakhstan fields and and sugar content of Moldovan 2017 vintage cabernet sauvignons. To get this valuable information you will have to subscribe to my award winning investment letter at a reasonable $499 per quarter. I will also disclose which foreign market will have a major spike this year based on humidity percentages in Cucamonga Valley and and mating habits of tse tse flys in Senegal for an exta fee of course.
Blue Collar Guy
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Fedup
Thinks s/he gets paid by the post
Ok I read it, several times
Let me try to explain. The strike price is the price you are going to pay. So let's say I wrote a cash covered put for 7/21/2017 for vti at 126 for a premium of 1.25, that means I'm willing to buy vti at 126, subtracts 1.25 premium then that means on 7/21/2017, if vti is higher then 124.75, then I make money. If not then I lose money. If it closes above 126 then I got the premium for free.
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Blue Collar Guy
Thinks s/he gets paid by the post
You do this through a broker?
Fedup
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I put the trade on myself through Vanguard brokerage. Under options. Sell to open, ticker symbol, then how many contract, then price limit.
Blue Collar Guy
Thinks s/he gets paid by the post
Ok. thanks again. I need to study up more on this
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robnplunder
Thinks s/he gets paid by the post
Congrats for those who picked "in 6 months." The market has corrected (or still is correcting).
NW-Bound
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Hey, I missed this and did not vote.
I still can, but have not.
Should I?
I still can, but have not.
Should I?
